Is mutual funds acceptable for i-29 in UIUC?

Question

I have recently got an admit from UIUC, and I need to give them the proof of funds, can I use mutual funds certificate as proof of funds?

A D · Answer

Hi Rajat,
According to the official website, bank letters are accepted not mutual funds certificates are not accepted.

FUNDING documentation - bank statements:
You must obtain a bank statement from your bank (web printouts are acceptable for online banking) showing the bank's letterhead or logo, and bank stamp or bank signature.

The statement must show sufficient funding for one year’s costs* (or amount of sponsorship for one year), must be dated within one year of submission, and must show funding in liquid accounts, such as savings, checking, money market accounts, or CDs.

Non-liquid funding such as stocks, bonds, auto/land deeds are not acceptable forms of financial support.

Solvency and opinion statements are not acceptable forms of financial support.

FUNDING DOCUMENTATION - declaration and certification of finance forms:
The sponsor must sign and print his/her name and relationship to the student, and the form must be dated within one year of submission.

Signing this document verifies sponsorship for the full length and cost of the program.

The form is available in PDF format here.

FUNDING DOCUMENTATION - letters of sponsorship:
You must obtain an official letter of sponsorship from the sponsor that includes a signature or stamp showing the authenticity of the letter.

The letter must detail amounts and length of sponsorship and be dated within one year of submission.