Financial Information for International Students
International Student Deposit Students who are not citizens or permanent residents of the United States are asked to submit 12 months of bank documentation from family/sponsors indicating ability to pay for duration of academic program and to place an International Student Deposit with the University before final acceptance can be given and the I-20 form, needed to secure the United States Student Visa, can be issued (Canadian students are excluded from making the deposit).
The International Student Deposit will be $3,000 for Fall 2017. The deposit is held as long as the student remains enrolled and will be refunded at the end of the student's studies at Walla Walla University.
Interest Walla Walla University pays interest on the International Student Deposits at the One-Year Constant Maturity Rate.
Insurance Walla Walla University requires all international undergraduate and graduate students, including Canadians, to have health insurance that will cover them while they are enrolled at WWU. If students require assistance in the finding a health insurance plan to meet their needs, please see wallawalla.edu/insurance or call (509) 527-2425 for assistance.
International students (Except Canadian Students) will be expected to use the Regular Payment Plan described on this website, which requires payment of all estimated expenses for the next quarter, plus any balance remaining from a prior quarter, before financial clearance is given. The payment deadline is the Wednesday prior to the start of classes each quarter.
Students have many payment option to pay online (wallawalla.edu/payment):
- Debit cards and credit cards (American Express®, Discover®, JCB®, MasterCard®, Visa®) have a 2.75% processing fee.
- Electronic checks do not have a fee.
- International students can also make payment using their home country's currency. To access this page, search for "International Payment Options on the WWU website.
According to Immigration and Naturalization Services regulations, international students attending WWU while on student visas are only permitted to work on campus and are limited to a maximum of 20 hours of work per week during periods of enrollment. Spouses and children who are not students may not accept employment under any circumstances.
International students on student visas do not qualify for the majority of loans and grants described in this bulletin. These students are eligible to receive scholarships, such as Achievement, Out of Area, Leadership, National Merit, General Studies Honors, Transfer Scholarship, Continuing Student Scholarship, if the qualify. To determine ability to meet educational costs, the university requires applicants to submit a declaration of finances before final acceptance is given.
Foreign Currency Exchange Contracts
Lock in Your Exchange Rates For the Entire School Year: Many of our students have expressed a need to be able to quantify the exact amount that their tuition will cost them in their local currency. They want to be able to count on the tuition cost for the entire school year to be unchanged in terms of their own local currency. This can be done via a financial instrument called a “forward exchange contract”. The best news is that there is generally no transaction cost to the student to enter into a forward exchange contract. If you are interested in locking in your foreign currency conversion rates for the entire school year, please contact a foreign currency exchange firm that offers forward exchange contracts to the general public. For your convenience, we have identified two such firms that can help our foreign students to “lock-in” their tuition costs:
AFEX-Associated Foreign Exchange, Inc.
International Payments through Western Union.
Please note that a forward exchange contract may be disadvantageous to you if during the school year your local currency appreciates in value relative to the U.S. dollar.
Please also note that the above firms can also assist international students in wiring their tuition payments to Walla Walla University for a nominal fee.