How to Calculate Minimum Required Funding for Post-Completion Academic Training
You will need to refer to the U.S. Federal Poverty Guidelines to determine the total amount of funding needed to cover the entire Academic Training period. ISS considers the minimum required funding to be 125% of the appropriate per-year amount from the Poverty Guidelines, adjusted by the number of days you will be on Academic Training. Please calculate the minimum required funding by following the instructions below.
Find the appropriate value for the number of people in your household (you + all your J-2 dependents, if any) in the Poverty Guidelines table. This is the value referred to as pgv in the formula below. Multiply the pgv value by 1.25. (The result of would be the required amount of funding if your Academic Training were exactly one-year long.) Multiply now that one-year minimum amount by the number of days you will be on Academic Training (d in the formula below), and divide the result by 365. This final value is your Minimum Required Funding for the period of Academic Training. You will need to provide documentation for funds that match or exceed this minimum.
Minimum Required Funding = (pgv * 1.25) * d / 365
Suppose you are calculating the minimum required funding for Academic Training that starts on June 1, 2017, and ends on May 15, 2018. Let us assume you have no J-2 dependents and you will be in Kansas while on Academic Training.
- pgv = $12,060 (for the 1-person household in the 48 contiguous U.S. states in 2017)
- d = 349
Min. Required Funding = ($12,060 * 1.25) * 349 / 365 = $14,414