US Foreign Affairs Manual: 9 FAM 402.5-5(G)(1)-(U) Determining Financial Status of F-1 and M-1 Students (CT:VISA-2048; 08-15-2024) - (U)The sponsoring school is required to verify the availability of financial support before issuing the Form I-20. Schools may not be as well-versed in local documentation or cultural practices as you may be; therefore, you must still ensure that the student has sufficient funds to successfully study in the United States without being forced to resort to unauthorized employment.