Before beginning your travel to the University of Cincinnati, please remember that your initial expenses here will be considerably higher than those you will incur later. Therefore, it is necessary for you to bring at least $2,000 in United States currency or traveller’s checks to cover these expenses. Even if you are going to receive financial support from the University, your first check will not be available upon your arrival. The University issues paychecks on the first of the month for the previous month. Therefore, it will be at least October 1st (possibly November 1st) before you receive your first stipend check! Before you can expect any money from the University, you will need to pay tuition, fees, health insurance, buy books for your classes, make a security deposit on your apartment, pay the first month’s rent, and buy food and other necessities! You must figure your finances carefully and plan on these expenses without help from the University.
To prepare to meet your financial needs for the entire year, you should make the necessary arrangements with your government, your sponsor, and any banks involved to ensure that these funds will be available to you. Remember that checks drawn on foreign banks will require several weeks to clear and therefore you will not have access to those funds right away! In order to have money available to you upon arrival, the necessary funds should be transferred to a local bank in Cincinnati at least one month prior to your arrival!