The admissions committee of Columbian College of Arts and Sciences has reviewed your application and determined that you are academically qualified to pursue graduate work leading to the Ph.D. program in the field of Economics for the Fall 2012 semester. The applications for University Fellowships and Graduate Teaching Assistantships have been reviewed and I regret to inform you that we are not able to offer you an award. Before final action can be taken on your admission, you need to certify that you have sufficient funds to complete your degree program. As proof of funding, you must submit a satisfactorily completed copy of the Visa Request Form, certifying that you will have available at least $(US) 44,741.00 for your first academic year at the University and indicating a source of support for each additional year.