Finances and On-Campus Employment

US Bank Accounts

When you arrive on campus for International Student Orientation, International Student Services (ISS) will host a services fair that will bring US bank(s) to campus to help students set up a bank account To set up a bank account, students will need a passport and a minimum of a $25 cash deposit

Working at F&M

Jobs are available on campus for students who receive financial aid There is limited availability for campus employment for students who do not receive financial aid As an F-1 international student, the federal government does not allow you to work off-campus

If you obtain an on-campus job, International Student Services will help you obtain a social security number through the US Social Security Administration

Tax Form Filing

All international students, regardless of employment status, must complete income tax forms every spring . International Student Services will help F-1 students file their tax forms The software provided will determine applicable tax treaties Please note that ISS is not authorized to provide tax advisement

1042-S Tax

Students receiving financial aid should understand the 1042-S tax If their aid package covers room and board fees, that portion of the aid is subject to a tax of 14% Room and board given to students is considered a good or service, and this is taxable income

Affected students are assessed the tax every semester . They have the option of paying it (via their student bill) or adding it to their International Student Loan (the College then pays the federal government on their behalf) If tax treaties are present, students might receive back a portion of this tax when they file their tax forms each spring .