Students who need to exchange Venezuelan Bolivar (VEF) into United Stated Dollars (USD) are required to provide verification to the Venezuelan Government of the cost of tuition at the student’s current university. At The University of Texas at Austin, verification is provided in the form of a letter by International Student and Scholar Services (ISSS).
Read below for additional information regarding this requirement and to learn how to obtain the appropriate CADIVI letter from ISSS to facilitate this process.
What is CADIVI?
CADIVI (Comisión de Administración de Divisas - Commission for the Administration of Currency Exchange) is the Venezuelan government body which administers currency exchange in Venezuela.
More information is available at the CADIVI website.
Who utilizes the CADIVI process?
Students, in valid F or J status, who are currently enrolled at UT Austin and who need to exchange VEF to USD to pay tuition at a favorable exchange rate are eligible to request the necessary paperwork from ISSS.
What is the process to request a CADIVI Letter from ISSS?
To request a CADIVI Letter from ISSS:
- Download and complete a CADIVI Letter Request Form
- Obtain a copy of the requested semester’s FINAL tuition bill from the Office of the Registrar
- Submit a completed CADIVI Letter Request and copy of final tuition bill to CADIVI@austin.utexas.edu
Based on the provided information, ISSS will issue an official and notarized tuition verification letter. Students will be notified via email when the letter is ready to be picked up.
Note: Processing times for CADIVI letter issuance is up to two weeks
What Details are Included in a CADIVI Letter?
The CADIVI letter will include
- Verification of student's enrollment
- Verification of current semester tuition and fees
- Verification of the prior semester’s classes, tuition and fees if applicable
Note: Only expenses that appear on the UT tuition bill can be included in the CADIVI letter
Here is an example of the CADIVI letter format. (PDF)
When can I request a CADIVI Letter?
Up to three CADIVI letters can be requested per semester. Please see below for the requirements and timeframes for requesting each letter.
- The initial CADIVI letter can be requested between the finalization of the requested semester’s tuition bill and the 12th class day. Initial CADIVI letter requests will not be accepted after the 12th class day. The 12th class day for spring 2015 is February 4th.
- A second CADIVI letter is available for students to confirm academic standing and final tuition bills at the end of the semester. This second letter may be requested from the last week of classes to the official graduation date of the requested semester. The official graduation date for spring 2015 is May 23rd. No secondary CADIVI letter requests will be accepted after this date.
- A third CADIVI letter is only available if one of the students' prior letters was rejected. In order to receive a revised CADIVI letter, the student must show proof of rejection from CADIVI as well as a list of changes that must be made to the letter.
CADIVI letters will be written in English and the ISSS signature will be notarized.
Note: It is the student’s responsibility to get the ISSS issued CADIVI letter translated into Spanish and notarized as a true and exact translation. UT Austin employs the following public notaries on campus:
- University Co-op, information desk (walk-in during business hours)
- ISSS (contact for availability)
- Student Legal Services (contact for availability)