To apply for a study visa in the UK, you need to show that you have enough money to cover your tuition fees and living expenses. Here’s a breakdown of the financial requirements and factors you should consider:
Financial Requirements
Tuition Fees
- Amount: The amount you need to show for tuition fees depends on the course and institution. Typically, you should show that you have enough to cover the first year of tuition fees.
- Proof: Provide an official letter from the university detailing the course fees and the amount you have paid or need to pay.
Living Expenses
- Amount: You need to show that you have enough money to cover living costs for up to 9 months.
- In London: ￡1,334 per month
- Outside London: ￡1,023 per month
Total Financial Requirement
- For a course longer than 9 months:Tuition fees for one academic year (usually between ￡10,000 - ￡20,000 depending on the course and institution).Living costs for up to 9 months.Example:
- Tuition Fees: ￡15,000
- Living Costs (London): ￡1,334 x 9 = ￡12,006
- Total: ￡27,006
Duration for Showing Funds
- Time Frame: You must have had the required money for at least 28 consecutive days. The end date of the 28-day period must be within 31 days of the date you apply for your visa.
Acceptable Proof of Funds
- Bank Statements: Showing the required amount has been in your account for at least 28 days.
- Bank Letter: From a regulated financial institution confirming you have sufficient funds.
- Student Loan Letter: From a government or regulated student loan provider.
- Official Financial Sponsorship: Letter from a government, international scholarship organization, or a university scholarship.
Additional Factors
- Dependents: If you are bringing dependents (spouse/children), you need to show additional funds for each dependent:In London: ￡845 per month for each dependent.Outside London: ￡680 per month for each dependent.
Example Calculation for a Student in London with One Dependent
- Tuition Fees: ￡15,000
- Living Costs for Student: ￡1,334 x 9 = ￡12,006
- Living Costs for Dependent: ￡845 x 9 = ￡7,605
- Total: ￡34,611
Summary
- Tuition Fees: Ensure you have enough to cover one academic year.
- Living Costs: Show funds for up to 9 months based on your location.
- Proof of Funds: Ensure the money has been in your account for at least 28 days.
- Additional Funds: If bringing dependents, show additional funds for each.
By meeting these financial requirements, you can strengthen your UK study visa application and demonstrate your ability to support yourself during your studies.
For the most accurate and detailed information, please refer to the official UK Government website on student visas (GOV.UK) (GOV.UK) (GOV.UK).
