How Much Money Do I Need?
The Home Office have strict financial requirements that you must meet to be able to get a student visa. Failure to have the required funds or to meet the requirements will result in your visa application being refused. All students must be able to show:
- Tuition fees for at least 1 year (or duration of course if less than 1 year), and
- Living costs
Living Cost Requirement
Studying outside London
Students will need to show £1,015 per month for a maximum of 9 months (£1,015 x 9). The maximum amount for the living cost requirement is £9,135. If your course is less than 9 months then you need to multiply £1,015 by the number of months of your course to have the required amount available. For example, if your course is 6 months, then you need to show that you have available on your financial evidence £6,090 (£1,015 x 6).
Studying in London
If you are applying to a university in London you must show £1,265 per month (£1,265 x 9 = £11,385).
If your course in London is for less than 9 months, you need to multiply £1,265 by the number of months of your course to have the required amount available.
Sponsored Students, Scholarships, Studentships
If your sponsorship, scholarship or studentship covers any or all of your living costs or maintenance, you can use your sponsorship letter to prove you meet the financial requirements in part or in full. If your sponsorship letter is only covering some of your course fees or living costs you must show that you have the rest of the money needed.
Paying UEA Accommodation in Advance
A maximum of £1,265 paid in advance to UEA for Accommodation (which will be listed on your CAS) can be deducted from the amount of maintenance you must show that you have, even if you have paid more than £1,265 in advance.
You must be able to show that you have funds for your tuition fees for one academic year or the full tuition fees if the course is one year or less. You can deduct the amount you have already paid to UEA for tuition from the amount required to show. The total amount of your tuition and the amount you have paid to UEA will be listed on your CAS. If you make a payment after you have received your CAS, you can request to have your CAS statement updated.
Any scholarships or studentships from UEA will be deducted from your course fees on your CAS and you do not need to show further proof of this. If you do not pay any course fees to UEA, your CAS will state £0.00 course fees.
If you are applying to come to the UK on a study abroad programme and pay your course fees to your home institution, your CAS will confirm this. If you are a fully funded student, for example being sponsored by your government, your CAS will state your full year course fees and you will need to show your sponsorship letter or certificate as proof of your funds.
Total Amount of Funds Needed for Maintenance (some examples)
This is only an example to help show how to calculate the total amount of funds needed.
£15,000 (Tuition - e.g.) + £ 9,135 (Living cost) = £24,135 (Total amount needeed on the financial evidence you provide)
£14,000 (Tuition - e.g.) - £7,000 (Tuition fees paid - as stated on your CAS - e.g.) + £9,135 (Living cost) - £1,265 (Accommodation fee paid to UEA - as stated on your CAS - e.g.) = £14,870 (Total amount needed on the financial evidence you provide).
Money needed for dependants
Any partner or children (also known as dependants) that you want to bring to the UK with you must have money in place to support them. The maintenance requirements for dependants of a Tier 4 (General) is £680 per month, for each month of the Tier 4 (General) student's course, up to a maximum of 9 months.
If you are going to study in London, each dependant must show £845 per month (£845 x 9 = £7,605).
A dependant of a Tier 4 (General) student on the Doctorate Extension Scheme must show that they have money for their living costs for each month of the Tier 4 (General) student's course, up to a maximum of 2 months.