To apply for a UK Student visa, you must meet the financial requirement of 2023 to prove that you've sufficient funds to pay your course fees as stated on CAS.
Depending on your circumstances and the type of course, you must have enough money to pay for your course and support yourself during your stay in the UK.
Table of Contents
- What are the UK Student visa financial requirements?
- What is UK Student visa?
- UK Student visa funds calculator
- UK Student visa financial evidence
- Bank statement for student visa
- Financial requirements and the 28-day rule
- Nationalities that don't need to show financial evidence
- Frequently asked questions (FAQs)
- Need legal advice or help from an immigration lawyer?
What are the UK Student visa financial requirements?
You must have enough money in your bank account to support yourself while you are studying in the UK which is the key financial requirement of a UK Student visa.
The total money you need in your bank account to meet the financial requirements depends on the course fee and the location where you will be studying.
Studying in London
If you are studying in London then you should have sufficient funds to pay any outstanding course fees as stated on the CAS (Confirmation of Acceptance for Studies), and £1,334 for each month of the course (up to a maximum of 9 months).
Studying outside London
If your educational institution is outside London then you should have sufficient funds to pay any outstanding course fees as stated on the CAS (Confirmation of Acceptance for Studies), and £1,023 for each month of the course (up to a maximum of 9 months).
If the applicant is applying for entry clearance or permission to stay and is applying as a Student Union Sabbatical Officer or to study on a recognised foundation programme as a doctor or dentist in training, they will meet the financial requirement and do not need to show funds.
What is UK Student visa?
A UK student visa, also known as a Tier 4 (General) student visa, is a type of visa that allows non-EEA (European Economic Area) and non-Swiss nationals to come to the UK to study at a recognized educational institution. This visa is designed for individuals who wish to study full-time in the UK for a period longer than six months.
To be eligible for a UK student visa, you must have been offered a place on a course of study at a licensed Tier 4 sponsor, be able to demonstrate that you have enough money to cover your course fees and living expenses in the UK, and meet the English language requirements.
UK Student visa funds calculator
This is how you should calculate your funds and provide a bank statement accordingly to meet the UK Student visa financial requirements.
|Area||Money you will need|
|Studying in London||Outstanding course fee + £12,006|
|Studying outside London||Outstanding course fee + £9,207|
- Outstanding course fees as stated on the CAS
- £1,334 x 9 = £12,006
- £1,023 x 9 = £9,207
UK Student visa financial evidence
If you're using your own money and not relying on a student loan, your money can be held in any form of personal or building society account including a:
- current account
- deposit account
- savings account
- pension savings
- investment account
All the funds must be in an account that allows you instant access.
Money must have been acquired legally and if you were in the UK you must not have earned them when working illegally.
If you're using your own money, or that of a parent or partner you’ll need to show you have the required amount of money in an account. You can provide:
- bank statements
- certificates of deposit
- building society passbooks
- a letter from your bank or building society
Your bank statement should contain the following information:
- Bank statement issue date
- Account holder name
- the name of the bank or building society
- balance on the account
You can provide a download of electronic bank statements as long as it has this information. You do not need to have these stamped by the bank.
Bank statement for student visa
The bank statement(s) or evidence you use to show funds have been held for 28 days must be from the 31 days before you submit your application. The 28 days is calculated by counting back from the date of the closing balance on the most recent financial evidence.
Financial requirements and the 28-day rule
You must show that all the funds have been held for 28 days in your bank account unless you are relying on a student loan or official financial sponsorship.
Contact an expert immigration lawyer in Manchester at Rex Law Chambers to get reliable & confidential immigration advice and legal assistance with a UK Student visa application or any other immigration matter.
Nationalities that don't need to show financial evidence
UK Student visa applicants don't need to meet the financial requirements if they are national of any of the following countries:
- Republic of Cyprus
- Czech Republic
- The Dominican Republic
- New Zealand
- South Korea
- United Arab Emirates
- United States of America
Contact our experienced and friendly immigration lawyer on 0161 989 9370 or fill in our enquiry form to get reliable & confidential immigration advice and legal assistance with a UK visa application or any other immigration matter.
Frequently asked questions (FAQs)
UK Student visa allows international students to work for a maximum of 20 hours per week during term time including paid or unpaid work. A student visa issued for full-time degree-level studies allows you to work full-time during official vacation periods.
Home Office usually takes 3 weeks to process a UK Student visa application from outside the UK. Time starts once you attend your appointment at the visa application centre.
The earliest you can apply for a visa is 6 months before you start your course.
If studying in London, you should have enough money in your bank account to pay the outstanding course fees and £1,334 for each month of the course (up to a maximum of 9 months).
If studying outside London then you need money in your bank account equivalent to your outstanding course fees and £1,023 for each month of the course (up to a maximum of 9 months).