Please note that the amount of money required to meet the finance requirement of the application is increasing. It will affect all applications made (submitted and paid for) on or after 2 January 2025. In this section we have given both the required funds for applications made before and on or after 2 January 2025.
If you will receive official financial sponsorship from your government, or an international sponsorship agency:
If your sponsorship covers all your tuition fees and living costs (at least £1,023 per month of your course, or £1,136 per month if you apply on or after 2 January 2025) please go straight to part 7.
If your official financial sponsorship does not cover all your tuition fees, or all your living costs (less than £1,023 per month, or £1,136 per month if you apply on or after 2 January 2025), you will need to cover the shortfall with your own funds as detailed below.
If you or your parents will pay for your studies, you are 'self-funding':
You will need to demonstrate you have an amount of money, that is equal to at least the sum of:
- your outstanding tuition fees
- plus £1,023 per month of your course (or £1,136 per month if you apply on or after 2 January 2025) for your living costs, up to a maximum of £9,207 (£10,224 if you apply on or after 2 January 2025).
For example, if your tuition fees are £15,000 and your course is for three years you will need to have at least £24,207 (£15,000 for fees plus £9,207 for living costs) to meet the maintenance requirement of the visa. If you apply on or after 2 January 2025 you will require £25,224 (£15,000 plus £10,224).
The funds will need to be in your name, a parent’s name or if applicable, your partner's name, but only if they are applying at the same time as you or already have immigration permission for the UK.
If your funds are in a currency other than pounds sterling (GBP)
You need to use the OANDA website to convert the funds into pounds sterling (GBP). If your currency does not feature on OANDA you will need to use the Foreign, Commonwealth & Development Office (FCDO) consular services abroad exchange rates.
UKVI uses the exchange rate on the date of your visa application to determine the amount of funds. You need to consider this if your currency is fluctuating against sterling at the time of your application. If this is the case, it is safer to hold more money than required to guard against a depreciation of your currency against the pound.
If you have paid for your tuition fees or halls of residence before the date of the visa application
You can deduct any tuition fees, including your tuition fee deposit, you pay to the university before you make the visa application from the amount of money you require.
For example, in the case above if your tuition fees are £15,000 per year and you have already paid the tuition fee deposit of £5,000 and a further £4,500 towards tuition fees, before the date you apply for the visa, then you will need to have at least £14,707 (£5,500 for fees plus £9,207 for living costs). If you apply on or after 2 January 2025, in this example, you will need to have at least £15,724 (£5,500 for fees plus £10,224 for living costs).
Payments for university halls of residence but not privately rented accommodation can be reduced from the total amount you need to show for your maintenance, but only up to a maximum of £1,334 (£1,483 if you apply on or after 2 January 2025).
For example, even if you have paid £4,000 towards your halls of residence you can only reduce the living costs you require by £1,334 from £9,207 to £7,873. If you apply on or after 2 January 2025 in this example you would be able to reduce the living cost requirement by £1,483 from £10,224 to £8,741 (£10,224 less £1,483).
Updating your CAS with a fee payment
Any payments for tuition fees or halls of residence you make before the date of the visa application must be shown on your CAS to be considered. To update your CAS please follow our updating CAS number with fee payments guidance.
Please note that although the university does accept payment of tuition fees by instalments, UKVI requires the balance of the fees that you owe to be shown in your account, regardless of any arrangements you make with the university to pay fees.
Applying with your dependants?
If you are also applying for your dependants to join you in the UK during your course the amount of money you will require is much higher. Please see section 12.
Using the funds after you apply for the visa
You should note that you are required to keep the required funds in your account until the date on which UKVI makes its decision on your application. The balance can be lower than it was on the date of application but only if you have used the funds for tuition fees, an accommodation deposit or other costs related to studying in the UK.
It is rare for UKVI to request bank statements on the date of decision but if they do, you will need to show you have the same funds as on the date of application or if the balance is lower you have used the funds as described above.