What Proof of Funding do I Need for a UK Student Visa?
As part of a student Visa requirement, international student may need to display sufficient financial capacity for the duration of your studies in order to be granted a student Visa. To show financial proof of living and studying in the UK, each applicant must show financial capacity to cover their stay. In order to display exact financial proof, each applicant can do so by means of showing:
- Bank letter (under you and/or your parents’ name)
- Bank account statement (under you and/or your parents’ name)
- Financial Sponsorship from an international organization approved by UKVI
- Government scholarship
- Student loan from the bank
Evidence of maintenance of account must show the funds have been held for a minimum period of 28 consecutive days finishing on the date of the closing balance shown on your bank statement. In order to ensure you are submitting the correct financial documents, contact Medical Travel Nigeria to review your checklist before submitting your Visa application.
To show financial proof of living and studying in the UK, each applicant must show financial capacity to cover:
- Tuition fees (for one academic year); 1st year’s fees or full course fees if the course is less than 1 year will usually be shown on your CAS letter for the amount you have paid for your tuition fee deposit
- Living expenses (for 9 months)
How much money should I have available?
You must show that you can meet both your tuition fees for the first year of your course and living costs of £1,023 per month for the duration of your course at up to a maximum of £9,207 (£1,023 x 9 months). Course lengths are always rounded up. For example, if your course is five months and two weeks long, you must have enough to cover six complete months, plus your tuition fees. Evidence of these sums of money must also meet specific requirements, and the immigration rules require that this money must have been held for a specific period. For any assistance
Because the total consists of living costs and outstanding tuition fees, you can reduce the amount you need to hold in a bank account by paying tuition fees in advance. If you are using currencies other than £GBP, like the Naira, be aware that exchange rate fluctuations can affect the amount you are deemed to hold. If at all possible, we strongly advise you to deposit more than you need as a ‘buffer’ against unexpected reductions in the value of your currency
You cannot rely on money held by other relatives such as siblings, uncles, aunts, your company, or church account and step-parents. Money held by a legal guardian is acceptable only if you can produce a certificate of adoption or court document naming your guardian, at least you and I know most Nigerians don’t have such or any legal document in this regards. Don’t get it twisted thinking you can use affidavits in place of official documents proving legal guardianship. Money for maintenance funds MUST be held by you personally or by a parent.
Need help? Our Immigration Advisers are happy to calculate your fixed sum for you. Call us on: 09091403251.