Funds Required : Money you Need

You must have enough money to pay for your course and support yourself in the UK.

Course fee

You need enough money to pay for your course for 1 academic year (up to 9 months). The amount you need to pay will be on your Confirmation of Acceptance for Studies (CAS).

If you’ve been in the UK with a valid visa for at least 12 months, you do not need to prove you have this money for your visa application.

Money to support yourself (‘financial requirement’)

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You’ll need to show you have enough money to support yourself - unless you’ve been in the UK with a valid visa for at least 12 months on the date of your application.

How much money you need depends on where you will be studying. You’ll need either:

• £1,334 per month (for up to 9 months) for courses in London

• £1,023 per month (for up to 9 months) for courses outside London

London means the City of London and the 32 London boroughs.

You must have this 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.

If you have a student loan, you’ll need to provide evidence of this from your loan.

When you do not need to prove you have money to support yourself

Types of funds you can rely on

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You can show you have enough money using:

• an official financial or government sponsorship or grant.

• a student loan from a government, government-sponsored loan company, or a regulated student loans scheme

• your own money

• your parent’s money (if they provide a letter confirming they agree to you using it this way)

• your partner’s money if your partner is present in the UK or applying at the same time

What evidence is not accepted

The following are not accepted as evidence to show you have the required amount of money:

• overdrafts

• bitcoin savings

• stocks and shares

• pensions

• bank accounts that are not regulated by the financial regulatory body in the country you’re applying from

• bank accounts that don’t use electronic record keeping

Control of the funds

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• You, or the account holder (such as your parents or partner), must have control of the funds you are relying on.

• You must show the funds have been held for 28 days unless you are relying on a student loan or official financial sponsorship.

• The bank statement(s) or evidence you use to show the funds have been held for 28 days must be from the 31 days before you submit your application. The 28 days is calculated from the date of the last transaction in the last dated bank statement.

Evidence you need to provide

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If you have a student loan

For student loans, you need to show a student loan letter which:

• is dated no more than 6 months before the date of application

• confirms the loan is a student loan provided by either the relevant government or a government-sponsored student loan company or an academic or educational loans scheme

• confirms there are no conditions on the release of the loan funds other than a successful application to study

• confirms the amount of the loan

• confirms the loan is for you

• is on official stationery

• confirms the funds will be available to you, or paid directly to the sponsor before you begin your course

If you’re using your own money

If you’re using your own money, your funds can be held in any form of personal or building society account including a:

• current account

• deposit account

• savings account

• pension savings

• investment account

Cash must be in an account that allows you immediate access.

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

• building society passbooks

• certificates of deposit

• a letter from your bank or building society

Your bank statement should show information like:

• the date it was issued

• your name (or the account holders name if it is your parent or partner)

• 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.

Student dependants must also each show funds of £845 for each month of your leave if you’re studying in London (for up to a maximum of 9 months). You need £680 for each month of your leave if you’re studying outside London (for up to a maximum of 9 months).