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Funds Required for Tier 4 Student Visa |
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Under Tier 4 you must have to prove that you have sufficient funds to pay for your tuition fees and living costs.
There are 10 points for Maintenance funds.
The money you need to show must cover your tuition fees for your first year of study and your living costs (for up to a maximum of nine months).
Students studying in London must show that they have sufficient funds to pay for their first year of tuition fees in full, plus £800 per month for living costs.
If you wish to bring your dependants with you to the UK you will need to evidence an additional £533 per dependant per month.
You must show original evidence of enough money to pay your fees for the first year and your monthly living costs for up to 9 months (or the length of the course if shorter). Following is the list of documents required to prove the funds available:- The required amounts are:
In London – course of 9 months or less: course fees plus £800 per month living costs
In London – course of more than 9 months: first year of fees and £7200 to cover living costs for 9 months
Outside London – course of 9 months or less: course fees plus £600 per month living costs
Outside London – course of more than 9 months: course fees plus £5400 to cover living costs for 9 months
- The funds must have been held for 28 days and have not dipped below the required amount on any day during those 28 days (Note: up until 1 June 2009 this requirement is waived – funds must be available at the time of application only).
- The evidence must be dated as a maximum of one month old at the date of biometrics being taken.
- We will use the closing balance of the document (such as a bank statement) as the level of funds available. The value in pounds sterling will be calculated for this date and amount.
- If submitting bank statements, your bank statements must show:
Your name (the account must be in your name, not anyone else’s – a joint account is acceptable as long as you are one of the holders named)
The account number
The date of the statement (maximum of one month old)
The financial institutions name and logo
The amount of money available
- If you use electronic bank statements every page must be stamped with the official bank stamp
- If submitting a letter from your bank, the letter must show:
Your name (the account must be in your name, not anyone else’s – a joint account is acceptable as long as you are one of the holders named)
The account number
The date of the letter (maximum of one month old)
The financial institutions name and logo
The amount of money in your account
That there has been enough money consistently in your account for 28 days to cover the maintenance requirements
- If submitting a loan in your name, this must show:
Your name
The account number
The date of the letter (maximum of one month old)
The institutions name and logo
Either the money in your account or the money available as a loan
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