For the first time since 2020, the UK has increased the amount of money that International students must save. International students entering the UK are required by law to show that they have enough money saved “for each month of their course (up to nine months),” according to the Home Office.
New regulations
The new regulations stipulate that students intending to study outside of London must have £1,136 per month, while those arriving in London must provide proof of having £1,483 per month.
International students studying in London are currently required to provide proof of monthly savings of £1,023 and students studying outside of London required £1,334.
According to a study, the amount of money is dependent on changes in the maintenance loans that are accessible to domestic students; however, this hasn’t been updated since 2020.
Students who arrive in the UK on or after January 2, 2025 will be subject to the new rules, which were announced on September 10, 2024. According to the administration, these financial requirements will be updated on a regular basis to account for changes in home maintenance loans and inflation.
When applying for a visa, students who intend to study in London for nine months or longer will have to show proof of having saved a total of £13,348.
According to the government, if students have paid a deposit for their accommodation in the UK, they can still “offset” their proof of funds and show fewer maintenance funds.
Furthermore, you are exempt from demonstrating maintenance funds if, as of the date of your application, you have been in the UK via a different route for at least a year.
