BREAK-DOWN OF FUNDS NEEDED TO STUDY IN THE UK
Before making plans for your studies, you are advised to enquire about the funds needed, to ensure that you are capable of studying and living in the UK. However, know that Negxy Concept Limited got you 101% of the time, this is why we will be writing the breakdown of funds needed to study in the UK just for you!
To successfully study in the UK, you need to be able to bear the cost (the funds) that is needed for both your admission process and also your visa process. Let us give an example on the breakdown of funds needed to study in the UK with a student going to study Management and International Business at Birmingham City University.
FUNDS NEEDED FOR YOUR ADMISSION PROCESS TO THE UK
Students who have received an unconditional offer to study Management and International Business at Birmingham City University for September 2022 intake should already be aware of the tuition fee and cost of living in the UK.
The tuition fee for International students studying this course is £16, 300 per year for 2022 September and January 2023 intakes, and the cost of living in Birmingham City (Outside London ) is £9, 207.
After an unconditional offer is received, students are expected to pay up their tuition deposit. The tuition deposit for Birmingham City University is £3000. Once this payment is made, the students can deduct this amount from the Tuition fee, in order to know how much is left to pay.
£16, 300 – £3000 = £13, 300
This means that the student is left to pay £13, 300.
Birmingham City University requires student’s bank statements (proof of funds) to be shown before a Pre-Cas interview can be done or a CAS can be received.
I am sure you wonder, how do you calculate your bank statement?
It is your Tuition balance + Cost of living
Which is £13, 3000 + £9, 207 = £22, 507
When doing your conversion to Nigerian currency we always advise students to add an extra 50 – 70 Naira, due to currency fluctuations
For example, using bank rates, £1 = 557 Naira, however, we always advise students to make use of 620 Naira.
Therefore, for conversion, multiply the sum total of your tuition balance and cost of living by 620 Naira.
22,507 X 620 = 13,954,340
The student must show a bank statement with the sum total of 13,954,340 Naira and these funds must be in their account for 28 and the latest 29 days.
FUNDS NEEDED FOR YOUR UK STUDENT VISA
After CAS has been received, the students are expected to prepare for the UK Student visa, they should be aware of the funds needed for this process.
For the UK Student Visa, students are expected to do a Tuberculosis test, pay for a Visa fee and an IHS fee.
Tuberculosis Test is 57, 800 naira
Visa Fee is $500
IHS Fee is $1003 for 12 months course.
In essence, the funds needed for students going for Management and International Business at Birmingham City University should be over 15, 000, 000 Naira.
However, it is important to reach out to our counsellors on the breakdown of funds needed to study in the Uk, as these prices and fees are often updated. Stay updated on the funds needed to study in the UK at all times.
Negxy Concept Limited is a study abroad agency in Lagos with over 5000 successful admissions and visas under her belt.
Some of our clients say that we are the best study abroad agency in Lagos and others say we are the No 1 study abroad agency in Nigeria, but what do you think?
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