Financial Requirements for a UK Student Visa

FINANCIAL REQUIREMENTS FOR A UK STUDENT VISA

To get a Visa to study for a program in the UK, certain requirements such as financial requirements are needed for a UK Student Visa. These requirements are not only educational documents like transcripts or degree certificates, identification documents like International passports, but also financial documents like bank Statements which is known as Proof of funds must be provided.

PROPER PLANNING TOWARDS GETTING A UK STUDENT VISA

It is no surprise that the UK is a magnet for international students as they have world-recognised universities and their degrees are known to be of a good standard. Also, tuition fees for universities in the UK are quite affordable therefore international students with the intention to study abroad in the UK must ensure that they make proper planning towards making their studies possible, so as not to lose out on a great opportunity.

Here at Negxy Concept Limited, we have counsellors that are assigned to put students (Clients) through all the processes on what to do after getting admission in the UK and generally what is involved in schooling abroad in the UK. Without this counselling, prospective study abroad students may lack proper planning on how to go about their admission process, what documents to be provided and the financial requirements needed.

Our Counsellors make students understand that aside from providing academic and identity documents, International students must ensure that they provide the financial requirement needed to get an admission and a UK Student Visa. They must ensure that they follow all the right procedures and make proper planning like :

Arranging their Finances
Read and Know more about the University
Providing all necessary documents etc.

FINANCIAL REQUIREMENTS NEEDED FOR A SUCCESSFUL ADMISSION AND VISA PROCESSING.

A student who is coming to the UK to study must be able to prove that they have enough money to support themselves through their studies in the UK, therefore, before they can be granted admission or a UK Student Visa they must meet all the Financial requirements.

Finances are among the necessary requirements needed to survive in the UK especially for an International student. The Financial requirements are:

Tuition Deposit: International students undertaking a full-time master’s degree are required to pay a tuition fee deposit after an offer has been granted and before an electronic Confirmation of Acceptance for Studies (CAS) can be issued. A CAS is an important electronic document issued to students before they can apply for their student visa. A Confirmation for Acceptance of Studies (CAS) can only be granted to a student if they meet all the conditions that are stated, like payment of tuition deposit and providing all necessary documents.

Tuition Fee: UK Universities have an annual tuition fee, which covers the cost of the tuition, examination and graduation etc. After a student has been issued CAS, the student should see the cost of their tuition fee written on the CAS document that was sent to them. These fees are payable at the start of the programme, however, different universities in the Uk have different payment methods that students should follow. Payment of tuition fees will ensure that the course of study is successfully completed.

Bank Statement: Providing a bank statement document is essential during a study abroad process, This is important because students need to display sufficient financial capacity to the University for the duration of their studies in the UK, they must show the financial capacity to cover their:

Tuition fee (For one academic year)
Cost of living

It has been confirmed that most universities in the UK demand to see a bank statement before granting admission to a student, as this serves as proof of funds. The duration of the bank statement that should be provided from the student’s bank account should be for 28days.

Cost of living: A student should have enough money for their living expenses while they study in the UK, such as their feeding expenses, transportation, hostel fee, these are known as the Cost of Living. The amount of money for the cost of living in the UK depends on the location of the University where a student intends to study. The cost of living for universities located inside of London is different from universities located outside of London. The cost of living inside the UK is 12,006 while universities outside the UK are 9,207.

Tuberculosis test fee: A Tuberculosis test must be presented during the UK Student Visa process, therefore international students should ensure that they have the Tuberculosis fee available before proceeding to apply for Visa.

IHS Fee: An Immigration Health Surcharge fee must be paid before a visa can be granted.

Visa Fee: International students must pay their visa fee before they can be called for a visa interview and before a UK student visa can be issued.

Speak with our counsellors today for detailed information on the financial requirements for a UK Student Visa and get the cost of all the required fees to be paid.

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?

Let us know your opinion and also how this blog post has helped you by leaving a comment.

Join us next Wednesday or any other Wednesday at 12 noon for another very educating Instagram Live session.

Our head office is located in the heart of Lagos, No 7 Alabi street, off Toyin street, Ikeja, Lagos.

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