The amount of money required for a UK student visa application differs depending on the type of course you are applying for. In general, you will need to show that you have enough funds to cover your tuition fees and living expenses for the duration of your studying in the UK.
If you are applying for a Tier 4 (General) student visa, the amount of money required is determined by the location of your study and the length of your course. As of 2021, the basic living costs for a student in the UK are £1,023 per month for London and £827 per month outside of London.
For a Tier 4 (General) student visa, the minimum amount of money required to show that you can cover your tuition fees and living expenses for nine months is:
• £1,334 per month (for London) or £1,023 per month (for outside of London) for a maximum of nine months for a student in a course of study that is less than nine months long.
• £11,646 per year (for London) or £9,207 per year (for outside of London) for students studying in a course of nine months or longer.
The funds shown for a student visa application can either belong to the applicant or their parent or legal guardian. Additionally, the funds need to be in a bank account that has been present in a regulated financial institution for a minimum of 28 days before the submission of the visa application.
It is imperative to submit the correct documentation that shows that you and/or the sponsor have the funds required for the visa application. This includes bank statements and a letter of attestation.
Overall, when applying for a UK student visa, it is vital to ensure that the finances required can cover the cost of tuition and living expenses in the UK. Meeting this requirement will increase the chances of a successful visa application.