Total points required are 40
- 30 points for Certificate of Acceptance from a
Registered Sponsor
- 10 points for Funds available
Money needed (also known as maintenance or funds)
- The money you need to show covers your course fees
for your first year of study and living costs for up to
a maximum of nine months. The amount you will need
depends on whether you are applying as a child or adult.
- Your money must be held in cash. (Shares, bonds,
pension funds and similar savings accounts will not be
accepted).
- You must show that you have held the money for at
least 28 days prior to the date of application.
Calculating overseas money:
If you are using overseas currency, we will expect you to
show (write on the document) the closing balance in pounds
sterling. You may use the official exchange rate on the
OANDA website, which can be found at
www.oanda.com/convert/classic.
How many points do I get for money (also known as
maintenance or funds)?
As an
adult student, you get 10 points if you have enough
money to cover the course
- Fees and living costs shown below. This is
known as the maintenance (funds) requirement.
- You will not have access to most state
benefits (known as public funds) so must have
- Enough money to support yourself so you do
not face financial difficulties.
What money do I need?
The money you need depends on the length of your
course and where you will study.
Type of
Course
|
Location
|
Funds
required
|
Nine months
or less
|
In London
|
Course
fees And
£800 to cover living costs for each calendar
month of the course
|
Nine months
or less
|
Outside
London
|
Course fees
and
£600 to cover living costs for each calendar
month of the course
|
More than
nine months
|
In London
|
First year
of fees
and
£7,200 to cover living costs for nine months
in the United Kingdom
|
More than
nine months
|
Outside
London
|
First year
of fees
and
£5,400 to cover living costs for nine months
in the United Kingdom
|
If you have already paid some of your fees or
accommodation before applying for your visa, this
amount will be taken away from the total amount of
money you need to show. For accommodation, this only
applies if you are staying in university or college
arranged accommodation.
PROOF OF PAYMENT AND AVAILABILITY OF FUNDS:
There are three different elements of money you must
show – the cost of your course fees, money already
paid and money to be paid.
Element of
money you must show
|
What you
must provide
|
Cost of the
course fees
|
Your visa
letter from your approved education provider
showing the cost of your fees.
|
Money
already paid
|
·your visa
letter showing what you have already paid;
or
·official receipt confirming you have paid
some or all of your fees;
or
·secure on-line access details to your
approved education provider’s financial
systems to verify some or all of the fees
have been paid; and/or
·if we are unable to access their financial
systems, we may contact your approved
education provider to verify the fees paid.
If you are using a bank loan as your
evidence, the bank must be regulated by an
official regulatory body and you must
provide a document from the bank confirming
the loan.
|
Money to be
paid
|
You must
show you have enough money to pay your fees
for the first year and your monthly living
costs for up to nine months (or for the
length of your course if it is shorter than
nine months).
|
Unsupported and online receipts are not acceptable..
This is also the date we will use to check the value
of your money in pounds sterling.
Proof of availability of finances
Personal bank or building society statements
covering the 28 day period immediately before the
application
your personal bank or building society statements
should show:
- your name; or
- the name of a child’s parent(s) or legal
guardian(s) (if applying as child student) ; and
- the account number; and
- the date of the statement; and
- the financial institution’s name and logo;
and
- The amount of money available
- You can use bank statements that are for a
specific purpose (also known as ad hoc) printed
on the paper with the letterhead of the bank as
evidence as long as they include all of the
information above. You cannot use
mini-statements from cash points.
- You can use electronic bank statements from
an online account if they include all the
information above. Each electronic bank
statement should be stamped by the official
stamp of the bank on every page of the
statement.
- If you want to use a joint account as proof
of your money, you must be named on the account
along with one or more other person.
|