'Financial requirements' refers to the need to show that you have enough money to pay for your course fees and your living costs. The Home Office calls this the 'financial requirements'.
For Student permission applications made in the UK from 9.00 am on 5 October 2020, you will be exempt from meeting the financial requirements if you have been living in the UK for 12 months or more with permission at the time of your application.
Similarly, if you apply from either inside or outside the UK under the Student route as a Student Union Sabbatical Officer or as a doctor or dentist in training on a recognised foundation programme, you also will be exempt from meeting the financial requirement. This also applies to applications made from 9.00 am on 5 October 2020. Please refer to paragraph ST 12 of Appendix Student of the Immigration Rules for further details.
If you are applying from outside the UK or if you have been living in the UK with immigration permission for less than 12 months, you must meet the following financial requirements:
Course fees
You must have enough money to pay for the course fees for the first year of your course, or the entire course if it is less than one year long. If your CAS has been issued for further study on a course that you are already part-way through, the 'first year of study' means the first year of this new period of study. The Home Office will use the details in your CAS to confirm how much money you need for your course fees.
If you have already paid all your course fees, or for study abroad or other course with no fees, your CAS will confirm this.
Living costs
The Home Office uses fixed amounts, which may or may not reflect your actual living costs.
If you wish to study in London, you will need £1,334 for each month of your course, up to a maximum of nine months. This means that if you will be studying in London for a course that lasts one month only, the amount that you will need is £1,334.
If you will be studying in London for a course lasting nine months or more, the amount that you will need is £12,006. If you are not sure whether you will be studying in London, ask your Student sponsor.
Please note that the monthly figure for study in London will increase to £1,483 per month for applications on or after 2 January 2025.
For study elsewhere in the UK, the monthly amounts are lower: you will need £1,023 for each month of your course, and up to £9,207 for a course lasting nine months or more.
Please note that the monthly figure for study outside London will increase to £1,136 per month for applications on or after 2 January 2025.
Use the course start and end dates on your CAS to calculate the length of your course and therefore how many months' maintenance you will need. If the length of your course includes a part of a month, round it up to a full month. For example if your course dates are 30 May until 1 October, this is four months and two days so you would need to show five months' of funds.
Deductions
You can deduct the following from the total amount of money that you need as part of your immigration application:
- money that you have already paid to your Student sponsor towards your course fees, and
- up to £1,334 that you have already paid to your Student sponsor for your accommodation fees, if you will be living in university or college accommodation (please note that this figure will increase to £1,483 for applications on or after 2 January 2025)
You cannot deduct any advance payment for any other type of housing, nor can you adjust the amounts if you will have no housing costs (for example if you will be living with a relative free of charge).
Your CAS may include details of any money paid to your institution. If not, you will need to provide a paper receipt confirming how much you have paid towards your course fees and/or your accommodation fees.
Low-risk applicants who have a receipt do not need to include it with the application.