The UK Home Office has proposed new regulations that would result in increased financial obligations for international students intending to study in the country starting in January 2025.
The amount of savings that students must prove when applying for a visa will increase as a result of the changes, which were made public on September 10, 2024.
The new regulations require overseas students who want to study in London to provide evidence of savings of £1,483 per month.
Students who intend to further their education outside of London will need to demonstrate that they can sustain themselves with £1,136 a month.
The current requirements, which are £1,023 for students outside of London and £1,334 for those located in the city, have been increased to reflect these revised data.
The adjustments have to do with the maintenance loans that are accessible to students studying in the United States; nonetheless, the amounts haven’t changed since 2020.
Further on this story
The Home Office has affirmed that in order to stay up with inflation and rises in domestic maintenance loans, the financial requirements will henceforth be evaluated on a monthly basis.
Students in London will have to demonstrate that they have a total of £13,348 in savings for a nine-month term.
Applicants may find some respite if they have already paid a deposit for their accommodations, as this reduces the requirement for proof of money.
Furthermore, proof of savings will not be required for students who have resided in the UK for at least a year under a different visa route.
The NHS surcharge for visa applicants will rise to £776 year in February 2024, adding to the already heavy financial burden placed on international students. Other expenses include tuition and immigration fees.
The UK is still a well-liked location for overseas students in spite of the rising costs.
Students applying on or after January 2, 2025, will be subject to these modifications.
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