If you are planning to study in the UK, you will need to show proof of sufficient funds to cover your tuition fees and living expenses. This is a requirement for all international students who want to obtain a UK student visa. In this article, we will discuss how to calculate proof of funds for a UK student visa.
Step 1: Check the Required Amount
The first step in calculating your proof of funds is to check the required amount for your visa category. The amount you need to show depends on the length of your course, where you will be studying in the UK, and whether you will be living in London or outside London.
For example, if you will be studying outside London for a course lasting nine months or more, you will need to show £9,135 in funds to cover your living expenses. If you will be studying in London, you will need to show £11,385. In addition to this, you will also need to show the tuition fees for your course. Check eligibility https://apply-for-qts-in-england.education.gov.uk/eligibility/start
Step 2: Determine the Duration of Your Course
The next step is to determine the duration of your course. If your course lasts less than nine months, you will need to show funds to cover your entire course fees plus £1,334 per month for living expenses. If your course lasts for nine months or more, you will need to show funds to cover your entire course fees plus the living expenses amount specified for your location.
Step 3: Calculate Your Course Fees
The third step is to calculate your course fees. You can find this information on the university’s website or by contacting the admissions office. Make sure to calculate the entire amount for your course, including any additional fees.
Step 4: Determine Your Living Expenses
The fourth step is to determine your living expenses. This includes accommodation, food, travel, and any other necessary expenses. The amount you need to show depends on whether you will be studying in London or outside London.
Step 5: Add Your Course Fees and Living Expenses
The final step is to add your course fees and living expenses to determine the total amount you need to show in your bank account. Make sure to convert the amount to your local currency and keep the funds in your account for at least 28 consecutive days before applying for your visa.
In summary, calculating proof of funds for a UK student visa involves determining the required amount, duration of your course, course fees, and living expenses. Make sure to keep the funds in your account for at least 28 consecutive days before applying for your visa. With the right preparation, you can successfully demonstrate that you have the required funds to study in the UK. Also check How to Japa From Nigeria this Year