If you will receive official financial sponsorship from your government, or an international sponsorship agency
If your sponsorship covers all your tuition fees and living costs (at least £1,023 per month of your course) please go straight to part 7. If, however, your official financial sponsorship does not cover all your tuition fees, or all your living costs (less than £1,023 per month), you will need to cover the shortfall with your own funds as below).
If you, or your parents, will pay for your studies, you are 'self-funding'
You will need to demonstrate you have an amount of money, that is equal to at least the sum of your outstanding tuition fees plus £1,023 per month of your course for your living costs, up to a maximum of £9,207. For example, if your tuition fees are £15,000 and your course is for three years you will need to have at least £24,207 (15,000 for fees plus 9,207 for living costs) in your name, or a parent’s name, to meet the maintenance requirement of the visa.
If your money is held in a currency other than pounds sterling (GBP)
You need to use the OANDA website to convert the funds into pounds sterling (GBP). UKVI uses the exchange rate on the date of your visa application to determine the amount of funds. You need to consider this if your currency is fluctuating against sterling at the time of your application. If this is the case, it is safer to hold more money than is required to guard against a possible depreciation of your currency against the pound.
If you have paid for your tuition fees or halls of residence before the date of the visa application
You can deduct any tuition fees, including your tuition fee deposit, you pay to the university before you make the visa application from the amount of money you require. For example, in the case above if your tuition fees are £15,000 per year and you have already paid the tuition fee deposit of £5,000 and a further £4,500 towards tuition fees, before the date you apply for the visa, then you will need to have at least £16,707 (7,500 for fees plus 9,207 for living costs).
Payments for university halls of residence but not privately rented accommodation can also be reduced from the total amount you need to show for your maintenance but only up to a maximum of £1,334. For example, even if you have paid £4,000 towards your halls of residence you can only reduce the living costs you require by £1,334 from £9,207 to £7,873.
Any payments for tuition fees or halls of residence you make before the date of the visa application must be shown on your CAS to be considered.
Please note that although the university accepts payment of tuition fees in three instalments, UKVI requires the balance of the fees that you owe to be shown in your account, regardless of any arrangements you make with the university to pay fees.
Applying with your dependants?
If you are also applying for your dependants to join you in the UK during your course the amount of money you will require is much higher. Please see section 12.
Using the funds after you apply for the visa
You should note that you are required to keep the required funds in your account until the date on which UKVI makes its decision on your application. The balance can be lower than it was on the date of application but only if you have used the funds for tuition fees, an accommodation deposit or other costs related to studying in the UK. It is rare for UKVI to request bank statements on the date of decision but if they do, you will need to show you have the same funds as on the date of application or if the balance is lower you have used the funds as described above.