Section 1: Purpose and Contents of this page:
This page has been made to provide guidance on the financial requirements for a Warwick Sponsored Student Visa application for:
- New Students
- Current Students who need to make a new Student Visa application due to:
The standard Student Visa application fee is currently:
Your application fee cannot come from your financial evidence, therefore you must have this in addition to your maintenance evidence.
Your application fee must be paid via credit or debit card, via the UKVI online application system.
Your application fee can be paid by anyone who has consented to let you use their card and funds.
You cannot submit a Student Visa application without paying the relevant application fee first.
You must pay the Immigration Health Surcharge (IHS)Link opens in a new window fee with every Student Visa application (even if it is for over lapping year)
The IHS fee is currently:
£776.00 per year.
This is calculated by the total time spent on a Student Visa in 6 month blocks of £388.00, and is always rounded up to the next 6 month block
It is charged on the basis of total amount of time spent on a Student Visa, which includes the UKVI Wrap up - See link regarding visa lengths below, not the course dates, and is always rounded up to the next 6 months - See section below for worked examples.
For example, if your course, as stated on your CAS, was:
30/Sep/2024 to 15/Mar/2025, your time on your visa would be over 7 months but less than 12 months, so you would pay £776.00.
30/Sep/2024 to 30/Jun/2025, your time on your visa would be more than 12 months but less than 18 months, so you would pay £1,164.00
30/Sep/2024 to 30/Sep/2025, your time on your visa would be more than 12 months but less than 18 months, so you would pay £1,164.00
30/Sep/2024 to 03/Jul/2027, your time on your visa would be more than 12 months but less than 18 months, so you would pay £2,328.00
30/Sep/2024 to 30/Sep/2027, your time on your visa would be more than 36 months but less than 42 months, so you would pay £2,716.00
Please click on the following link and read the guidance provided for more information on the IHS Fee:
You are required to show evidence of the following:
Sufficient funds to pay any outstanding course fees, as stated on the Confirmation of Acceptance for Studies.
Sufficent funds to cover your living costs.
Please see the next section for how to work these values out.
This will depend on your situation:
If you have legally been in the UK for 12 months or more and are applying in the UK:
If you are applying for Permission To Stay, that is, applying in the UK, and you have been living in the UK, with permission, that is, you have hold a visa that allows you to remain in the UK and allows you to switch to the Student Visa route, for 12 months or more before the date of application, you will meet the financial requirement and do not need to provide any evidence of this.
The only exception is if you have been absent from the UK for a substantial period of time (holidays and short absences of less than 3 months do not break the 12 months period), in which case you should prepare financial evidence as you may be asked to provide it.
If you are applying from outside the UK, or, have not been in the UK legally for 12 months or more:
If you are applying for permission to enter, that is, applying from outside the UK, or, are applying for permission to stay, and you have been in the UK with permission for less than 12 months, then you must have the following funds:
These will be:
New Students: Your 1st years fees in full
Current Students: Your remaining fees for your current year (if applying before end of the Autumn term), or, your next year's full fee (if applying after the end of Autumn term) - Please see your CAS.
These will be stated on your CAS.
Your CAS will also indicate any cleared payments you have made - this may be included in your initial CAS or sent to you as an email confirmation after receiving payment after a CAS is assigned.
You can also find your course fees on the following link:
If you have paid all or part of your course fees to Warwick, this must be confirmed on the Confirmation of Acceptance for Studies, or, you must provide a receipt confirming the amount of fees paid.
Studying in London - Only applicable to students as part of The Alan Turing Institute:
£1334.00 for each month of the course, up to a maximum of 9 months = £12,006
Studying outside of London (all other students studying at Warwick):
£1023.00 for each month of the course, up to a maximum of 9 months = £9,207
How long you have to of held the required funds:
If the length of your course includes a part of a month, for example, starting on 28/Sep/2020 and ending on 02/Mar/2021, then the time period will be rounded up to the next full month, so in this example, Sep 20 to Mar 21 = 6 months.
If you have paid a deposit to the University of Warwick for accommodation we are providing, this deposit, up to a maximum of £1,334, can be offset against the maintenance funds required.
Unless you are relying on a student loan or an award from a Government or international sponsorship agency, you must show that they have held the required level of funds for a 28-day period as calculated as follows:
The most recently dated piece of financial evidence must be dated within 31 days before the date of application.
The length of time for which funds are held will be calculated by counting back from the date of the closing balance (this is usually the date of last transaction if you are using a bank statement) on the most recently dated piece of financial evidence.
The financial evidence provided must cover the whole period of time for which the funds must be held.
If you are a Student Visa Low-Risk National, you will not be required to provide evidence of this at the point of application.
You may, however, be asked to provided the required evidence at a later date.
Therefore, you must meet the requirements above, and be able to provide evidence of this should you be asked to do so by the UKVI after you have submitted your application.
Please see the next section to see what is acceptable evidence of the above.
Assuming they meet the requirements, you can use:
- A periodical bank statement from a personal bank account in the applicant's name, or, in their Parent or Guardians name.
- A bank account transaction log from a personal bank account in the applicant's name, or, in their Parent or Guardians name.
- A bank letter from a personal bank account in the applicant's name, or, in their Parent or Guardians name.
- A full scholarship letter.
- Sponsor consent - you will NOT need to provide consent from a financial sponsor if you are applying for further leave to continue on the course for which sponsorship was granted, however, you WILL need permission from your sponsor if applying for further leave after you have completed the course you were sponsored for. For example, a Government sponsored PhD student will not need sponsor consent when making a further application for student leave to cover corrections, etc. but will need permission from the sponsor if applying to the Graduate Work Route after completing their studies, regardless of how long ago the last sponsorship payment was made.
- A partial scholarship letter - you will need to provide further evidence of your remaining fees and / or maintenance.
- A loan letter in the student's name.
- Certificate of Deposit in the applicant's name, or, in their Parent or Guardians name.
All evidence must be an original digital copy, or, a clear scan or photo of the original.
All evidence must be in English or Welsh, or, must have an official translation attached.
The UKVI utilises Electronic Bank Checks, therefore, once you have submitted your application, you SHOULD NOT use the evidenced funds, unless they are for costs associated with the course of study, i.e., course fees or deposit for accommodation.
If you do use them for your associated costs, you should keep ALL receipts for these costs, as you may have to provide evidence to the UKVI.
If you are using a Parent or Legal Guardian's account, you must also provide:
A letter of consent from your Parent/Legal Guardian
Proof of relationship:
Your birth certificate, showing your name and your parents name(s)
A court order of Legal Guardianship
Examples of acceptable evidence:
Please click on the following links to see examples of acceptable evidence.
Where money is held in one or more foreign currencies, this will be converted into pound sterling (£) using the spot exchange rate which appears on www.oanda.com for the date of application.
Funds will not be considered if they are held in a financial institution where any of the following apply:
(a) the decision maker is unable to make satisfactory verification checks
(b) the financial institution is not regulated by the appropriate regulatory body for the country in which that institution is operating
(c) the financial institution does not use electronic record keeping.
Overdraft facilities will not be counted towards meeting financial requirements.
If funds, savings or income were earned or acquired when the applicant was in the UK, they must have been earned or acquired lawfully and while the applicant had permission and was not in breach of any conditions attached to that permission.
Accounts relied on must be in your name, either alone or as a joint account holder, unless one of the following applies:
(a) the account is in the name of your partner who is applying for permission to enter or permission to stay at the same time or has been granted permission
(b) if you are applying as a Student, or dependant child, the account may be in the name of your parent, or your legal guardian (please note legal guardian are those issued with court order, usually applies if your parents are deceased or they have lost your custody).
You or the account holder must have control of the funds.
If you are applying as a Student, and you are relying on funds held in an account in a parent or legal guardian’s name as specified above, then, you must provide proof of that relationship, such as a valid Birth Certificate, or Court Order, if a using a legal guardian's account, and written consent from the parent or legal guardian to use those funds.
Using more than one account to meet the requirements:
You can use one or multiple accounts to meet the funds amout required.
All accounts used must meet the application requirements.
If you are submitting evidence from two or more accounts, the Home Office will assess the funds as being the closing balance of one account plus any additional money available to you on the date of that closing balance for which you have provided the required evidence.
The Home Office will always use the closing balance that most favours you. In this case, we would advise you to enclose a covering letter explaining how, with 2 accounts combined, you meet the Student visa requirement.
Promises of future third-party support will not be accepted as evidence of funds.
Support from other family and friends (such as auntie, uncle, sister, brother etc.) will not be accepted as evidence of funds either.
The most recently dated piece of financial evidence must be dated within 31 days before the date of application.
The length of time for which funds are held will be calculated by counting back from the date of the closing balance on the most recently dated piece of financial evidence.
You must show the funds have been held for 28 days, unless you are relying on a student loan or official financial sponsorship.
The bank statement(s) or evidence you use to show funds have been held for 28 days must be from the 31 days before you submit your application. The 28 days is calculated by counting back from the date of the closing balance on the most recent financial evidence.
Funds may be held in any form of personal bank or building society account, including current, deposit, savings, pension from which the funds can be withdrawn or investment account, provided the account allows the funds to be accessed immediately.
Funds held in other accounts or financial instruments such as shares, bonds, credit cards, pensions from which the funds cannot be withdrawn immediately, regardless of notice period, will not be accepted as evidence of funds.
If you are applying as a Student, you will meet the financial requirements if you provide the required evidence of any of the following, or a combination of them:
(a) money held in an account that meets the requirements set out above
(b) funds provided by an official financial sponsor, which must be Her Majesty’s Government, your national government, the British Council or any international organisation, international company, University or Independent School
(c) a student loan provided by:
(i) a government
(ii) a government sponsored student loan company
(iii) an academic or educational loans scheme which is provided by a financial institution regulated for the purpose of issuing student loans by either the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) or, in the case of overseas accounts, the official regulatory body for the country the institution is in and where the money is held.
Evidence of Financial Sponsorship for students:
An application as a Student must show funds provided by an official financial sponsor by either:
(a) the CAS stating details of the funds being provided, if the University of Warwick is providing financial sponsorship;
(b) a letter of confirmation from the official financial sponsor.
Where you are relying on a student loan, as stated in the section above, you must show evidence of the student loan by providing a student loan letter from the lender which must:
(a) be dated no more than 6 months before the date of application
(b) confirm the loan is a student loan provided by either the relevant government or a government sponsored student loan company or an academic or educational loans scheme
(c) confirm there are no conditions on release of the loan funds other than a successful application to study in the UK as a Student or Child Student
(d) confirm the amount of the loan
(e) confirm the loan is to the applicant
(f) confirm the funds will be:
(i) available to you before you travel to the UK
(ii) paid directly to the student sponsor before you travel to the UK, with the living cost portion of the loan being made available to you by the time you arrive in the UK
(iii) available before you begin your course if the loan is provided by your national governmentm
(g) confirm the lender meets the requirements for a Student visa (i.e, the letter must contain a statement confirming that it is a Student loan that is provided by your government, or, your government approved student loan company, or, an academic or educational loans scheme which is provided by a financial institution regulated for the purpose of issuing student loans by either the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) or, in the case of overseas accounts, the official regulatory body for the country the institution is in and where the money is held)
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