Here you will find information about the Student visa financial requirement. 

Overview of financial requirement for new students

If you are applying for Student visa entry clearance, you will be required to provide evidence that you meet the financial requirements outlined in the Student visa guidance. The financial requirement states that you must have enough money to cover any unpaid tuition fees for your first or next year of studies, plus living costs for each month of your studies, up to a maximum of 9 months.

If you are a GCU Glasgow student, the amount of living costs you need to demonstrate per month is £1015.

If you are a GCU London student, the amount of living costs you need to demonstrate per month is £1265. This is due to the higher cost of living in London.

A student studying at GCU Glasgow on a course longer than 9 months would require a total of £9135, plus outstanding tuition fees.

A student studying at GCU London on a course longer than 9 months would require a total of £11385, plus outstanding tuition fees.

Dependants

If you have any dependants applying with you, they also need to demonstrate sufficient living costs.

Dependants in Glasgow need to have £680 per month for each month of leave (visa) that will be granted, and dependants in London need to have £845 per month for each month of leave (visa) that will be granted, up to a maximum of nine months.

Dependants can rely on funds held in the main applicant’s bank account or their own bank account.

Students funded by parent

If you wish to use a bank account in your parent's or guardian's name (or names), you must also include evidence of their relationship to you.

This evidence of your relationship with your parent(s) or legal guardian(s) can be: 

  • your original birth certificate, or a notarised copy, showing the name of your parent(s) whose bank account you are using for your immigration application
  • if you are adopted, the original certificate of adoption, or a notarised copy, showing your name and the name of your parent(s) whose bank account you are using for your immigration application
  • if you have a legal guardian, an original court document, or notarised copy, which shows the name of your guardian(s) whose bank account you are using for your immigration application

In addition to this you will also need to provide:

  • A letter of support from your parent/legal guardian - a sample has been provided below to assist you
  • Copies of their bank statements which meet all requirements outlined in the Student visa guidance.
Government Sponsorship

An official financial sponsor is defined as:

  • the UK government
  • your home government
  • the British Council
  • any international organisation
  • an international company (the Home Office has not defined 'international company' but it seems to mean a company with a trading presence (an office) in more than one country)
  • any university
  • an Independent School

If you receive funding from any of the above sources, you will need a letter from them confirming how much money they will contribute towards your course fees and maintenance. The letter must show:

  • your name
  • the name and contact details of the official financial sponsor
  • the date of the letter
  • the length of the sponsorship
  • the amount of money the sponsor is giving to you, or a statement that all course fees and living costs will be covered.

If your official financial sponsor is not covering all of your course fees and maintenance, you must be able to demonstrate that you have the rest of the money required. 

Company Sponsorship

An International Company is one which has a trading presence in more than one country.

This means that the company must have an office in more than one country. The company must also be able to provide evidence of this such as their registration certificate or licence number in that country or a VAT/TAX letter displaying the address of the office in that country.

The UKVI will verify that this evidence is genuine both online and through access to other internal resources.

If the company who is sponsoring you meets this requirement then they must also provide you with a letter which details the terms of that sponsorship. This letter must meet the requirements outlined in the Student visa guidance. If you have any questions you can contact visa@gcu.ac.uk.