
The United Kingdom government has introduced stringent new financial requirements for foreign students planning to study in London for nine or more months.
Effective January 2, 2025, students must now show proof of at least £13,348 in savings before applying for a visa. According to the Home Office, this amount reflects the updated monthly living costs, which are set at £1,483 for students residing in London and £1,136 for those studying outside the capital.
This marks an increase from the previous rates of £1,334 for London and £1,023 for other UK cities. "The adjustment is intended to align the financial requirements for foreign students with the revised maintenance loans available for domestic students," stated a Home Office representative. "This ensures that both groups have adequate funds for living expenses."
The changes aim to provide a balanced financial environment for all students studying in the UK, ensuring that they can comfortably cover their living costs amidst the rising cost of living in the country.
For Nigerian students and other international nationals, this means that before even applying for a student visa, they must demonstrate substantial financial stability.
The new rule shows the importance of being financially prepared to meet the higher living costs associated with studying in the UK.
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