How much savings do I need to show for a student visa for countries like Germany, Ireland, Canada, Australia, New Zealand, and the UK?
You need to show proof of sufficient funds for tuition and living expenses when applying for a student visa. Here are the typical financial requirements for each country:
- Germany: About €11,904 in a blocked account for one year’s living expenses.
- Ireland: At least €10,000 for living expenses plus tuition fees for one year.
- Canada: Tuition plus CAD 10,000 - 15,000/year for living expenses (varies by province).
- Australia: Tuition, plus around AUD 21,041/year for living expenses and travel costs.
- New Zealand: NZD 20,000/year for living expenses, plus tuition and return airfare funds.
- UK: Tuition plus £1,329/month (up to 9 months) if in London, or £1,023/month outside London.
These figures are typical and subject to change. You can show these funds through personal savings, education loans, scholarships, or sponsorship.
Cash income, business income or no ITR?
See whether your funds and documents will pass the Australian visa check.
More Student visa questions
- Is a loan sanction letter from the government regulated Indian Bank accepted for a UK student visa application?
- How much bank balance is needed for an Italy student visa after failing math in 12th grade?
- Can I call my husband on a dependent visa after I go on a student visa for my masters abroad in UK/Ireland?
- Is it possible for my son, who is currently in twelfth grade, to study in New Zealand next year for a Diploma?
- Which countries have less strict or different financial requirements compared to New Zealand, especially regarding funding duration?
- Can other family members act as financial sponsors if my father’s income is insufficient in Germany?
- Is it necessary to include a cover letter explaining my financial arrangement, which combines a loan and personal savings, for my German student visa application?
- Can you track an Employment Pass application on the MOM portal when your employer files it?
More Australia questions
- Other than Canada and Netherlands, are there better countries to study science and technology in Germany/Singapore?
- What are some effective online German language classes for Indian students preparing to study in Germany?
- By when should my HEP point be completed, should it be this month to avoid delay in UK?
- Is Germany the best first priority country for my course and career scope for a Master's?
- Is January 2027 intake possible for masters in business analytics in UK/UAE?
- Why is the dMAT subject module called Battery Science and Technology in Engineering?
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- Is it possible to study computer science with specialization in artificial intelligence in UK/New Zealand for a Master's?
