The financial maintenance obligations for international students are set to alter by the UK government.The purpose of these modifications is to bring international students maintenance levels for the 2024–25 academic year into line with the maintenance loans given to domestic students. Below is a summary of the main modifications:
What Caused the Change?
Prior to this,domestic students maintenance loans determined the maintenance requirements for overseas students. But since 2020,there hasnt been a change to the requirements for overseas students.It’s critical to modify the financial expectations for international students in light of the growing expense of living and modifications to home student loans.
New Requirements for Maintenance:
International students requesting a visa as of January 2, 2025, will have to provide proof that they have sufficient money to maintain themselves while enrolled in their study. The following are the new maintenance levels:
- Monthly tuition for students in London is £1483, up from £1334.
- Monthly cost outside of London:£1136 (formerly £1023).
Up to a maximum of nine months,these monies must cover every month of their program.
Adjustments for Accommodation Offsets:
Additionally being modified is the accommodation offset, which enables students to demonstrate lower maintenance costs if they have previously made a deposit on housing in the United Kingdom. At the moment, the maximum offset is £13434, or one month’s maintenance for students in London. This is going to increase to £1483 in January 2025.
Impact on Present Candidates:
Prior to January 2,2025,students requesting visas will still be able to use the following maintenance levels:
- £1334 a month for students living in London.
- £1023 a month for students enrolled in programs outside of London.
The new tiers will take effect after this date.
What’s Next for Dependants?
The maintenance requirements for dependent students are also under review by the UK government.In the future,further information on this is anticipated to be released.
The government’s continuous efforts to maintain maintenance requirements equitable and commensurate with living expenses are reflected in these modifications,which guarantee that overseas students are adequately funded for their time spent studying in the UK.
