UK to raise financial requirements for international students

Under the new rules stated on Tuesday, students must provide evidence that they can support themselves financially for each month of their course, up to nine months, according to The PIE News.

For students planning to study in London, the required monthly amount will rise to £1,483 ($1,949). Those studying outside of London will need to show evidence of at least £1,136 per month. Currently, international students in London must have at least £1,334 in savings per month, while those studying elsewhere in the country need £1,023 per month, the Economic Times reported.

Syed Nooh, Head of Global Insight and Market Development at the University of East Anglia, acknowledged that the increase is understandable given the rising inflation and living costs in the U.K. However, he warned that the country might become a less accessible option for international students, as more affordable study destinations are available worldwide.

The new requirements are set to take effect on Jan. 2 next year.