THE United Kingdom (UK) government increased its financial requirement for students intending to study in the country, stating the new amount foreign students must show as proof of funds.

This development is set to take effect from January 2025.

The Home Office, which oversees immigration matters in the UK, issued out a new set of rules that includes the increased rates on Tuesday, September 10.

In the new immigration rules released, students moving to London will present evidence of having £1,483 per month while those looking to study outside London will need £1,136 per month.

According to the UK Home Office, the new financial data, which reflects an increase in living expenditures as part of a larger initiative to match financial needs with the state of the economy, will have an impact on students who intend to study in the UK.

The changes also intends to help domestic students stay up with inflation and growing living expenses in the UK, matching increases in maintenance loans available to them.

Students who intend to study in London for nine months or longer will therefore now have to show that they have a total of £13,348 in saving. This amount indicates the monthly requirement of £1,483 during a period of nine months.

The last adjustment for foreign students occurred in 2020, when the financial requirement for those attending London was set at £1,334 and for those attending cities outside of London at £1,023.