Germany Hikes International Student Visa Funding Requirement by 6%

The latest news from Germany is of utmost importance to all students planning to pursue higher studies there. The German government has recently increased the funding requirement for student visa applicants, a crucial update that all prospective students must be aware of.

This increase, aimed at covering the living or tuition expenses during your study period in Germany, is proof of the fund requirement. Effective from the upcoming academic year, this change is a step towards ensuring a comfortable and secure stay for international students in Germany, a clear reflection of the government's unwavering commitment to student welfare.

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This has now been increased to Euro 11,904 from Euro 11208. This reflects an approximately 6% increase in the existing proof of fund requirement. It is not much considering a similar fee hike in many other countries like Australia, but students must be prepared for it.

So, how does one meet this proof of funds requirement? To meet these requirements, what documents should one submit with the German study visa application?

All submitted documents should be certified. They can consist of the family's income and asset statement or even a bank guarantee confirming the availability of funds. The most popular option to show proof of funds for a German study Visa is having a blocked account, which shows the minimum funds required for the student visa application for Germany.

The blocked account is well-liked and provides a particular feature for most banking institutions and financial service providers. So, why are these accounts blocked? This specific account is blocked because the students can withdraw funds only after reaching Germany. They must wait to withdraw the funds immediately in one go. There are specified monthly limits that they can withdraw from this blocked account.

When you compare this particular Euro 11904 requirement with that of other countries like Australia, Canada, and the USA, Germany continues to be a more affordable destination. It is almost the same, equal, more than the French fee, but nearly the same as the fee Ireland charges. However, the UK is comparatively more expensive. This affordability should give you confidence in your decision to study in Germany.

Germany is now among the most popular destinations for international students. In 22-23, almost 370,000 international students joined German institutions for higher studies. This marks the fifth year in terms of growth—five consecutive years for Germany to attract more students.

Connect Abhinav immigration services for all guidance, and whether admission or study visa requirement guidance in immigration services is there to help you. Call us at 8595338595 or drop an email to [email protected].