Studying abroad is an exciting opportunity to gain a world-class education, develop new skills, and experience different cultures.
However, international students must carefully consider not only tuition fees but also the proof of funds requirements imposed by many countries as part of the student visa process.
Proof of funds ensures that students can support themselves and any accompanying family members without relying on work, covering tuition, living expenses, and travel costs.
While some countries have modest financial requirements, others are known for their high cost of living and rigorous financial thresholds, making them among the most expensive destinations for students.
In these countries, students are typically required to demonstrate access to $10,000 or more per year in addition to tuition fees before a visa can be issued. This financial requirement can significantly influence a student’s planning, from budgeting for accommodation and food to managing travel and healthcare costs.
The combination of high-quality education and strict financial thresholds often reflects the advanced infrastructure, global rankings, and lifestyle standards of these destinations.
In this guide, we highlight the top 10 study destinations with the highest proof-of-funds requirements, helping prospective students understand the financial commitment involved and plan effectively for a successful study-abroad experience.
- Proof of funds: $38,195Â
Switzerland is widely recognized for its world-class education, offering top-tier facilities and expert faculty. Earning a Swiss degree can significantly enhance career prospects, making it an attractive destination for international students.
However, studying in Switzerland comes with financial requirements that must be carefully considered, particularly when applying for a student visa. Swiss law mandates that students demonstrate proof of funds amounting to 30,000 CHF($38,195) per year to cover living expenses.
A typical student budget (excluding tuition, which varies by institution) includes:
- Supplies: CHF 100/month (CHF 1,200/year)
- Accommodation: CHF 700/month (CHF 8,400/year)
- Food: CHF 20/day (CHF 600/month; CHF 7,200/year)
- Clothes & personal items: CHF 150/month (CHF 1,800/year)
- Health insurance: CHF 90/month (CHF 1,080/year)
- Transport: CHF 60/month (CHF 720/year)
- Other (phone, internet, Billag): CHF 150/month (CHF 1,800/year)
Total living costs: CHF 1,850/month or CHF 22,200/year. Tuition fees range from CHF 500 to 4,000 per semester, depending on the university.
