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 funds; $11,779Â
Applicants for a New Zealand student visa must demonstrate they have sufficient funds to support themselves throughout their stay, covering living costs, travel and any additional obligations.
For tertiary, English-language or other non-compulsory studies, students are required to show NZD 20,000 ($11,779) per year, or NZD 1,667 per month for courses shorter than 12 months.
Children studying at primary or secondary level must show NZD 17,000 per year, or NZD 1,417 per month for shorter programmes. Prepaid accommodation, such as school-arranged homestays, may be deducted from this amount.
Applicants must also prove they can leave New Zealand, either through a fully paid outbound ticket or sufficient funds to purchase one. Pregnant applicants are required to show an additional NZD 9,000 for maternity healthcare, unless eligible for publicly funded services.
Funding can come from personal savings, an approved sponsor, or a third party, provided the funds are genuine, verifiable and accessible during the stay.
