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 fund; $32,000-$43,000
Prospective F-1 and M-1 students must demonstrate they have sufficient funds to cover tuition, books, living expenses, and travel while studying in the United States.
Before a Form I-20 (“Certificate of Eligibility for Nonimmigrant Student Status”) can be issued, designated school officials (DSOs) collect proof of the student’s financial ability.
Students must also present this evidence when applying for a U.S. student visa at the Department of State and may need to show it again upon arrival at a U.S. port of entry if requested by Customs and Border Protection.
At Maryville College, international students are required to show that they or a sponsor have enough funds to cover at least one year of study, including tuition and living costs. The typical range for available funding is $32,500 to $43,000 per year, depending on any scholarship received.
This proof can include bank statements, sponsor letters, or other verifiable financial documentation.
