Proof of funds increased for international students who wish to study in Germany

Proof of funds, Study in Germany

For all student visa applications submitted from September 1, applicants will be required to transfer €10,236 into a blocked account, an increase from the current requirement of €8,640.

The blocked account is the most common means for international students for demonstrating that they have sufficient credit balances to cover the costs for the duration of their planned stay in Germany.

The monthly withdrawal limit from a blocked account will be increased from the current level of €720 to €853 from September.

As StudyTravel Magazine revealed earlier this year, Germany welcomed 374,583 international students in 2018, an increase of 4.4 per cent compared with the previous year and a new record for the country.

Germany, which offers virtually free public higher education for all students regardless of nationality, surpassed a target of hosting 350,000 students by 2020 three years ahead of schedule.

Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.