Studying abroad can be an expensive endeavor, and Finland is no exception. As an international student, you are required to demonstrate that you have sufficient funds to cover your living expenses during your stay in Finland. In this article, we’ll take a closer look at the financial requirements for studying in Finland and how much proof of funds you’ll need to provide.
How much proof of funds do I need to study in Finland?
The Finnish Immigration Service requires that international students demonstrate they have a minimum of €560 per month to cover their living expenses. This means that for a full academic year (10 months), you’ll need to show proof of funds of at least €5,600.
What expenses does the proof of funds need to cover?
The proof of funds must cover your living expenses, which include accommodation, food, transportation, and health insurance. The amount may vary depending on your location and lifestyle, but the minimum requirement is €560 per month.
What documents can be used as proof of funds?
Acceptable forms of proof of funds include:
- Bank statements
- Scholarship or grant award letters
- Proof of employment or sponsorship from a Finnish company
- Proof of funding from a governmental or non-governmental organization
- A financial guarantee from a Finnish resident who has sufficient funds
Can I work part-time to cover my expenses while studying in Finland?
Yes, international students in Finland can work part-time to support themselves while studying. Students from the EU/EEA/Switzerland are allowed to work without any restrictions, while non-EU/EEA/Swiss students can work up to 25 hours per week during the academic year and full-time during the summer months.
What happens if I don’t have enough proof of funds?
If you don’t have enough proof of funds, your student visa or residence permit application may be rejected. Therefore, it’s important to ensure you have sufficient funds to cover your living expenses before applying to study in Finland.
In conclusion, the financial requirements for studying in Finland as an international student are not overly strict, but it’s important to ensure you have sufficient funds to cover your living expenses. By understanding the minimum requirements and acceptable forms of proof of funds, you can ensure a smoother application process and a successful stay in Finland.
