Changes in German Student Visa Financial Requirements 2020
If you are someone who is looking forward to Study in Germany in 2020, there is a change in one of the German Student Visa Requirements that you should be aware of. The Fund requirements to show the Immigration, that you have enough finances to fund yourself during your stay in Germany is one of the essential requirements to get the student visa. For the students applying to German Universities after September 2019, a new rule applies. Here is all you need to know:
German Student Visa Financial Requirements:
For the student willing to study in Germany, a blocked account called Sperrkonto is required as their proof of funds. There is a minimum amount required as per the Federal Foreign Office of Germany, to get the student visa. For years, the financial requirement for that has been around 8530 euros for the first year.
In a recent change, Germany has increased the German Student Visa Financial Requirements to 10,236 euros a year. This is an increment in the amount by 20% from the previous amount. The changes have been made to adjust to inflation. Students can withdraw a fixed amount from the blocked account every month. From 1 September 2019, the withdrawal amount limit will be also increased to 853 euros from 720 euros before. With that, the government does not want students to take too much of the part-time work on their hands that it disturbs their Study in Germany.
The new rules, as mentioned, will be in effect from the January 2020 Intake, for the students applying after 1st September 2019. For more information on Upcoming intakes check here : Intakes in germany
Other Requirements for Student Visa in Germany
Germany Student Visa Checklist:
- Here is a checklist of the documents required to study in Germany for international students:
- Duly Filled Application form for German Student Visa
- Two Passport size photographs
- A valid passport
- Admission Letter from a German University
- Transcripts and Certificates of previous education
- Proof of Student Visa Financial Requirements
- Valid Health Insurance
- Visa Fee Payment Receipt
- Proof of Language Proficiency
German Student Visa Processing Time:
The processing time for the student visa in Germany can take from 25 days to three months at the maximum. Therefore students are advised to apply for the German Student Visa as soon as they receive the confirmation from the university they have applied to.
About the Author:
Dhruv is fond of words and everything related to them. Writing about different things from around the world gives him immense pleasure, and a very healthy by-product is sharing of the information and helping others in the process.