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.
To study in South Korea, international students must gain admission to a recognized institution and demonstrate proof of funds, typically $10,000 or more for a D-2 student visa.
Funds can be shown via a bank account in the student’s name or a parent’s, with proof of relationship. Other requirements include a passport valid for more than six months, health certificates, criminal record clearance if required, and an admission offer from a Korean university. After six months, students can work up to 20 hours per week, which helps cover living costs and gain experience.
Typical tuition fees range from ₩4–10 million (~NPR 4–10 lakh) for bachelor’s programs and ₩5–12 million (~NPR 5–12 lakh+) for master’s or PhD programs. Living costs in Seoul and other major cities are ₩12–18 million per year, with smaller cities slightly cheaper. Top fields of study include engineering, computer science, business, health sciences, AI, robotics, and cultural studies.
