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Income requirement for students

You can be granted a residence permit for the entire duration of your studies. You need to be able to support yourself in Finland. When you apply for your first residence permit for studies, you cannot secure your income with work.

Add to your application proof of how you will finance your stay in Finland during the first year of studies 

You must have sufficient funds for living in Finland during the entire period of validity of your residence permit. You need to have at least 560 euros per month at your disposal to be able to pay for your accommodation, food and other needs.

  • Add to your application proof of how you will finance your stay in Finland during the first year of studies.
    • You must have EUR 6,720 in your bank account when you submit the application.
  • If your studies will take less than one year, you will need to have 560 euros per month at your disposal.
     

Some educational institutions support their students’ residence in Finland

  • If the educational institution provides you with free accommodation, you need to have at least EUR 280 per month at your disposal.
  • If the educational institution provides you with free accommodation and free meals, you need to have at least EUR 195 per month at your disposal.

When you are applying for an extended permit, you may secure your resources with work

However, your work may not slow down your studies. Your studies must progress at a normal pace.

You can work without restrictions if your work is related to your degree. This means practical training or diploma work as part of the degree. In addition, you may work in paid employment for a maximum of 30 hours per week. The number of working hours can be exceeded some weeks, as long as the average working hours are no more than 30 hours per week at the end of the year.

Tuition fees

Studies at higher education institutions or universities are usually subject to a fee.

If you pay your tuition fee before arriving in Finland, 

  • please attach documentation of the paid fee to your residence permit application. 
  • In addition, you need to have sufficient funds for living in Finland.

If you pay the tuition fee only after arriving in Finland,

  • please attach to your residence permit application documents showing that you have the necessary funds to pay your tuition fee and to support yourself in Finland. 
  • Funds intended for living in Finland cannot be used to pay the tuition fee.

If you have received a scholarship to cover your tuition fee,

  • please attach a certificate issued by your educational institution of the scholarship to your application. 
  • In addition, you need to have sufficient funds for living in Finland.

How do I prove my income?

Add to your application proof of how you will finance your stay in Finland during the first year of studies.

Attach a bank statement (from the past three months) to your application, showing that you have enough money in your bank account. The bank statement must show the name of the account holder, the name of the bank, and the currency. 

  • You need to have enough money in your own bank account that is in your personal use only.
    • You can have a bank account in any country, as long as you can use it in Finland. You must be able to withdraw money from the account when you are in Finland.
    • If you are under the age of 18 or an exchange student, the bank account can be a joint bank account that you share with your guardian. The bank statement must include a statement of your right to access the bank account.
  • Sponsorship agreements provided by relatives, friends or employers are not acceptable. The funds must be in your own bank account. 
    • If you have received the funds for instance from your parents or relatives (a sponsor), we may ask you to submit additional documents on the origin of the funds.
  • If your educational institution provides you with for instance free accommodation and meals, you should attach to your application a certificate of the benefits offered by your educational institution.
  • If you have been awarded a grant or scholarship by a state, an organisation or an educational institution, please attach the grant or scholarship decision to your application.

When applying for an extended permit,

  • please attach a bank statement to your application, showing that you have enough money in your bank account. 
    • A deposit in a Finnish bank account is the easiest and most reliable way to show that you have sufficient financial resources.
  • please attach to your application your employment contract and a pay statement for the past three months, if you are employed.