Income requirement for students
It is your responsibility to ensure that you have sufficient financial resources for living in Finland. It is difficult for students to find jobs in Finland. When you apply for your first residence permit for studies, you cannot secure your income with work.
Before you arrive in Finland, make sure that you have enough funds for the entire time your studies will take. A residence permit for studies can be granted for two years, if you can prove that you have sufficient financial resources for your entire stay in Finland. You must have at least EUR 560 at your disposal every month to be able to pay for your accommodation, food and other needs. For a two-year stay, you must have EUR 13,440 at your disposal. If you only want the residence permit for one year at a time, you must have EUR 6,720 at your disposal in your own bank account. We will assess your means of income every time you submit an application to us. If necessary, we will ask you to submit additional documentation of the source of the assets.
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 means of support with work. However, your work may not slow down your studies. Your studies must progress at a normal pace.
If you study at an institute of higher education or a university, your studies 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 financial resources to be able to live in Finland.
If you pay the tuition fee only after arriving in Finland, you must attach documents to your residence permit application to show that you have the necessary funds to pay your tuition fee and to support yourself in Finland. You cannot pay the tuition fee using the funds reserved for your day-to-day living.
If you have been awarded a grant to cover your tuition fee, attach a certificate of the scholarship from your educational institution to your application. In addition, you need to have sufficient financial resources to be able to live in Finland.
Please remember that you must pay the tuition fee every academic year. When you are studying, you will not be able to work enough to save up the money to pay your tuition fee.
How do I prove my income?
- You should attach a bank statement to your application, showing that you have the necessary funds in your bank account. The bank statement must show the name of the account holder, the name of the bank, and the currency.
- You must have the necessary funds in your own bank account that is in your personal use only.
- 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.
- 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 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, a deposit in a Finnish bank account is the easiest and most reliable way to show that you have secure means of support.
- If the attachments are not in Finnish, Swedish or English, please have them translated by an authorised translator and attach the translations to your application.