Applicants aged under 24 years need to proof that they can afford EUR 533.85 per month to cover the cost of living. Students of 24 and older need to proof that they can afford EUR 966.65 per month. The visa will be issued for a duration of 1 year so the total amount of EUR 6,406.2 (533.85×12) – under 24 years – has to be shown to the authorities (scholarship, bank deposit, proof of regular payments made to your bank account). In case the visa application is turned down, ITM College will return the full amount of the first study year and the accommodation deducted by an EUR 500.00 handling fee. All bank charges are covered by the applicant.