Overseas students need to also prove they have the minimum level of funds needed to complete their course, amounting to their university fees plus £800 per month for a course of less than 12 months, or their fees plus £9600 in total for a student on a course of more than 12 months.
"We feel this amount is the minimum level of funding needed to reflect the rising costs associated with biomedical research," the letter reads.
So while credit card companies are required to communicate the "cost" of making the minimum payment on account balances, those managing 401(k) assets aren't required to communicate the "cost" of retirement adequacy and the minimum contribution needed to fund that goal.
In the last few years, some funds have increased the minimum investment needed to open an account, others have added fees on accounts below a certain size and some have done both, industry analysts say.
When GMAC announced its application last month, it told Forbes.com it's planning to use the governments expected Troubled Assets Relief Program funds to reach the minimum capital needed to transform itself into a bank.
In the first scenario, the fund gets $13 billion, the minimum investment needed for the organisation to tread water.
As Nette Compton from The Trust for Public Land explained, in limited space and with minimum funding, environmental benefits are not enough; there need to be economic, community, and educational benefits, too.
We think of this threshold as the "Mendoza Line," a baseball term we've adapted to track the minimum growth needed to get access to venture funding.
You have part of my attention, the minimum amount needed.
Gui: Our minimum funding level is $1.8 million.
All have backed Stevens's blueprint for the service's future, the NHS Five Year Forward View, and have pledged to find the £8bn of extra funding by 2020 he says is the minimum needed to keep the service sustainable.
