Financial  requirements for student visa to Australia

You need to have sufficient funds to cover the first year of your course, 12 months living expenses – approx $21000 – and a return airline ticket. If there are a additional family members then you’ll need additional living expenses funds for them and perhaps funds to cover education fees of a child.

You need to have enough money that is genuinely available to you to pay for your course fees, travel and living costs for you and your accompanying family members while you are in Australia.

  1. Example 1: if your course fee is AUD50,000 for three years, determine the fee for one year (12 months) by dividing the total amount by the number of years. …
  2. Example 2: If your course fee is AUD15,000 for ten months, and you have already paid AUD5,000, deduct this prepaid amount from the total amount.

You may want also to check:

Living costs in Australia

Source of funds for student visa Australia

All costs are per year in Australian dollars. To convert to your own currency, visit http://www.xe.com/(open in a new window)

The Australian Government provides information and guidance on managing your finances. You can read more at www.moneysmart.gov.au(open in a new window)

The ‘Insider Guides Cost of Living Calculator’ is also a useful tool to help estimate your cost of living(opens in a new window) in Australia www.insiderguides.com.au/cost-of-living-calculator/(open in a new window).

 

If you need immigration advise or assistance, please call 1300 10 50 50 or contact our consultants.  You may also book an online appointment with our Lawyers or Migration Agents.