Can you show sufficient funds to be granted a Student visa?

International students are required to demonstrate and/or declare that they have genuine access to sufficient funds to be granted a Student Visa. Applicants may have to demonstrate sufficient funds to cover these expenses for the first one or two years in Australia, depending on their assessment level.

This helps to ensure students are better able to make the most of their studies and have a safe and enjoyable experience in Australia. Funds should be sufficient to contribute to the cost of travel, tuition, school costs of any dependents, and living costs.

The financial requirements per year outlined in the tables below apply from 1 July 2012.

Students

Expenses Per Person Amount required in AUD
Travel Applicant Return air fare to Australia
Family members One return air fare to Australia per person
Tuition Applicant Course fees
School-age
children aged 5-18
AUD 8 000 per year
Living Applicant AUD 18 610 per year
Partner AUD 6 515 per year
First child AUD 3 720 per year
Each other child AUD 2 790 per year

Student Guardians

Expenses Per Person Amount required in AUD
Travel Applicant Return air fare to Australia
Children aged under 6 years of age One return air fare to Australia per person
Living Applicant AUD 18 610 per year
First child aged under 6 AUD 3 720 per year
Each other child aged under 6 AUD 2 790 per year

Range of factors considered

Decision makers will consider a range of factors in determining whether funds demonstrated or declared will be genuinely available to contribute to the cost of studying and living in Australia.

These factors may include:

  • the applicant’s previous financial and immigration history
  • the employment history of the applicant or the person providing them with financial support
  • the source of the income used (such as cash assets or a bank loan).

Where there is doubt about an applicant’s ability to access their claimed funds in Australia, the applicant may be requested to provide further information.
Example: Applicants relying on a bank loan may need to show that these funds have been deposited into a bank account to which they have unrestricted access, and that they have the financial capacity to service the loan both before they depart for Australia and once they arrive.

For more information and personalised help with student visa matters please contact our principal migration consultant in Sydney