To obtain a student visa for Australia, you generally need to demonstrate that you have enough funds to cover your tuition fees, living expenses, and other costs associated with studying in Australia. The specific financial requirements may vary depending on the course you're studying, the duration of your stay, and the location in Australia.
Starting from May 10, 2024, there will be an increase in the minimum financial requirements for applicants of student and student guardian visas in Australia.
Here's an outline of the new funds that applicants need to demonstrate to meet the minimum financial capacity requirement:
| Financial requirement before 10 May 2024 | Financial requirement after 10 May 2024 | |
|---|---|---|
| Primary applicant | AUD24,505 | AUD29,710 |
| Spouse or de facto partner of the Student primary applicant (not applicable to Student Guardian applicant) | AUD8,574 | AUD10,394 |
| Dependent child | AUD3,670 | AUD4,449 |
| Annual school costs | AUD9,661 | AUD13,502 |
| Personal annual income if there is no member of the family | AUD72,465 | AUD87,856 |
| Personal annual income where there is a member of the family unit | AUD84,543 | AUD102,500 |
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