This video is all about funds requirement of Australia to get a Valid student study visa of Australia . This video will also discuss sponsors of your studies in Australia and will also let you know ‘How many months old funds are needed in Australia ?’ . And this video will also discuss the source or the form of funds which can be shown to get a Visa of Australia.

The success of the Australian Student visa (Subclass 500) getting approved is highly dependent on fulfilling the financial requirements. It is the most crucial step while applying for a student visa. As an international student, this can be a bit overwhelming to arrange the appropriate documents because this is very sensitive and at times complicated. However, Australian Student Visa Financial Requirements are like any other visa application requirement and if you do enough research this may not be much of a problem for you.

How to show funds for Australian Student Visa?
As an international student, you need to provide enough evidence of funding that can cover your course fee, living cost, travel cost, and if applicable living and travel cost of your spouse or dependent. You have to ensure this flow of funds throughout the time of your study.

There are 2 options for you to show your Australian student visa financial requirements:

Option 1: You can provide evidence of funds that can cover your course fee, travel, and living expenses for 12 months. This includes the expenses of your accompanying family members as well.

Option 2: Show evidence of your annual income which meets the requirements set by the Government of Australia to be eligible for a student visa. This can be either the income of your parents or spouse.

There are few acceptable ways in which you can show your financial evidence for the Australian Student visa.

Deposit of money from a financial institution (Bank Balance)

Loans from a financial institution

Government loan

Any private or government scholarship / other financial support

What is the total funds required for Australian student visa?
The total fund required for Australian Student visa mostly depends on the course fee if you go for Option 1. For Option 2 there is a fixed amount of income that you have to show as proof of financial security.

Australian student visa financial requirements for Option 1: 12 months Fund

The living cost for a single student for 12 months is AUD$21,041. For a spouse/dependent an additional AUD$7362 has to be provided. If the dependent is under 18 the additional amount is AUD$3152.

If in your student visa application you have added schoolaged children to be accompanying you, then the cost of school is also added to your Australian visa financial requirements. The cost can vary from state to state but it is approximated as AUD$8000 per year.

In addition to these, AUD$2000 is required as your travel expenses and your course fee for a year which can range from AUD$20,000 AUD$50,000 depending on your university.

Australian student visa financial requirements for Option 2: Annual Income

In this case, you have to show an annual income of at least AUD$60,000 of your own or your parents’. The income of your spouse is also considered here. Here, the parents or spouse who is sponsoring must not travel with the student.

For any dependent traveling with the student, AUD$70,000 has to be shown as proof of annual income.

How to Calculate funds for Australian Student Visa?
The total fund required for your student visa can be easily calculated if you know the cost breakdowns. Whether you go for a 1 year course or 3 years, your proof of funds for Australian student visa must cover 12 months of your study initially.

Your documentation needs to be solid and authentic to ensure the Australian government that you have enough financial resources or steady income in order to cover your living expenses and course fees after 12 months.

The easiest way to calculate the fund is by adding up all the expenses.


If you are going to apply with the financial proof of yearly income, it is advised to demonstrate a yearly income of AUD$62,000 for a single student and AUD$72,000 if you are dependent to be on the safe side. However, this may vary from country to country and is frequently updated by the Australian Home Affairs office.

Also please remember there is a visa application fee, which is AUD$630 for Subclass 500 and an additional AUD$470 for any dependent.

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