Demonstrating financial capacity is crucial when applying for an Australian Student Visa (Subclass 500). As of May 10, 2024, Australia has set clear guidelines on the minimum funds you must show to secure your visa.
You must prove you can cover:
Updated Annual Living Expenses (AUD)
These figures are minimum requirements—your actual costs may vary significantly based on location and lifestyle.
Here's how to calculate the total amount required:
Example Scenario:
Providing Acceptable Financial Evidence
Ensure you provide legitimate financial evidence through:
Note: Bank statements alone are not accepted.
Simply having the money isn't sufficient. You must prove genuine access through:
Certain applicants have alternative proof methods:
Gather and organize your financial documentation early for a smoother application process.Always refer to theAustralian Department of Home Affairs or consult a registered migration agent for personalized advice.
Australia is one of the top destinations for international students, offering high-quality education, vibrant cultural experiences, and excellent career opportunities.
This blog offers a quick guide on how to apply for scholarships—starting with researching options, preparing documents, writing a strong personal statement, and submitting your application on time. It also highlights the importance of following up after applying. Plus, expert help is available to support students every step of the way, especially those aiming for top universities.
Navigating the complexities of a student visa in Australia can be daunting, especially when it comes to understanding the various conditions attached to your visa.
| Course | Bachelor’s Degree | Master’s Degree | Requirements or Considerations | English Language Proficiency (IELTS/TOEFL) | Tuition Fees (per year for international students) | Top Universities |
|---|---|---|---|---|---|---|
Nursing | 3 years | 1-2 years | Clinical placements required; may need specific health immunizations. | Minimum IELTS 6.5; TOEFL 79-93. | AUD $30,000 - $45,000 | University of Sydney, University of Melbourne, Monash University |
Information Technology | 3-4 years | 1-2 years | May require programming skills or prior coursework in IT. | Minimum IELTS 6.5; TOEFL 79-93. | AUD $30,000 - $50,000 | Australian National University, University of New South Wales, University of Melbourne |
Accounting | 3 years | 1-2 years | Need to meet accreditation standards by professional bodies. | Minimum IELTS 6.5; TOEFL 79-93. | AUD $30,000 - $40,000 | University of Melbourne, University of Sydney, University of Queensland |
Engineering (various fields) | 4 years | 1-2 years | Strong background in mathematics and physics required. | Minimum IELTS 6.5; TOEFL 79-93. | AUD $35,000 - $45,000 | University of New South Wales, University of Sydney, Monash University |
Social Work | 4 years | 1-2 years | Practical experience or placements required. | Minimum IELTS 7.0; TOEFL 94-101. | AUD $28,000 - $40,000 | University of Melbourne, University of Sydney, University of Queensland |
Education (various fields) | 4 years | 1-2 years | A police clearance and working with children check required. | Minimum IELTS 7.0; TOEFL 94-101. | AUD $28,000 - $35,000 | University of Melbourne, University of Sydney, Monash University |
Psychology | 3 years | 1-2 years | Requires strong research and psychological theory understanding. | Minimum IELTS 7.0; TOEFL 94-101. | AUD $30,000 - $45,000 | University of Sydney, University of New South Wales, University of Queensland |
Occupational Therapy | 3-4 years | 1-2 years | May require pre-registration or relevant clinical experience. | Minimum IELTS 7.0; TOEFL 94-101. | AUD $30,000 - $45,000 | University of Queensland, University of Sydney, Curtin University |
Architecture | 3-4 years | 2 years | Includes technical and creative coursework, portfolio may be required. | Minimum IELTS 6.5; TOEFL 79-93. | AUD $35,000 - $50,000 | University of Sydney, University of Melbourne, Monash University |
Medicine and Health Sciences | 5-6 years | 2-4 years | Highly competitive entry, includes clinical placements and internships. | Minimum IELTS 7.0; TOEFL 94-101. | AUD $45,000 - $70,000 | University of Melbourne, University of Sydney, Australian National University |
| State/Territory | Subclass 190 (Skilled Nominated Visa) | Subclass 491 (Skilled Work Regional (Provisional) Visa) |
|---|---|---|
| New South Wales (NSW) | Required for some occupations | Required for some occupations and regions |
| Victoria (VIC) | Required | Required |
| Queensland (QLD) | Not typically required, conditions apply | Required for some occupations and regions |
| South Australia (SA) | Not typically required, conditions apply | Required for some occupations and regions |
| Western Australia (WA) | Not typically required | Not typically required |
| Tasmania (TAS) | Not typically required, conditions apply | Not typically required, conditions apply |
| Northern Territory (NT) | Not typically required | Not typically required |
| Australian Capital Territory (ACT) | Required, uses Matrix system | Required, uses Matrix system |
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