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.
Thinking about adding more courses to your study load? If you manage your time well, have clear goals, and feel confident in your current workload, you might be ready for the challenge! Just be sure to meet Australia's visa requirements like full-time enrolment, academic progress, and health insurance. With the right support and planning, expanding your studies can open up even more opportunities. Ready to take the next step? We're here to guide you!
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As an International student on Students Visa (Subclass 500) for Australia, you are required to adhere to the conditions listed in your visa. If you do not comply with any of these conditions you will be held in breach of your visa conditions.
Navigating the requirements of a student visa can be challenging for international students in Australia. While most are aware of the basics, there are some important conditions that can easily be misunderstood or overlooked.
| 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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