How Much Funds Are Required for an Australia Study Visa Application?

If you’re planning to study in Australia, one of the most crucial aspects of your visa application is proving that you have sufficient funds to cover your tuition, living expenses, and other costs while studying. The Australian government requires international students to demonstrate their financial capacity as part of the study visa process. Failing to show enough funds can result in visa rejection, so it’s essential to understand the exact financial requirements before applying.

In this blog, we’ll walk you through the key aspects of the funds required for an Australia study visa application.

Funds required for an Australia Study Visa Application

1. Tuition Fees

The first major expense to consider is your tuition fees. The amount you will need to show depends on the length of your course and the institution you plan to attend. On average, tuition fees for international students in Australia can range from AUD 15,000 to AUD 35,000 per year, depending on the program.

For instance:

• Undergraduate programs: Typically between AUD 15,000 and AUD 25,000 per year.
• Postgraduate programs: Around AUD 20,000 to AUD 35,000 per year.
• Vocational Education and Training (VET): Fees are generally lower, ranging from AUD 4,000 to AUD 22,000.

When applying for an Australia study visa, you’ll need to provide evidence of your tuition fees, such as an offer letter from your university or college. This helps demonstrate that you have secured a place in a recognized educational institution.

2. Living Expenses

In addition to tuition fees, you will also need to show that you have enough funds to cover your living expenses while studying in Australia. The Australian government sets specific minimum amounts for living costs. As of 2025, the following figures are typically required:

• AUD 21,041 per year for a single student.
• AUD 7,362 per year for a partner (if accompanying you).
• AUD 3,152 per year for each dependent child (if you are bringing children with you).

These amounts are calculated to ensure that you can comfortably cover your accommodation, food, transportation, and other daily living expenses. Keep in mind that the cost of living can vary depending on the city you choose to study in. Major cities like Sydney and Melbourne tend to have higher living costs compared to smaller cities like Adelaide or Hobart.

3. Proof of Funds

When applying for a study visa, the Australian government requires you to show proof that you have the financial capacity to cover the tuition fees and living expenses. You can provide evidence in several forms:

• Bank Statements: You can submit recent bank statements that show you have sufficient funds available in your account. The funds should be in your name or in the name of a financial sponsor (e.g., parents). The funds must be liquid, meaning they should be readily available.
• Financial Guarantee or Sponsorship Letters: If someone else (such as your parents) is sponsoring your education, you will need to provide a sponsorship letter along with proof of their financial capacity (e.g., their bank statements, tax returns, or income proof).
• Education Loan Documentation: If you’ve taken out an education loan to cover your study expenses, you can submit loan approval letters or documentation that verifies the loan amount.

The amount you need to show in your bank statement or other financial documents will depend on the length of your course, your living expenses, and the tuition fees.

4. Additional Costs to Consider

While the main costs for your visa application include tuition fees and living expenses, there are other costs you should consider when calculating your required funds:

• Visa Application Fee: The current cost for a student visa (subclass 500) is around AUD 630, which must be paid at the time of applying.
• Health Insurance: As an international student in Australia, you are required to have Overseas Student Health Cover (OSHC) for the duration of your stay. OSHC typically costs between AUD 450 and AUD 600 per year, depending on the provider and your length of stay.
• Airfare and Travel Expenses: While not directly related to the visa application, you’ll need to factor in the cost of flights and travel expenses to Australia.

5. Using the Genuine Temporary Entrant (GTE) Requirement

In addition to proving financial capacity, you must meet the Genuine Temporary Entrant (GTE) requirement. This means that you must demonstrate your intention to stay in Australia temporarily for the purpose of studying, not for permanent immigration. Showing strong financial backing helps strengthen your GTE application and ensures that your visa has a higher chance of approval.

Conclusion

In summary, the funds required for an Australia study visa application are primarily for tuition fees, living expenses, and proof of financial capacity. For a single student, you’ll need to show at least AUD 21,041 per year for living costs, along with your tuition fees and any other costs such as health insurance and visa fees. Ensuring that you meet these financial requirements is essential for a successful visa application.

If you need more guidance on how to meet the migration and immigration requirements for studying in Australia, Sanguine Migration is here to assist you. With professional expertise, they can help you navigate the financial and visa requirements, ensuring a smooth and successful application process. Contact Sanguine Migration today to get personalized advice on your journey to studying in Australia!