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Australian Student Visa Financial Requirements checklist

Australian Student Visa

Australian Student Visa: Australia has been everybody’s dream destination, be it for vacation, permanent residency or studies. With an attractive lifestyle, Australia attracts people and at the top of the list for its best education. Beng the home country for many universities, the country offers various affordable education programs. 

If you have made up your mind for studies in Australia, check out the checklist for a student visa and financial requirements you need to fulfill as an Australian student. 

4 major requirements to get an Australian Student Visa are:

  • Genuine Temporary Entrant (GTE) requirement
  • Financial requirements
  • English proficiency requirements
  • Health and character requirement

Overview of financial requirements for an Australian Student Visa:

  1. Documentary evidence of financial capacity: Providing the evidence of financial capacity is mandatory and to make it easier, you need to provide it in the following sections:
  2. 12 months of funds option: Proof of funds to cover travel to Australia and 12 months accommodation, course and schooling costs for the student and accompanying family members If you are coming to Australia for a short course, you will only need to show proof of funds for the intended period of stay.
  3. Annual income option: Prove that you meet the annual income requirement. There is a criterion where a financial limitation guideline is there. You have to be prepared with that amount of money in your account that proves you are stable enough to survive in the country.
  4. Secondary exchange students: Give evidence of an Acceptance Advice of Secondary Exchange Students (AASES) form (secondary exchange students only). This requirement is to be fulfilled by secondary students. 
  5. Foreign Affairs or Defence students: Provide a letter of support from the Department of Foreign Affairs and Trade or Department of Defence. This proves to be proof of your presence, safety and of course in your favor.


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