Financial requirements

You must declare on your application that you have enough money to pay for travel to Australia and living expenses while you are in Australia for yourself and any dependent children under six years of age included in your application.

The table below outlines the amounts in Australian dollars (AUD) that you need access to. These amounts do not necessarily represent the cost of living in Australia. These costs are additional to the financial requirements of the student who nominated you as their guardian.

Expenses	Per Person	Amount Required in AUD
Travel	Yourself	Return air fare to Australia
	Children aged under 6 (if applicable)	One return air fare to Australia per child
Living	Yourself	AUD18 000 per year
	First child aged under 6 (if applicable)	AUD3600 per year
	Each other child aged under 6 (if applicable)	AUD2700 per year

The department must be satisfied that an applicant, once in Australia, will have genuine access to the funds they claim to possess to cover the travel, tuition and living costs for themselves and their family members.

The amount, type and source of acceptable funds, and the savings period for funds varies with the requirements of the student who nominated you as their guardian.

Please read all the financial requirements for the student for whom you will be the guardian.
See:
Studying in Australia: Financial Capacity Requirements - Streamlined visa processing (42KB PDF file)
Studying in Australia: Financial Capacity Requirements - Assessment Level 1 (119KB PDF file)
Studying in Australia: Financial Capacity Requirements - Assessment Level 2 (154KB PDF file)
Studying in Australia: Financial Capacity Requirements - Assessment Level 3 (156KB PDF file)
Studying in Australia: Financial Capacity Requirements - Assessment Level 4 (156KB PDF file)