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 (A$) that you need access to. These amounts do not necessarily represent the cost of living in Australia. These costs are additional to the financial requirements of the student who nominated you as their guardian.
| Expenses | Per Person | Amount Required in A$ |
|---|---|---|
| Travel | Yourself | Return air fare to Australia |
| Children aged under 6 (if applicable) | One return air fare to Australia per child | |
| Living | Yourself | A$12,000 per year |
| First child aged under 6 (if applicable) | A$2,400 per year | |
| Each other child aged under 6 (if applicable) | A$1,800 per year |
The amount, type and source of acceptable funds, and the savings period for funds varies with the assessment level of the student who nominated you as their guardian.
Please read all the financial details for the assessment level of the student for whom you will be the guardian.
See:
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)