Financial requirements

You must meet the following financial requirements.

Travel, tuition and living expenses

You must declare on your application that you have enough money to pay for travel, tuition and living expenses for yourself, your partner and your dependent children for the duration of your stay in Australia. You must also have enough money to support your partner and dependent children, even if they do not travel with you to Australia.

The table below outlines the amounts in Australian dollars (AUD) that you need access to. These amounts are the minimum required for this visa. They do not necessarily represent the cost of living in Australia.

Expenses	Per Person	Amount required in AUD
Travel	Yourself	Return air fare to Australia
	Family members	One return air fare to Australia per person
Tuition	Yourself	Course fees
	Children aged 5-18	AUD8000 per year
Living	Yourself	AUD18 000 per year
	Partner	AUD6300 per year
	First child	AUD3600 per year
	Each other child	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.

Acceptable sources of income

The money to support you and your family members may come from any source.

Fully Funded Students

If you are a fully funded student, you must show evidence that the sponsoring agency, government or organisation will cover the cost of:

• travel, tuition and living expenses for yourself and dependent family members accompanying you to Australia
• supporting your dependent family members remaining in your home country, taking into consideration the local standard of living.
  Note: If family members later decide to join you in Australia, you must show evidence of extra funds from an acceptable source to cover their travel, tuition and living expenses in Australia.

Prepaid boarding or homestay fees

If you are boarding or have entered into homestay arrangements with your education provider and have prepaid your boarding or homestay fees, the amount you have prepaid can be deducted from the total amount of living costs you must demonstrate to the department.

You will need to show evidence to the department of the boarding or homestay fees as separate from the tuition fees.
Example: A contract or an authorised receipt of payment from your education provider.
Note: Only formal boarding or homestay arrangements will be accepted by the department. Prepayment of private boarding or homestay arrangements or rent will not be deducted from the living cost requirement.