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 spouse and your dependent children for the duration of your stay in Australia. You must also have enough money to support your spouse and dependent children, even if they do not travel with you to Australia.
The table below outlines the amounts in Australian dollars (AUD$) that you need access to. These amounts are the minimum required for this visa. They do not necessarily represent the cost of living in Australia.
| Expenses | Per Person | Amount required in A$ |
|---|---|---|
| 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 | A$8,000 per year | |
| Living | Yourself | A$12,000 per year |
| Spouse | A$4,200 per year | |
| First child | A$2,400 per year | |
| Each other child | A$1,800 per year |
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.