Finances Required for International Students in Australia

From 1 January 2010, future student applicants would have to meet the subsequent living costs requirements:

•$18 000 for the main student applicant planning to study in Australia on per year basis
•$6300 for the student’s spouse on each year
•$3600 for the student’s first child for each year
•$2700 for every other child for each year
•It is necessary to provide a proof of the finances and prove that they meet the Cost of studying in Oz territory.

By increasing the funding requirements, International students would be better ready to regulate to the cost-of-living in Australia accordingly. Students require showing the subsequent documentation to the officers of the Department of Immigration and Citizenship (DIAC) so as to strengthen their eligibility:

•Preceding Financial and Immigration history of the prospective student applicants (if any)
•Work experience, Employment record of the applicant or the sponsor providing finances to the student applicant
•Proof of the source of income