Studying in Australia
From 1 July 2016, all international students will apply for a single Student visa (subclass 500), regardless of the chosen course of study.
Student guardians will apply for the new Student Guardian visa (subclass 590)
Family members of existing student visa holders (subclasses 570-576) will need to apply for a subclass 500 visa if they do not currently hold a student visa and want to join their family member in Australia.
For further information regarding Student visa requirements, lodging an application online and student visa evidentiary requirements, see:
For region specific information on Subsequent Dependants, see:
For visa and citizenship processing times, see:
Student visa evidentiary requirements
A new framework will be used to guide the evidence of English language and financial capacity that a student needs to provide with their visa application.
It is recommended that applicants provide complete and comprehensive evidence that supports their application at the time of lodgement. A list of evidentiary requirements will be provided as part of the online application process.
Instructions are available on the Departmental website at http://www.border.gov.au/Trav/Visa-1/500- to assist you to determine the evidentiary requirements applicable to you.
Country Specific Financial Guidance
All applicants for a Student visa must have genuine access to sufficient funds to cover costs and expenses for themselves and any accompanying family applicants for the duration of the intended stay in Australia. The funds must be accessible and be available to financially support the applicants during the intended stay in Australia.
The country specific guidance detailed below will assist student visa applicants in determining acceptable documentary evidence of financial capacity.
Exchange Rate used to calculate financial capacity for a student visa
Generally, the exchange rate used to determine financial capacity is the rate applicable at the time of application.
However, if there has been a variation of more than 10% in the exchange rate between the time of application and the time of decision, the current exchange (as at 9am that day IMT) would be considered.
In such circumstances, the applicant will be afforded an opportunity to provide any additional evidence required.
Types of financial records which are acceptable for the purpose of assessing funds for student visa applications are:
- Specified Annual Income
- Loans from financial institutions
- Monetary deposits held with financial institutions
Evidence of Annual Income Option
For the purpose of annual income option, evidence of income must be provided in the form of government documentation issued by the central government.
For Indian Nationals, the Income Tax Returns (ITR) issued by the Income Tax Department is considered as acceptable evidence for the annual income option.
Financial Institutions (FI) for Funds and Loans
DIBP monitors the financial sectors in India, Nepal, Bangladesh and Bhutan and accepts financial institutions which meet the regulatory requirements. The Regulations define the term 'financial institution' for the purposes of student visa applications as:
financial institution is a body corporate, that, as part of its normal activities takes money on deposit and makes advances of money;
a) under a regulatory regime:
i) governed by the central bank (or its equivalent) of the country in which the body corporate operates; and
ii) that the Minister is satisfied provides effective prudential assurance; and
b) in a way that the Minister is satisfied complies with effective prudential assurance requirements.
For further country specific information follow the link below: