Studying in Australia
If you intend to study in Australia, you will need to apply for the Student visa (subclass 500).
Family members of existing student visa holders will need to apply for a Student visa (subclass 500) visa if they do not currently hold a Student visa and want to join their family member in Australia. You must declare your family members in your Student visa (subclass 500) application even if they do not plan to travel with you to Australia. If you do not do this, your family members will not be eligible for a Student visa to join you in Australia. For futher information, see https://india.embassy.gov.au/ndli/studep-checklist.html.
Student guardians can apply for the Student Guardian visa (subclass 590).
For comprehensive information regarding visa requirements, applying for the visa, documentation required for the visa and processing times, see https://www.homeaffairs.gov.au.
The Department of Home Affairs regularly provides updates on the student visa program.
‘Agent Digests’ for Education and Migration Agents are available at: https://india.highcommission.gov.au/ndli/Agent_Digests.html.
‘Provider Updates’ for Australian Education providers are available at: https://india.highcommission.gov.au/ndli/Provider_Updates.html.
Country Specific Financial Guidance
You need to have enough money that is genuinely available to you to pay for your course fees, travel and living costs for you and your accompanying family members while you are in Australia.
It is useful to provide a summary with your application, outlining the funds that are available to you. You can complete this template and upload it as an attachment with your application.
If the Document Checklist Tool will allow you to determine if you need to provide 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.
For further country specific financial information follow the link below: http://india.embassy.gov.au/ndli/vm_studyloans.html.