• Evidence that the applicant has sufficient funds to to meet course fees, living costs and school costs for their expected stay in Australia.The applicant must provide evidence of funds for all family unit members, even if they are not going to Australia as per leguslative requirements for each subclass

Note: Applicants who are undertaking a course(s) of less than 12 months duration, or who are sponsored by the government of a foreign country, a multilateral agency, the Commonwealth Government, or the government of a State or Territory, and whose family members are not accompanying them to Australia, are only required to demonstrate access to sufficient funds to support these family members in their home country.

Calculate funds for the relevant period as per the subclass:
Course fees per year AUD course fees
Living costs per year in Australia:

• Student AUD 12,000
• Spouse 4,200
• First child 2,400

Each additional child 1,800

School costs each year for every child 5 - 17 years of age (inclusive) 8,000

Travel costs to and from Australia (one return trip only per person) 

• Adult 2,000
•  Child 1,000

School costs will be calculated on a proportional basis if the applicant's child turns 5 years of age during their stay in Australia.

The applicant must provide at least one of the following:

• Relevant bank account statements (and tax returns, if applicable) held by the applicant, or an acceptable individual providing financial support to them, for the last 3-6 months prior to visa application(depending on subclass);
• Evidence of a loan from a financial institution made to (and held in the name of) the applicant, or an acceptable individual providing financial support to them;
• Evidence of a loan from the government of the applicant's home country;
• Evidence of financial support from the Commonwealth Government, or the government of a State or Territory;
• Evidence of financial support from the applicant's Australian education provider, including the amount of financial support being provided;
• Evidence of financial support from the applicant's employer indicating the level of support being provided and details of the applicant's background, role within the corporation and employment training or retraining needs. Financial support from an employer will only be acceptable if the company has been verified by a DIAC office to be operating in the international arena;
• Evidence of financial support from the government of a foreign country, or a provincial or state government of a foreign country that has the written support of the national government of that foreign country, including the amount of financial support being provided;
• Evidence of financial support from an organisation gazetted by the Minister* or a multilateral agency**, including the amount of financial support being provided.

Note: When calculating sufficient funds, non-cash assets may not be used unless they have either been liquidated (and held as a money deposit) and held for required period or used as collateral to secure a loan.

* An organisation gazetted by the Minister for the purposes of the definition "funds from an acceptable source": ie Rotary International, The National Red Cross and Red Crescent Societies, and the Ford Foundation.

** A multilateral agency - an agency or organisation in which at least 3 countries participate: eg The UN, World Bank and Asian Development Bank.

The applicant must also provide:

• Evidence of income AND evidence of relationship of person(s) providing financial support .

If the applicant is proposing to undertake a course, or package of courses, of less than 10 months duration, they will be subject to a no further stay condition. This condition will prevent the applicant from applying for a further visa (other than a Protection visa, Student visa with permission to work or a Graduate-Skilled visa) while they remain in Australia. However, the condition may not be applied to the visa if the applicant provides evidence of the following:

• Additional funds for living costs for themself and their family unit members for another 12 months;
• Additional funds for school costs for all of the applicant's school-aged children for another 12 months;
• An additional $12,000. This is a notional allowance for future tuition fees.
  The above funds must be in addition to those funds already outlined above. The applicant must also provide evidence, as described above, for these funds. The applicant must provide evidence of additional funds for their family unit members even if they are not going to Australia.

If the applicant does not wish to provide evidence of these additional funds, they may still meet the requirements for the grant of a Student visa. However any visa granted will be subject to the no further stay condition 8534.