From 17 March 2017 there is a new legislation for evidence of financial capacity for student visas.
The most important is that a student visa applicant must show to the case officer that they have enough funds to cover:
- travel expenses
- living costs for 12 months if course duration is 12 months or more, or pro-rata if less than 12 months:
- for a student—$19,830 AUD;
- for a student guardian—$19,830 AUD;
- for a spouse or de facto partner—$6,940 AUD;
- for a dependent child—$2,970 AUD;
- course fees for a whole duration if the course is less than 12 months, or first 12 months if longer
The following financial evidence for Australian student visa might be taken into consideration by a case officer:
- money deposit with a financial institution;
- a loan with a financial institution;
- government loans;
- scholarship or financial support.
That’s what new legislation says. In the matter of fact whether case officer will be strict or not may depend on many different factors such as:
- country of your passport
- type of school
- your family composition
- your age
- which course you’re going to attend
- and so on…
… and there could be some other options to satisfy financial capacity requirement. Contact us if you’d like a migration agent to have a look at your case.