You must :

Visa Subclass	Assessment level	Financial evidence
570	4	Tuition fee(as per offer letter) for the first 36 months + Living costs(AUD 18,000 pa) + Travel costs (AUD 2,000 per individual)
571	2	Tuition fee for the first 12 months + Living costs(AUD 18,000 pa) + Travel costs (AUD 2,000 per individual)
572	4	Tuition fee for the first 36 months + Living costs(AUD 18,000 pa) + Travel costs (AUD 2,000 per individual)
573	3	Tuition fee for the first 24months
574	2	Tuition fee for the first 12months + Living costs(AUD 18,000 pa) + Travel costs (AUD 2,000 per individual)

Additional expenses need to be evidenced for student dependants (spouse and children)

Prospective Student visa applicants and their family members must have access to the following funds to meet the living costs requirements:

• AUD18 000 per year for the main student
• AUD6300 per year for the student’s partner
• AUD3600 per year for the student’s first child
• AUD2700 per year for every other child

Tuition

Yourself	Course Fees
Children aged 5 – 18	AUD 18,000 per year

Travel

Yourself	Return air fare to Australia
Family members	One return air fare to Australia per person

Under assessment level 3, finances need to held for a minimum of 3 months prior to the date of lodgement of the visa application.

Decision makers may consider a range of factors in determining whether funds demonstrated or declared will be genuinely available to contribute to the cost of studying and living in Australia. These factors may include:

• A prospective student’s previous financial and immigration history
• The employment history of the student or the person providing the student with financial support
• The source of the income used (such as cash assets or a bank loan).

Where there is doubt about an applicant’s ability to access their claimed funds in Australia, the applicant may be requested to provide further information.

Example: Applicants relying on a bank loan may need to show that these funds have been deposited into a bank account to which they have unrestricted access, and that they have the financial capacity to service the loan both before they depart for Australia and once they arrive.

Acceptable sources of income

• Money deposits held in a bank account by you or a person supporting you.
• A loan from an approved financial institution.
• A loan from your government.
• Financial support from your education provider or another organisation.

Note: Non-cash assets such as property and shares are not acceptable evidence of income. However, non-cash assets may be liquidated or used as collateral on a loan.

Providing evidence of deposits or loans You need to show evidence of how the money to fund your studies was accumulated.

If your source of income is a money deposit held in a bank account, you must provide the following evidence:

• Pay slips
• Bank loan documents
• Interest from investments.

If your source of income is a loan, you must provide the following evidence:

• A bank statement showing the amount of available credit
• A statement from the holder of the loan that its purpose is to support your studies.

Note: If your source of income is a home loan with a redraw facility from an Australian financial institution, the funds from the redraw facility may be considered a loan. A home loan with a redraw facility from a non-Australian financial institution may be acceptable, but must be considered on a case-by-case basis.

Sponsorship evidence

• Applicant (self)
• Parents
• Grandparents
• Spouse
• Brother / sister
• Uncle and aunt (Immediate brother or sister of applicants parents)
• Bank loans (education, personal, overdraft)
• Other (extended family, in-laws)

Proof of relationship between student and sponsor needs to evidenced. If you have any further questions, do visit our office and speak to our experienced counsellors who will guide you appropriately.