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When applying for a student visa, Australia requires international students to provide Proof of Funds (PoF) to demonstrate their financial ability to cover tuition, living expenses, and other costs. This requirement ensures that students can support themselves without financial hardship while studying abroad.
Proof of Funds is official documentation showing that a student (or their sponsor) has sufficient money to cover:
Tuition Fees – The cost of the academic program.
Living Expenses – Housing, food, transportation, and other daily costs.
Additional Costs – If you are travelling with a dependent, Australia requires you to provide proof of funds for your dependents, medical insurance, or travel expenses.
The commonly accepted proof of funds documents for Australia include:
Bank statements (showing funds held for a period of 3 months).
Fixed deposits or savings certificates.
Scholarship award letters.
Financial guarantee letters from sponsors.
Education loan approval letters.
Highlighted below are the student visa living expenses requirements for Australia, whether you are travelling as a single applicant or with a dependent.
The primary applicant requires:
AUD29710 per year (for up to 1 year) for courses in Australia
You require to provide proof of funds for your dependents for study visa application in Australia as follows:
Required funds for first dependent adult is AUD10394 per year
Required funds for second dependent adult is AUD4449 per year
Required funds for third dependent adult is AUD4449 per year
Required funds for fourth dependent adult is AUD4449 per year
Required funds for fifth dependent adult is AUD4449 per year
Required funds for sixth dependent adult is AUD4449 per year
Required funds for dependent child (under 18 years old) is AUD4449 per year
Providing adequate proof of funds is a crucial part of the student visa application process because it shows that you are capable of financing your stay for the duration of your study. Insufficient or incorrect documentation can lead to visa delays or rejections.
Planning to study abroad? Australia requires international students to provide proof of sufficient funds to cover tuition, living expenses, and other costs before granting a student visa. Use our Australia Proof of Funds Calculator to estimate the minimum financial requirement for you to study in Australia.
Enter Your Details – Provide tuition fees, study duration, additional costs (if any), and any prepaid expenses.
View Your Required Proof of Funds – Australia proof of funds calculator will generate the minimum financial amount needed for your visa approval based on official government requirements.
Tuition Fees – The cost of your program in Australia (or the remaining balance after any payments).
Living Expenses – Estimated cost of living based on Australia visa guidelines.
Additional Costs (If any) – If you are travelling with dependants, Australia requires additional funds for them.
Prepaid Amounts – Any payments you've already made (e.g., tuition deposits, and accommodation fees) can reduce the required total proof of funds.
Simplify the calculation process with Australia Proof of Funds Calculator, which provides estimates based on official guidelines. Plan your study abroad journey with confidence!