The selection of the right course that will lead to a better career outcome is crucial for international students coming to Australia, and it is not cheap either. The following are financial requirements for a student visa, the cost of living in Australia; and acceptable documentary evidence.
Attach evidence of your financial capacity to your student visa application if the checklist indicates you must do so to avoid visa refusal. The department might also ask for this evidence during the visa application process. Financial capacity proof demonstrates that you have unlimited access to funds.
Actual living costs vary throughout Australia. You must have sufficient money to cover your travel costs, course fees, and living expenses for yourself and any family members who come with you to Australia.
When you apply, use the first 12 months of your course fees. If the course is less than 12 months, use the total cost. If your studies have already begun in Australia, you will need to provide evidence that you have already paid the fees, such as a receipt or confirmation of enrolment. You will need to calculate the course fee starting when you lodge your application for 12 months.
To cover the costs and expenses of your travel and stay in Australia, you must prove that you have sufficient funds. Money deposits from a financial institution, government loans or loans from a financial institution, scholarships, or similar financial support can be considered economic evidence. However, the department will not accept bank statements or direct evidence from your employer as proof of your parent's or partner's income. Please provide official government documents such as tax assessments less than 12 months old. The most convincing evidence you can provide of unrestricted access to funds is evidence of disbursement.
If someone is providing you with funds, they will have to provide evidence of their identity and any financial support they have given you or another visa holder in the past.
Proof that the company is operating if the support involves a business.
If you are providing evidence of deposits, you should explain their source.
If you are relying on another kind of loan, provide evidence of the security you used, the terms of the loan, and proof you can cover ongoing costs.
Australia's schools and states have different schooling costs, so it is essential to determine expenses ahead of time.
The cost of travel for an international student to Australia can range from $1000 to $3500.
For more information, read on!
https://www.atlantisvisas.com.au/blog/australian-student-visa-financial-evidence
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