Having enough financial resources is the prerequisite criteria to get entry into Australia. If you don’t meet the required balance needed, then your application for an Australian student visa may not get approved. Now, you might be thinking, how much bank balance is required to get an Australian student visa? Right? Don’t worry, we have got your back.

If you are looking for an answer then read the article till the end to get all the information related to how much financial resources you need to have to live in Australia including the tuition fees. But tuition fees differ according to the university you are enrolling in.

Student Visa Financial requirements Australia

According to the Australia student visa requirements 2021, when you are filling the application form, you will be required to provide authentic documents and proof. After you submit these documents then only your application will be reviewed by the government and the chances of getting your visa approved will increase. Want to know the criteria for a student visa in Australia? Check out the below section.

1. Proof of Financial Requirements

Government asks for proof about the financial resources that you have and whether you can pay for the tuition fees or not. From Feb 2018, one needs to pay the amount of AU $ 20,290 that is US$13,750, annually. But if anybody else coming along like your children or spouse then you need to show the financial resources of how you can support them. You can also show that your spouse or parents are able to support you in covering the living costs including school fees.

Also Read:- Australia PR Process from India: Know all about IELTS Requirement & Australia PR Points Calculator

2. English Proficiency

As the language used for daily conversation and for education curriculum is English, student needs to prove that how proficient he/ she is in English.

You need to prepare and give the IELTS or TOEFL  examination and need to score the minimum band in the exam that is specified by Australia. Many universities separately ask for the IELTS examination hence you need to check on their website as well.

3. Health Requirements

Students are required to be in good health. For specific programs like doctor, dentist, and nurse, students are mandatorily required to take a medical checkup. In such a scenario they need to take an appointment with a doctor who is approved by the Australian immigration department.

All students except those who come from Belgium or Norway are required to purchase OSHC (Overseas Student Health Cover). Students can purchase this cover from their university or can also purchase it directly from one of the following-

  • BUPA Australia
  • Australian Health Management
  • Medibank Private
  • Allianz Global Assistance

Also Read:- How to Apply for an MBA in Australia? Here’s all You need to Know

Is IELTS required for an Australia Student visa?

Is IELTS required for an Australia student visa? Yes, as the language used in Australia is English, a student who is planning to pursue his/ her studiesthere should be proficient in English. He/ she should be able to understand it, read it, and speak it with all the aspects of it.

To evaluate the English proficiency of the person, the Australian Government asks for the IELTS score to be submitted in the Australia student visa process.

You need to prepare well to get the IELTS score which is equal to or above the required score specified.

In the IELTS section you get 4 sections- reading, speaking, listening, and writing. The total time that you get to complete the IELTS examination is 2 hours and 45 minutes. The Reading, writing, and listening section is taken together, whereas the speaking section is the face to face interview taken by the examiner on the basis of your speaking skills. To get a good score you need to learn the smart technique to increase your accuracy and enhance your speed.

Australia Student Visa Processing Time

Australia student visa processing time differs according to the education program you are enrolling yourself into. This is suggested that as soon as you finalize and fill the university application form, you should start applying for the visa as it takes time for the government to process. For a student visa, you will need to check the duration according to the type of education you are looking for.

  • For a Postgraduate student’s 500 visas, the duration of the application process is 7 to 11 weeks
  • If you are pursuing a vocational education and training sector, then the duration of the process is 7 to 11 weeks. Where 90% of the applications are completed in 77 days and 25% of the applications are completed in 43 days.
  • If you are going to attend school, then the duration is 6 to 11 weeks.
  • For the higher education sector, 90 % of the applications are completed in 42 days and 75 % of the applications are completed in 29 days.

Also Read: Is it worth doing a Masters in Australia? What are the Top Universities in Australia 


Hopefully, this article has provided you with enough information on Australia student visa requirements 2021 and by now you have also got your answer for how much bank balance is required for an Australia student visa? So, now when you have got all your required information, how are you planning to make your dream come true? How are you going to prepare for the IELTS examination to obtain the required score marks equal to or above the minimum score specified? Check out the amazing courses offered by IELTS Ninja and boost up your IELTS preparation to achieve the required score. All the best!

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Shilpa is a professional web content writer and is in deep love with travelling. She completed her mass communication degree and is now dedicatedly playing with words to guide her readers to get the best for themselves. Developing educational content for UPSC, IELTS aspirants from breakthrough research work is her forte. Strongly driven by her zodiac sign Sagittarius, Shilpa loves to live her life on her own notes and completely agrees with the idea of ‘live and let live. Apart from writing and travelling, most of the time she can be seen in the avatar of 'hooman' mom to her pets and street dogs or else you can also catch her wearing the toque blanche and creating magic in the kitchen on weekends.

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