How much money do I need to show for an Australian student visa?
You show 12 months of tuition, travel and living costs. The living amount is currently A$29,710 (about ₹19.8 lakh) a year for the student. Instead of savings, Home Affairs also accepts evidence that parents meet an annual income level. Bank deposits and education loans are accepted. Check the Home Affairs page before you apply.
"Do we need the whole amount sitting in a bank?"
Not always. Australia accepts savings, loans or parents’ income, so many families find a route that fits.
- 1Add it upTuition, travel, living
- 2Pick a routeSavings, loan or parents’ income
- 3Gather proofStatements, letters, tax papers
- 4ApplySubclass 500 online
Ways to show funds
- Money in bank deposits.
- An education loan from a financial institution.
- Evidence that a parent or partner meets the annual income level set by Home Affairs.
Good to know
- Home Affairs may ask for funds evidence even if your checklist does not show it. Keep it ready.
- Rules were updated in 2026. Read the official changes page.
Australia funds checklist
Common mistakes
- Using figures from before the latest update.
- Forgetting travel costs in the total.
- Mixing up documents from different family accounts.
Questions families ask
Can my parents’ income count?
Yes, Home Affairs accepts parents’ income evidence at the level it sets. Check the current figure on the official page.
Does an education loan count?
Loans from financial institutions are accepted as evidence.
Sources
- Home Affairs: Student visa subclass 500 (checked 31 Oct 2026)
- Home Affairs: Changes to Student visa rules (checked 31 Oct 2026)
Rules change. Always confirm on the official page before you act.
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