Financial Criteria for Australian Student Visas - India
 
Financial Criteria for Australian Student Visas - India

  • Student Visa Subclass
    Type of Program
    Assessment Level
    # Months Prior Funds Evidence
    Funds/Evidence Required
    570
    Independent ELICOS
    3
    3

    Course fees + living + travel (up to 50 weeks max)

    • Eligible sponsors’ financial statements. min. balance held for 3 months
      OR commercial loan dedicated to education, showing collateral for loan and consistency with annual income shown.
    571
    Schools
    3
    3

    Course fees + living + travel (up to 2 years max) 

    • Eligible sponsors’ financial statements min. balance held for 3 months
      OR commercial loan dedicated to education, showing collateral for loan and consistency with annual income shown.
    572
    Vocation Education & Training
    4
    6

    Course fees, including ELICOS, bridging or foundation + living + travel (up to 3 years max) 

    • Eligible sponsors’ financial statements min. balance held for 6 months,
      OR commercial loan dedicated to education, collateral for loan and consistency with annual income shown.
    573
    Higher Education (including Masters by coursework)
    3
    3

    Course fees, including ELICOS, bridging or foundation + living + travel (up to 2 years max)

    • Eligible sponsors’ financial statements min. balance held for 3 months
      OR commercial loan dedicated to education, collateral for loan and consistency with annual income shown.
    574
    Master by Research & Doctorate
    3
    Current

    Course fees, including ELICOS, bridging or foundation + living + travel (up to 1 years max) 

    • Eligible sponsors’ financial statements - current min. balance
      OR commercial loan dedicated to education, collateral for loan and consistency with annual income shown.
    575
    Non-award foundation studies/other
    3
    3

    Course fees, including ELICOS + living + travel (up to 2 years max) 

    • Eligible sponsors’ financial statements min. balance held for 3 months
      OR commercial loan dedicated to education, showing collateral for loan and consistency with annual income shown.
    576 AusAID or Defence Award 2 Current

    Course fees, living costs and travel costs for entire program. 

    • Evidence of support of Minister for Defence or AusAID
    • Eligible sponsors’ financial statements showing min. balance,
    • OR commercial loan dedicated to education, collateral for loan provided.

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