DIAC requires students to have the financial capability to cover the cost of airfares, course tuition fees, and living costs for the duration of studies and stay in Australia. DIAC has set the living costs at AUD18, 610 per annum. The period for which students must provide evidence of funds, the type of funds considered acceptable and the savings period for funds may vary with assessment level for VET sector. Living costs are a minimum amount set for visa purposes. Living costs vary depending upon where a student is living and the type of accommodation. Students are not allowed to rely on work to support stay in Australia as a student.
For information on Accommodation fees go to the Fees and Start Dates page of our website. You should expect to pay a minimum of $200 for a single room per week. Of course, accommodation costs can vary a lot depending on where you live and the type of living arrangements you want.
After students have paid for accommodation and tuition fees, they will need enough money to cover the cost of food, transport, entertainment and should plan to have access to up to AUD $200 per week.
If students are bringing dependent family members with them to Australia, they will also need to provide evidence of access to funds for the costs of supporting family members and ensuring that school age children attend school in line with Australia’s immigration laws. More information can be found at www.immi.gov.au/students.