How Much Bank Balance Is Required For Australia Student Visa?

Australia is one of the most highly preferred destinations for pursuing higher education. It is home to a number of internationally recognized universities that have been providing quality education in various academic programs. Apart from the quality education and extraordinary research opportunities, universities in Australia provide immense support to their international students.

Importance of study visa

Australian study visa holds great importance for international students which is why it is highly in demand. It has been estimated that more 600,000 international students availed Australia study visa. Following points have been mentioned to depict the importance of Australia study visa.

1. Work while you study in Australia

As an international student, you must be worried about all the allowance expenses that you will be facing during your degree program. However, unlike many other study abroad destinations, Australia provides an excellent opportunity for international students to study on their valid study visa. It is one of the best ways to cover your allowance or tuition fee while pursuing your education. Australia allows 40 hours per fortnight for international students during the semester. Whereas, during the semester break, international students can work for unlimited hours.

2. Enables you to include your dependents

The importance of an Australian student visa is that it can help you include your dependents, like a spouse or children. With a valid Australian study visa, your dependents will have the same conditions to work within the premises of Australia. For instance, if you have a study visa for a postgraduate degree, your dependent will be able to work under the same postgraduate degree conditions.

3. Get a Temporary Graduate Visa

If an individual has a valid Australian student visa, they are granted a temporary graduate visa upon graduation. However, it also depends upon the certain circumstances. It helps the graduates to step into the professional world and to pursue their options for a formal employment.

Australian Study Visa Processing Time And Fees From Pakistan

Australian Study Visa Processing Time

The processing time of an Australian visa varies depending upon different circumstances. It also depends upon the time of your application and whether you have submitted the complete supporting documents. Furthermore, it also depends upon whether you have lodged an online application or paper application.

If you have applied for an Australian student visa you can check your processing time and progress at the official website of Australian immigration and citizenship

Visa Processing Fee:

The visa application fee varies depending upon the type of your application. The base application charges for an Australia study visa is Rs. 121,997/-. However, the additional charges as per your visa type can be checked at official site

Australian study visa acceptance rate

To pursue higher education in Australia getting a student visa is extremely essential. Australia has the highest number of international students after China. However, to get an Australia study visa is considered quite difficult and it has been seen that around 33% of the applications have been rejected.

Australian Study Visa Requirements

Following are the requirements to apply for an Australian study visa.

• Offer Letter

• Academic qualifications

• Proof of Language proficiency test (IELTS, TOEFL, etc.)

• Proof of funds

• Passport sized photographs

• Valid Passport

• Statement of Purpose

• Student Health Coverage

• Visa Processing receipt

• Curriculum Vitae

Bank statement for Australian Study visa

While applying for an Australian study visa, you must meet a financial capacity criteria in order to be eligible and make your application strong. During the duration of your anticipated stay in Australia, you must declare in a student visa financial assistance statement that you will have credible access to adequate funds to meet charges and expenses for you and any accompanying family members if any. Also, as part of your student visa application, you will need to present proof that you meet this condition.

The success of the acceptance rate of an Australia study visa is highly dependent upon the strong financial statement. As an international student, it is one of the major tasks of your study visa application. You must explain how each individual included in the form will support themselves in Australia to pay living, tuition, and school expenses when you fill out your student visa financial assistance statement. You need to explain the following for your student visa financial statement.

• Costs of accommodation of at least 12 months.

• First annual fee of student.

• Travelling expenses of student.

Frequently Asked Questions

1 - How much does an Australian study visa costs?

The base application charges of an Australian study visa costs starts from Rs. 121,997/-.

2 - Do we require an English language test for Australian study visa?

Yes, it is mandatory for an individual to appear for an English language proficiency test and provide the test proof for student visa.

3 - Is Australia preferred for higher education?

Yes, Australia is one of the highly popular destination for achieving higher education. According to the latest statistics, after China, Australia received the most international students.

4 - Do we need to provide bank statement for Australia study visa?

Yes, candidates applying for an Australian study visa are required to provide bank statement to proof that they have enough capital to pay for their fee.