Financial Requirements Calculator

Check Your Financial Eligibility for Student Visa

Students from certain countries must prove financial capacity. Calculate your exact requirements in under 2 minutes.

R

Instant Results

See your exact financial requirements immediately
R

Expert Guidance Available

Book a free consultation with a migration agent

Financial Requirements Calculator

Check your financial eligibility for Australian Student Visa

0

Official tax assessment showing sufficient annual income from parents or non-accompanying spouse

Free assessment report via email

Two Pathways to Meet Financial Requirements

Choose the option that best suits your situation. Both pathways meet the Department of Home Affairs requirements for Australian student visa applications.

Choose Your Pathway
Select the financial evidence route that best fits your situation

Deposit Route

}

Funds Required

Varies based on your calculation (travel + tuition + living + school fees)

Required Documents

Bank statements (within 3 months), loan approvals, or scholarship letters

Coverage Period

Must cover 12+ months of expenses

Best for: Students with savings, loans, or scholarship funding

Most Popular

Annual Income Route

}

Income Requirements

AUD $87,856/year (with partner/children: AUD $102,500/year)

Required Documents

Official tax assessment from parents or non-accompanying spouse

Document Type

Government-issued tax documentation

Best for: Students with parents or spouse who have stable, documented income

Preparing Your Documents

Important tips to ensure your financial evidence is accepted

Genuine Access to Funds

The Department of Home Affairs carefully reviews fund sources:

R

Funds must be legally obtained

R

Must be accessible (not locked in long-term investments)

Q

Avoid sudden large deposits without documentation

Who Can Provide Funds

Acceptable sponsors for your application:
R
Parents or legal guardians
R
Spouse or de facto partner
R
Yourself (personal savings)

Bank Statement Tips

Best practices for preparing statements:
R
Show consistent balance over 3+ months
R
Must be on official bank letterhead
R
Dated within 3 months of application
R
Multiple accounts can be combined

Need Help With Your Documents?

Speak with a registered migration agent to review your documents, discuss visa fees, and ensure your application is complete.

Frequently Asked Questions

Get answers to common questions about studying carpentry in Australia

Do I need to provide financial evidence?

Students from certain countries are required to provide evidence of financial capacity. Check with the Department of Home Affairs or your education agent to confirm if this requirement applies to you based on your country of passport.

Which pathway should I choose?

Choose the Annual Income Route if your parents or non-accompanying spouse have official tax assessments showing sufficient income. Choose the Deposit Route if you have sufficient funds in bank accounts, loans, or scholarships to cover all expenses.

How recent should my bank statements be?

Bank statements must be dated within 3 months of your visa application date. They should clearly show your name, account details, and sufficient funds to cover all required expenses.

Can I use a loan to meet the financial requirements?

Yes, you can use an approved loan. You’ll need to provide the loan approval letter showing the approved amount and terms. The loan must be genuinely available and sufficient to cover all required expenses.

Can I combine funds from multiple sources?

Yes, you can combine funds from multiple bank accounts, family members, loans, and scholarships. Ensure all sources are properly documented and show clear relationship to you.
YouTube video

How to Provide Financial Evidence?

If you are looking to migrate to Australia using a trade as the occupation, you will likely need to pass a skill assessment with Trades Recognition Australia. This video outlines what documentation is required to provide to TRA.

GET IN TOUCH

In case of questions, feel free to reach out to one of our experienced Registered Migration Agents.

Contact details

Give us a call

Australia: +61 7 5526 5900
Argentina: +54 11 7368 8134
Fiji: +679 922 3842
Philippines: +63 968 363 5296
United Kingdom: +44 20 3948 3865

Send an email

info@pathwaytoaus.com

Gold Coast Office

2242 Gold Coast Highway,
Mermaid Beach, QLD, 4218

UK Office

5 Merchant Square
London, W2 1AY, United Kingdom
(By Appointment Only)