Australia Student Visa Show Money Calculator

This calculator helps you determine the required funds needed for your Australia student visa application. The Department of Home Affairs (DHA) requires proof of sufficient financial resources to cover your tuition, living expenses, and other costs while studying in Australia.

Introduction

When applying for an Australia student visa, you must demonstrate that you have enough money to support yourself during your studies. The exact amount required depends on several factors including your course duration, location, and personal circumstances.

This calculator provides an estimate of the minimum funds needed based on standard requirements. It's important to note that actual requirements may vary, and you should always check the latest information from the Department of Home Affairs.

How to Use This Calculator

To use this calculator:

Enter your course duration in months
Select your location in Australia (city or regional)
Enter your estimated monthly living expenses
Click "Calculate" to see your required funds

The calculator will show you the minimum amount of money you need to provide as proof of funds, as well as a breakdown of the calculation.

Australia Student Visa Requirements

The Department of Home Affairs sets minimum requirements for student visa applicants. These requirements are based on:

Course duration
Location in Australia
Living expenses
Tuition fees (if applicable)

For most student visas, you need to show you have at least enough money to cover your living expenses for the first year of your course. The exact amount varies by location and course duration.

Calculation Details

The calculator uses the following formula to determine the required funds:

Formula

Required Funds = (Monthly Living Expenses × Course Duration) × Safety Factor

The safety factor is typically 1.2 (20% more than the base calculation) to account for unexpected expenses.

For example, if your monthly living expenses are $2,000 and your course lasts 12 months, the calculation would be:

Example Calculation

Required Funds = ($2,000 × 12) × 1.2 = $28,800

Worked Examples

Example 1: 12-month course in a major city

Monthly living expenses: $2,500

Course duration: 12 months

Calculation: ($2,500 × 12) × 1.2 = $36,000

Example 2: 6-month course in a regional area

Monthly living expenses: $1,800

Course duration: 6 months

Calculation: ($1,800 × 6) × 1.2 = $12,960

Important Note

These are estimates. Actual requirements may vary based on your specific circumstances. Always check the latest information from the Department of Home Affairs before applying.

Frequently Asked Questions

What documents can I use to prove my funds?

You can use bank statements, investment statements, or other financial documents that show you have the required amount of money. The documents must be recent and clearly show your financial situation.

Can I use savings from a family member?

Yes, you can use savings from a family member, but you must provide documentation showing the funds are available to you. The Department of Home Affairs may ask for additional information in this case.

What happens if I don't have enough money?

If you don't have enough money to meet the requirements, your visa application may be refused. You may need to save more money or find alternative funding sources before applying.

Are there any exceptions to the proof of funds requirement?

Some scholarships or government-funded courses may have different requirements. Always check the specific conditions of your course or scholarship before applying.