Financial Criteria For Australian Student Visas
|
Student Visa Sub Class |
Type of Program |
Assessment
Level |
Months Prior Funds Evidence |
Funds / Evidence Required |
Commercial Loans Acceptable |
570 |
Independence ELICOS |
3 |
3 |
Course fees, living costs and travel costs fir entire program
. Eligible sponsors financial statements that are current with. Min. balance held for 3 months
OR
. Commercial loan dedicated to education, showing collateral for loan and consistency with annual income shown.
|
Yes |
|
571 |
Schools |
3 |
3 |
Total cost of school stay plus any ELICOS and bridging courses, and travel costs
. Eligible sponsors’ financial statement that are current with min. balance held for 3 months
OR
Commercial loan dedicated to education, showing collateral for loan and consistency with annual income shown.
|
Yes |
572 |
Vocation Education &Training |
4 |
6 |
Entire cost of program and stay ELICOS and bridging courses, and travel costs.
.Eligible sponsors’ financial statements that balance held for 6 months,
OR
.commercial loan dedicated to education,Collateral for loan and consistency with annual income
|
Yes |
573 |
Higher Education |
3 |
3 |
Course fees and living costs for entire program plus any ELICOS, bridging or foundation studies, and travel costs
.Eligible sponsors financial statements that are current with min. balance held for 3 months
OR
.commercial loan dedicated to education, collateral for loan and consistency with annual income shown.
|
Yes |
574 |
Masters & Doctorate |
3 |
current |
Course fees and living costs for ELICOS / bridging / foundation course plus first year of post graduate education, and travel costs
.Eligible sponsors' financil statements that are current with current min. balance
OR
.commercial loan dedicated to education, collateral for loan and consistency with annual income shown.
|
Yes |
575 |
Non-award foundation studies/other |
3 |
3 |
Total costs of program, living expenses, and travel costs
.Eligible sponsors' financial statements that are current with min. balance held for 3 months
OR
.commercial loan dedicated to education, showing collateral for loan and consistency withannual income shown.
|
Yes |