Financial requirements for the different types of Australian Student Visas are as follows

Visa Class	Award Name	Typical Duration	Finances required for Australian student visa
#572	Certificate IV / Diploma or Advanced Diploma	2 - 2.5 years	Tuition + living costs for the full duration of course. (i) Full amount held in a financial institution recognised by Australian Visa Officer for six months prior to the lodgement of the student visa application. (OR) (ii) Loan from a bank recognised by the Australian Visa Office for the full amount required before student visa application lodged. (OR) (iii) Combination of Options (i) & (ii) for the total amount required.
#573	Bachelors Degree	3 - 4 years	Tuition + living costs for a maximum period of two years. (i) Full amount held in a financial institution recognised by Australian Visa Office for three months prior to the lodgement of the student visa application plus a declaration of an acceptable source of funds for the remainder of the course. (OR) (ii) a loan for the total of the amount required from a bank recognised by the Australian Visa Office before student visa application is lodged, plus a declaration of an acceptable source of funds for the remainder of the course.(OR) (iii) Combination of Options (i) & (ii) for the total amount required.
#573	Graduate Diploma	1 year	Tuition + living costs for the full duration of course. Same financing options as for Bachelor's Degree.
#574	Masters Degree by course work or by research	1 - 2 year	Tuition + living costs for the first one year of the course or research. Same financing options as for Bachelor's Degree.

Applying to an Australian Institute

Selecting an Education Institution

Applying for an Australian Student Visa

Financial Requirements

Scholarships

Important Note
The Masters Degree by coursework will be assessed under visa subclass 574 until 30 June 2004. On 1 July 2004, the Masters Degree by coursework will be assessed under financial requirements specified for subclass 573 (Bachelors Degree)

The above financial requirements are for the student only. If the student has any dependent e.g. a spouse or children,different calculations will aplly. The accepted and available liquid finances can be shown in the form of savings in a bank, Fixed Deposits, Provident Fund and Post Office Deposits. Under policy, the exchange rate used to determine financial capacity would be the rate applicable at the time of the student visa application, unless there is a variation of more than 10%.

If you are successfull in your PVA application, you will be required to undertake a medical assessment, pay the first semester tuition fee and get your Overseas Student Health Cover. Australian Student Visa will be issued to you after this.

As you will have seen from the Table above, there are several different student visa categories or classifications for each different level of education in Australia for international students. You can get detailed information on the Australian student visa requirements and a copy of the student visa application form that is right for your course of study at www.immi.gov.au/students

Students are advised to lodge their student visa application atleast three months before the date that orientation for their course commences. Delays can take plance in processing student visas for any number of reasons.

Competetion for entry is tough in India as well as in Australia but a planned approach can reap the rewards. Therefore planning is essential so that students enjoy a trouble-free departure for Australia.