Check Your Financial Eligibility for Student Visa
Students from certain countries must prove financial capacity. Calculate your exact requirements in under 2 minutes.
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See your exact financial requirements immediately
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Financial Requirements Calculator
Check your financial eligibility for Australian Student Visa
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:
Funds must be legally obtained
Must be accessible (not locked in long-term investments)
Avoid sudden large deposits without documentation
Who Can Provide Funds
Acceptable sponsors for your application:
Parents or legal guardians
Spouse or de facto partner
Yourself (personal savings)
Bank Statement Tips
Best practices for preparing statements:
Show consistent balance over 3+ months
Must be on official bank letterhead
Dated within 3 months of application
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.

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.
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