Calculator . Subclass 500
How much do you need to show?
The Department of Home Affairs requires you to evidence financial capacity for tuition, living costs, OSHC, and travel before granting a student visa. Enter your details to see the total funds you need to demonstrate.
Typical range: A$25,000 (TAFE) to A$50,000+ (Group of 8 universities)
You need to show evidence of
A$68,610
in funds, sponsor letters, or a combination of both.
Breakdown
Living costs (you)A$29,710
Tuition (first 12 months)A$35,000
OSHC health coverA$1,400
Travel costs (return airfare)A$2,500
Total funds to evidenceA$68,610
What counts as evidence
- · Bank statements (last 3-6 months, showing the amount has been held stably)
- · Education loans from approved lenders
- · Sponsor letter (parent, spouse, or close relative) + their bank statements proving they can cover the costs
- · Government or company scholarships
- · Annual income evidence: you, your partner, or your sponsor earning at least A$72,592/year (single) or A$84,691/year (with partner)
Estimates based on Department of Home Affairs subclass 500 financial capacity requirements (updated October 2024). These are minimums. case officers may ask for additional evidence. Visafold is not a migration agent.