Australian Study Visas for 2024 | Types, Eligibility Criteria and Financial Guidelines

Get ready for your Australian study visas in 2024! As Semester 2 admissions wrap up, international students are gearing up for their Australian study visas. Explore visa types and application procedures at Australian embassies worldwide.

As universities throughout Australia wrap up their Semester 2 admissions international students are starting to apply for their Australian study visas which is a crucial next step in their path to study in Australia.

At Australian embassies around the world, this is a time of great activity as prospective students wrap up their plans for their next academic ventures.

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In 2024, May and June are especially hectic since they coincide with the conclusion of the Semester 2 admissions process. Students are busy applying for visas during this period to make sure they can plan their travel and lodging in time for the start of classes in July.

This cyclical trend of increased applications is a reflection of both the demand for careful planning in overseas studies and the appeal of Australian education on a worldwide scale.

This introduction provides context for the discussion of the intricacies of Australian study visas, illuminating the various kinds, procedures, and prerequisites associated with obtaining a visa.

For a seamless transition to studying in Australia, students need to understand the specifics of each visa category and the timeliness of their applications as they work through these administrative processes.

Which Types of Australian Study Visas Would Be Ideal for You?

The goal and requirements for each of the four categories of Australian student visas that will be open for applications in 2024 will be covered in this section:

The Most Common Student Visa (Subclass 500):


  • Enables foreign students to enroll in approved courses in Australia and study full-time.


  • Must be enrolled full-time in an Australian educational program.
  • Meet the requirements of the Genuine Temporary Entrant (GTE) program to prove that you want to remain temporarily in Australia.
  • Give proof that you have enough money to pay for your education, living expenses, and travel.
  • Fulfill the prerequisites for character and health.
  • Continue to carry enough health insurance (OSHC, or Overseas Student Health Cover).

Visa for Training (Subclass 407):


  • Developed for individuals who must do workplace-based training in Australia; this may involve professional development courses.


  • Must be employed in a training-eligible profession and have a sponsor who has been given the go-ahead to deliver the training.
  • The training needs to improve abilities in a job that qualifies.
  • Fulfill the prerequisites for character and health.
  • Present proof that you have the money necessary to support yourself while you’re there.

Graduate Student Temporary Visa (Subclass 485):


  • Permits foreign students to reside, work, and study in Australia for a limited time once they graduate from an Australian university.


  • Must have finished a qualification within the last six months that satisfies the Australian Study Requirement.
  • Be younger than fifty years old.
  • Fill in the language proficiency standards in English.
  • Hold a student visa or have held one for the last six months.
  • Present proof of sufficient health insurance.
  • Fulfill the requirements for character and health.

Visa for Guardian Students (Subclass 590):


  • For parents or guardians who must remain in Australia to watch over a foreign student who is enrolled there on a student visa.


  • Must be a parent, guardian, or relative designated by a parent or custodian, or someone with legal custody of the pupil.
  • If a student needs special support due to a disability, they must be above 18 or under 18.
  • Give proof of your ability to support yourself and any dependents financially.
  • Fulfill the prerequisites for character and health.

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Financial Bank Statement Needed to Submit an Australian Study Visa Application:

If you consider yourself to be a Student wishing to apply for a Subclass 500 visa as of May 10, 2024, must demonstrate that you have access to at least $29,710 per year to pay for living expenses in addition to tuition and health insurance.

While certain visas may not have minimal financial criteria, they nonetheless demand evidence that you have enough money to sustain your stay.

Are scholarship winners exempt from the bank statement requirement when applying for an Australian study visa?

Indeed, recipients of scholarships may be exempt from the usual financial bank statement requirements when applying for Australian student visas. Instead, they must turn in a letter of sponsorship, grant, or scholarship support outlining their financial assistance.

To comply with visa requirements, these documents must expressly state that tuition, living expenses, and any other advantages are covered by the scholarship.

Although the scholarship documentation serves as the main source of information, students may still need to provide supplementary documents to address topics not covered by the scholarship, such as:

Overseas Student Health Cover (OSHC): Evidence that they have the necessary health insurance for the period of their visa is called Overseas Student Health Cover (OSHC).

Return Airfare: Provide proof that, unless the scholarship covers it, the student can afford to return home after their studies are finished.

Supplementary Living Costs: Students may be asked to show proof of additional funding to reach the necessary financial threshold if the scholarship does not entirely cover living expenses.

Application Procedure for Australian Study Visas and Required Documents:

The following is a step-by-step guide with a checklist of papers to assist you with submitting your application for an Australia student visa in 2024 with all necessary documentation:

Take Your Offer into Consideration: After accepting the Australian institution’s offer, get your electronic Confirmation of Enrollment (eCoE).

Get an ImmiAccount created: To submit and track your visa application, create an account on the Australian Department of Home Affairs website.

Collect the Necessary Paperwork: As required by the study visa subclass you are applying for, gather all required documentation.

Fill out the application for a visa: Apply for a visa online by completing the form on your ImmiAccount (, being sure to attach all necessary paperwork.

Pay the Application Fee: Apply for a visa by submitting the AUD$710 (, which may be waived in certain circumstances.

Send in your application: After going over everything, submit your application, and watch for a response.
Follow and Handle Your Request: Utilise your ImmiAccount to monitor the progress of your application and reply to any further information requests.

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Australian Study Visa (Subclass 500) and Other Checklist of Documents:

Filled out Application for Study Visa for Australia (157A) (
A valid passport must be good for the whole time you are visiting.

Confirmation of Enrollment (CoE):

  • The Australian educational institution is the one that issues the Confirmation of Enrollment (CoE).

Statement of a Genuine Temporary Entrant (GTE):

  • A remark from the author addressing the GTE prerequisite.

Financial Proof:

  • Bank statements or scholarship letters demonstrating enough money to pay for living expenses and tuition.

Overseas Student Health Cover (OSHC):

  • Evidence of health insurance that is good for the length of your visa is required for Overseas Student Health Cover (OSHC).

Results of the English Proficiency Test:

  • If your visa type or institution requires it.

Documents Related to Education and Employment:

  • Resumes, diplomas, transcripts, and work references.

Character and Health Evaluations:

  • Police records and any necessary medical exams.
  • Offer letter for a scholarship or a bank statement with the necessary minimum amount.
  • When applying for an Australian student visa, you should be well-prepared due to this simplified procedure and thorough checklist.