Australia Considers New Financial Rules for Student Visas

Australia's Department of Home Affairs is considering major reforms to the financial requirements for international students applying for a Student visa. A consultation paper released on October 30, 2026, outlines four proposed models for demonstrating financial capacity.

The "Managed 50%" model requires students to show 50% of total tuition and living costs held for at least one month. The "Flexible 50%" model also requires 50% but for a minimum of three months.

The "First-Year Financial Assurance" model demands full coverage of first-year costs held for at least three months. The "Recognised Finance" model allows the use of approved loans or personal savings.

Additionally, funds may need to be held in an eligible Australian bank account. An interim measure may require applicants from Evidence Level 3 countries to submit financial evidence at the point of application.

Stakeholders can submit feedback until November 23, 2026, after which the government will decide on the proposed changes.