Australia Student Visa Funds Calculator — Free Subclass 500 Tool 2025

Using our Australia student visa funds calculator is the fastest way to know exactly how much money you need to prove for your Subclass 500 Student Visa. The Department of Home Affairs requires every international student to demonstrate financial capacity before their visa is granted.

There are four official components that make up the minimum funds requirement, set under the Migration (LIN 19/198) Legislative Instrument 2019:

• First 12 months of course tuition fees (or pro-rata if your course is under 12 months)
• 12 months of living costs — AUD 29,710 for the primary applicant
• Return airfare — AUD 2,000 from India, UAE and most countries outside Australia
• Overseas Student Health Cover (OSHC) — mandatory for the full visa duration

These are the minimum figures for your visa application. Actual living costs in Australia — particularly in Sydney or Melbourne — are significantly higher depending on your accommodation, lifestyle, and city.

* Rate: ₹57 per AUD. Confirm the current rate with your bank before any transfer. Use our calculator above to recalculate at today's live rate.

Overseas Student Health Cover (OSHC) is compulsory health insurance that every international student must hold for the full duration of their Australian Student Visa. It is a visa condition — not optional — and must be arranged before your visa is granted.

OSHC covers GP visits, most hospital treatments, limited pharmaceuticals, and some out-of-hospital services. It is entirely separate from Medicare, which international students are generally not eligible for.

• Policy must cover the full duration of your student visa — no gaps permitted
• Enter the provider name, policy dates, and policy number in your ImmiAccount form
• If your education provider arranges OSHC via CoE, enter provider name and dates only
• Studying with two providers? The second policy must start the day the first expires
• Students from Norway, Sweden or Belgium may be exempt — check the Home Affairs eligibility page

Knowing the Australia student visa funds requirement is not enough on its own. The Department of Home Affairs also requires you to prove you have genuine access to those funds — not just a one-day bank balance.

• Bank statements showing 6–12 months of deposit history (not a single-day balance)
• Government loans or loans from a recognised financial institution
• Scholarships or financial support letters from an approved sponsoring body
• Education loans — must include full loan terms, disbursement amount, and drawdown evidence

Alternatively, you can show that your parents or partner earned at least AUD 87,856 in the 12 months before your application. If bringing family members, this rises to AUD 102,500. Evidence must be official government documents such as tax assessments — not bank statements.

• A single-day bank balance certificate with no accompanying transaction history
• Bank statements showing a sudden unexplained large deposit
• Direct letters from an employer (only official tax assessments are accepted)

If your spouse or children will accompany you to Australia on a secondary Student Visa, the Australia student visa funds calculation changes. You must demonstrate additional financial capacity for each family member — separately from the primary applicant's requirement.

Our free Australia student visa funds calculator is designed to give you an accurate, personalised estimate in under 30 seconds. Here is exactly how to use it:

1. Enter your First Year Tuition Fee in AUD — find this amount on your official Offer Letter or Confirmation of Enrolment (CoE) issued by your Australian university.
2. Set the AUD to INR exchange rate — the default is ₹57. Update this to today's live rate for the most accurate INR figure.
3. Your total appears instantly — the calculator adds the fixed government-mandated costs (living, airfare, OSHC) to your tuition and shows both AUD and INR totals.
4. Note the separate visa fee — the AUD 2,000 Subclass 500 application fee shown below the result is paid directly to Home Affairs and is never part of your financial evidence.

If your course is less than 12 months, pro-rata costs apply. Divide each annual figure by 365, then multiply by your intended days of stay. Contact our team at Guide to Heights for a pro-rata calculation.