Advertisement

A 'finely tuned approach to student visas is needed'

Monday, 18 April 2011

Posted by Mozo

Potential changes to the student visa process could see prospective graduates heading to Australian universities from abroad get a visa with a smaller amount in their student account than is currently required.

At the moment, those who want to study in the country need to demonstrate that they can access money to fund their living expenses, reports the Australian.

However, Universities Australia's submission to the Knight Review of the programme calls for a reduction in the money needed.

It noted that in areas of countries such as India and China, it is harder for students to amass enough funds.

According to the submission, areas with high rates of fraud or non-compliance – such as Punjab – should be assessed at a higher level.

Those who want to study in Australia need to show they have $18,000 in their student account or have access to this amount each year to cover their living costs.

Only courses that last less than three months can be completed on a visitor or working holiday visa.

Have a question about student banking? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800504225-ADNFCR

Back to top

Comments

powered by Disqus

Thanks for signing up.

You'll receive your first issue of Money Zone soon.