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Foreign students 'must show they have enough cash'

Friday, 29 June 2012

Posted by Mozo

Foreign students who want to move to Australia must prove to the government that they have enough money to live on when they relocate.

In order to obtain a visa, people have to be able to support themselves while studying at university.

According to workpermit.com, the parameters for entry are set to change as of July 1st and academics will now have to have $18,610 a year to cover their living costs, which is up from $18,000.

Once they have proven they are in solid shape financially, youngsters can top up their student bank accounts by getting a part-time job.

Moving to a new country can be very daunting and the last thing you want is to get there and realise you are strapped for cash.

Of course, it is vitally important that students plan a budget and then stick to it, as it is very easy to fritter away all of your money in the first few weeks of term.

Have a question about student banking? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801396929-ADNFCR

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