Australia is renowned for its excellent educational environment, and degrees from Australian universities are recognised globally. Students who complete courses at Australian universities can further their development locally through a graduate visa. For recent DSE graduates planning to study in Australia, it is essential to understand the application process, processing times, and financial requirements for obtaining an Australian student visa. What should you consider when applying for an Australian study visa? Cyclopes shares insights into the details of the Australian student visa.

Source: Freepik
Subclass 500 Student Visa
Australia offers various visa programs for international applicants, among which the Subclass 500 student visa is intended for international students enrolled in full-time courses, including primary, secondary, undergraduate, and postgraduate studies. This visa allows a stay of up to five years, during which students can enter and leave Australia freely without requiring additional visas. Additionally, students can work part-time during their studies but are limited to no more than 48 hours every fortnight. After completing their studies, students can apply for the '485 Temporary Graduate Visa' to continue working in Australia for between two to four years.
Australian Student Visa Process
Prospective students interested in studying in Australia will undoubtedly be concerned about the Australian student visa process. Before applying, students should prepare the following documents to avoid any delays:
- Admission confirmation from an Australian educational institution (CoE)
- Original and copies of personal identification documents (e.g., passport, ID card)
- Academic transcripts
- Proof of financial capacity (personal bank account or a parent/legal guardian’s bank account)
- Overseas Student Health Cover (OSHC)
- Proof of English proficiency (e.g., IELTS or equivalent qualification)
- Parental consent form* (Form 157N/accommodation confirmation from the educational institution/AASES form)
- Genuine Temporary Entrant declaration (GTE)
*Applicable for applicants under 18 years old
https://immi.homeaffairs.gov.au/visas/web-evidentiary-tool

Source: Freepik
Processing Times for Australian Student Visas
The processing times for Australian student visas can vary from person to person, generally ranging from 4 to 11 weeks. If any documents are missing or incorrect, the Australian Immigration Department will notify the applicant to submit additional or correct documentation. Once approved, the student visa will be issued electronically.
Financial Requirements for Australian Student Visas
Applicants for Australian student visas must demonstrate sufficient financial resources to cover tuition fees, living expenses, and return airfare to Australia. As of 2023, the financial requirement is set at AUD 24,505, which covers one year of living expenses and tuition fees. Financial capacity can be proven through personal or guardian bank statements, scholarships, or grants.
Given the variation in university and course fees in Australia, and individual living expenses, students are advised to calculate their expected daily expenditures, including accommodation, food, and transport, in advance.

Source: istock
What If Your Student Visa Is Refused? Important Considerations After Obtaining a Visa
During the application process, students must submit a Genuine Temporary Entrant (GTE) statement, clarifying the authenticity of their application details. This includes their introduction, reasons for studying in Australia, career intentions post-graduation, and reasons for choosing to study in Australia. Ambiguities in these details may lead to visa refusal.
Even after obtaining an Australian student visa, it is crucial not to forget the original purpose of your visit. According to Australian government guidelines, students must adhere strictly to the conditions of their visas, including limiting work hours to no more than 48 hours every fortnight and maintaining at least an 80% attendance rate in classes, failing which the student visa may be cancelled.
Stay Updated with Cyclopes for Comprehensive Study Abroad Information
The processing time for an Australian student visa varies from person to person. Students who receive their admission letters should prepare their application documents promptly and complete the Australian student visa process early to avoid delays due to lengthy approval times. Additionally, students should ensure their financial proof meets the requirements for an Australian student visa. If students and their parents wish to learn more about studying abroad, they are welcome to inquire with the Cyclopes study abroad team, who will tailor a study plan based on your needs.