What are the different requirements for New Zealand Study Abroad Guarantee for applying in China and applying in New Zealand?

The New Zealand study guarantee deposit is a major factor in successfully obtaining a New Zealand study visa. It is calculated based on the length of the course. The requirements for studying in New Zealand are also different for applying in China and applying in New Zealand.

According to the New Zealand Study Abroad Network, the New Zealand Immigration Service requires applicants to provide proof of savings when applying for a student visa to support their study and living expenses in New Zealand. According to the New Zealand Study Abroad website, the amount of New Zealand guarantee money is calculated based on the length of the course. The requirements for guarantee money are different for students who apply in China and students who are already in New Zealand. What are the different requirements for New Zealand study abroad guarantee for applying in China and applying in New Zealand?

If the applicant is in China:

Normally, a guarantee deposit of 150,000 per year is required. If the IELTS score is not enough and you need to take language classes, an additional deposit of 150,000 is required. For example, if student A requests a language + two-year master's degree, he needs to provide a guarantee of 450,000 yuan.

The forms of fund guarantees are as follows: According to the New Zealand Study Abroad Network, if the bank deposit exceeds 6 months, there is no need to explain the source of funds. If the bank deposit is less than 6 months old, you need to explain the source. For example, the money was transferred into a deposit after selling the house, or it was a financial product purchased before and transferred out now, etc. As long as the source of funds can be explained, there is no need to save for 6 months. Students who are not satisfied with the six-month deposit period and cannot explain the source of funds can apply for a special account for international students in New Zealand, which can also be used as a guarantee. However, the money in this account can only be used for study abroad expenses and cannot be withdrawn for other purposes.

If the applicant is in New Zealand:

Applying to a university in New Zealand is relatively simple. Applicants in New Zealand only need to provide the tuition fees for the current year of study and 15,000 New Zealand dollars. Proof of living expenses is enough. For example, student B, whose tuition fee for the year is NZD 20,000, plus living expenses of NZD 15,000, needs to provide a total deposit of ***35,000.

So there is a big difference between the two. I hope the editor’s answer will be of help to everyone. If you still don’t understand anything, you can also log on to the New Zealand Study Abroad website to learn more.