How to prepare the deposit for studying in Australia?

Deposit is a necessary preparation before studying in Australia, and it is also a very important link. However, many parents and students know little or nothing about the deposit of studying in Australia. In order to reduce the trouble of students in the process of applying for studying in Australia, today I will explain in detail the preparation method of studying in Australia.

I. Deposit materials for studying in Australia

1. Six-month deposit

There are generally two forms of study abroad guarantee in Australia: one is deposit and the other is study abroad loan.

Australia's regulations on study abroad guarantees are: all guarantees must have a six-month deposit period. If the duration of the course exceeds three years, the maximum deposit shall be calculated according to the tuition and living expenses for three years; If it is less than 3 years, the tuition and living expenses shall be calculated according to the actual years. There are also differences between public schools and private schools in high school. The annual cost of public high schools is about 6.5438+0.5 million yuan, private schools are a little more expensive, about 200,000 yuan, and undergraduate and master students are about 6.5438+0.8 million-220,000 yuan.

2. Provide a 6-month deposit certificate at the time of delivery.

3. There are six recognized financial institutions in Australia: Bank of China, Agricultural Bank of China, China Construction Bank, Industrial and Commercial Bank of China, CITIC Industrial Bank and Shanghai Pudong Development Bank.

Second, the method of handling the deposit for studying in Australia

1, the amount of guarantee for studying in Australia

The deposit required by the Australian Immigration Bureau for studying abroad visa cannot be less than the sum of all tuition fees and living expenses in the three years before studying abroad. If the study time is less than three years, the deposit shall not be less than the sum of tuition and living expenses of all courses.

The actual living expenses during studying in Australia vary from person to person. According to the regulations of the Australian Immigration Bureau, the deposit is calculated at 18000 Australian dollars per year. If you get married, you have to calculate an extra 6,300 Australian dollars every year; If there are children, the first child will receive an extra $3,600 a year, and the second child will receive an extra $2,700 a year. In addition, an additional 200 Australian dollars need to be reserved for travel and other miscellaneous expenses.

2. Deposit forms and handling methods recognized by the Australian Immigration Bureau.

There are two types of deposits recognized by the Australian Immigration Department: one is a bank deposit certificate, and the other is a loan certificate for studying abroad.

A) bank deposit certificate

All recognized banks in China can apply for certificates of deposit for studying in Australia. If you or your family already have a deposit equal to or greater than the specified deposit in the bank, and the deposit period has exceeded 6 months, you can use it to apply for a certificate of deposit for studying abroad. That is, the deposit is frozen for a certain period of time, usually 3 months, and the bank issues a certificate. With the bank deposit certificate as the deposit for studying abroad, you need to submit the following two documents:

Certificate of bank deposits

A certificate of deposit or passbook with a maturity of more than 6 months corresponding to the certificate of deposit.

B) study abroad loan

Study abroad loan is a convenient and flexible form of deposit provided by Australia for international students. Loans for studying abroad can be secured by cash or real estate. If you use cash as collateral, you can generally get the mortgage amount.

90% loan. It is worth noting that individual banks also provide 20% margin mortgage services to obtain full margin loans. But this kind of loan is discouraged.

The duration of the loan for studying abroad (reflected in the contract) should be consistent with the duration of your course. If your course is longer than three years, then it is good to borrow only three years.

Three, in the form of a loan for studying abroad as a deposit, the following documents shall be submitted:

1. Certificate of studying abroad loan

2. Certificate of deposit corresponding to the certificate of studying abroad loan.

3. Certificate of deposit corresponding to the certificate of studying abroad loan.

4. The loan contract corresponding to the study abroad certificate.