The Australian study abroad guarantee fund provides information about people and forms.

The deposit amount 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 amount shall not be less than the sum of tuition and living expenses of all courses.

Many domestic students choose to study in Australia, and there will inevitably be the problem of guarantee money. An important part of applying for a study visa in Australia is to prove to the Australian Immigration Bureau that you have enough funds to pay tuition and living expenses, which is what Australian study experts often say: to provide proof of deposit for studying in Australia.

The person and form of providing the deposit

Providing crowd: the applicant, the applicant's spouse, the applicant's parents, the applicant's siblings or the applicant's grandparents can provide financial guarantee for the applicant to study abroad. If the applicant's uncle or aunt is an Australian citizen, an Australian permanent resident or a New Zealand citizen who has long lived in Australia, they can provide financial guarantee for the applicant to study abroad.

Form of provision: funds with a term of more than 6 months provided by financial institutions recognized by the Australian Immigration Bureau and overseas study loans issued by recognized banks are also effective forms of fund guarantee.

Margin amount

The deposit amount 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 amount 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 add 6300 Australian dollars a year. If there are children, the first child will be added with 3600 Australian dollars a year, and the second child will be added with 2700 Australian dollars a year. In addition, an additional 2,000 Australian dollars will be reserved for miscellaneous expenses such as travel. These living expenses guarantees can truly reflect the annual living expenses of Australian students.

Margin description:

1. This deposit has a deposit history. According to the regulations of the Australian Immigration Bureau, the deposit period for studying abroad must be more than 6 months (the purpose of this regulation is to check whether the deposit is really your own income accumulation). It is best to make small deposits and avoid large deposits, because in the eyes of visa officers, this will be more in line with the deposit habits of China people and will not make visa officers feel that the source of funds is suspicious. Note that the funds of the study abroad guarantee fund must not be used during the visa application period (the consequence of using it is to refuse the visa, which is a lesson from the past and should not be underestimated). Therefore, people who plan to study abroad must make preparations in advance and put their money in the bank for later use, which can fully prove their economic strength and save the interest (see below) and trouble on loans.

2. Note that the Australian Immigration Bureau does not recognize postal savings. There is also a wealth management account. Some parents deposit money in financial accounts. Because this kind of deposit is often taken out by banks for investment during the deposit period, it is unstable, so it is not considered as an effective form of capital guarantee. However, in order not to lose interest, some parents are unwilling to take out their money and deposit it as a qualified deposit, and do not follow the requirements of the embassy. Think about it. If you insist on using the deposit in the wealth management account as a guarantee, you will become the first experiment and bear the risk of refusing the visa. I hope parents can weigh which is more important. Once the visa is rejected, it will waste not only money, but also the children's study time. These costs are far higher than your interest.