Increase to the financial requirements for certain Student Visa applications

This article explains the changes, potential impact on visa applications and why using an expert of your choice may be beneficial.

Increase to the financial requirements for certain Student Visa applications

Sufficient funds for cost of living
In certain instances student visa applications must be submitted with evidence the applicants have sufficient funds available whilst undertaking studies in Australia.
Today, the Department of Home Affairs announced the minimum funds required will increase on 1 February 2018 – the increase will start at around 2.3% and will continue to change in line with Australia’s consumer price index (CPI).

From 1 February 2018:

Main Student or Guardian: $20,290
Partner or Spouse: $7,100
Per Child: $3,040

Many changes to the migration portfolio and the various types of Australian visas have come into effect over the last 6 – 8 months. Some of these changes are still in place and some have been disallowed subsequently reverting back to the original requirements.
More changes to the migration program are scheduled to take place over the coming months and are likely to create a surge in the number of visa applications being lodged before those changes take effect.

With that in mind, this is a timely reminder that the Department of Home Affairs may make decisions on visa applications based on the information submitted and in many instances are not required to ask for further supporting evidence.

In light of the above, the chances of lodging an invalid application and risking your immigration status, or having a visa application refused is a real possibility.

MY VISA ONLINE has many years of experience and is ready and able to assist you to achieve your migration goals.

If you would like to work with us, the best way to proceed is to book a consultation with our advisor. Aside from outlining your migration options in writing, you will be able to judge for yourself what it’s like to work with MY VISA ONLINE and whether we are the right experts for you.

University’s educational business partners who are participating in the SVP

“From 24 March 2012, in recognition of the universities’ good track record, student visa applicants enrolled in Bachelor, Masters or Doctoral degrees at participating universities, regardless of their country of origin, will be treated as though they are lower risk, similar to the current Assessment Level 1

Implementation of the Government Response to the Knight Review of the Student Visa Program

The majority of the stage two Knight Review changes are proposed to be implemented on 24 and 26 March 2012 with some other changes proposed to commence later in 2012 and in early 2013.

One of the recommendations agreed to by government is the introduction of new post-study work arrangements, which are planned to come into effect in 2013

UK blacklists 2000 Indian banks from student visa process

London, Oct. 25: As of November 24 this year, around 1,940 banks — mostly cooperative ones — have been named as “financial institutions that do not satisfactorily verify financial statements,” according to the UK Border Agency. It means that students who need to show evidence that they have enough funds to support themselves through a course in the UK won’t be able to rely on statements from any of those institutions. The agency, part of Britain’s Home Office, provides a full list of names, ranging from the Ahmedabad Mercantile Co-Op Bank Ltd, to the Bangalore City Co-operative Bank Ltd, to the Pondicherry Coop. Urban Bank

Indians worst hit as Australia axes 15,000 student visas

Sydney: Immigration authorities in Australia have cancelled 15,066 foreign student visas in the last one year, and the worst hit are Indians. Of the total, 3,624 students lost their visas because they flunked in some or all subjects or were no-shows to class, the Herald Sun reported. This was a 37 percent rise in visa cancellation

New English Language Tests for Student Visas

From 5 November 2011, the department will accept English language test results from the following alternative tests to the International English Language Testing System (IELTS) for Student visa purposes taken in any country:

•Test of English as a Foreign Language internet-based test (TOEFL iBT)
•Pearson Test of English (PTE) Academic
•Cambridge English: Advanced (CAE) test (also known as Certificate in Advanced English).

Boost to International Education Sector in Response to Knight Review

The Minister for Tertiary Education, Skills, Jobs and Workplace Relations, Senator Chris Evans, and the Minister for Immigration and Citizenship, Chris Bowen MP, today announced a suite of measures to enhance competitiveness in Australia’s international education sector.

The new measures are in response to the report by the Hon Michael Knight AO, Strategic Review of the Student Visa Program 2011, which was released today

Student Visa Program Report

Key Points
• The March 2011 quarter data indicates that student visa applications may be stabilising from the decrease
experienced in 2009 and 2010.
• There were 36 523 student visa applications lodged in March 2011. This was the second highest number of
applications lodged during March in the last 4 years.
• The grant rate for student applications for the 3 month period between 1 January and 31 March 2011 increased to
93.6% compared to the previous 3 months (92.8%).
• There were 183 441 student visa grants in the 2010-11 program year to the end of March 2011. This represents
11.1% decrease compared to the same period in 2009-10 (206 354 grants).
• Visa processing times have improved considerably, compared to the previous four periods, with 75% of all
applications processed in 29 days during this quarter.