What if I have financial problems?

For many students, living in Australia means living independently for the first time and you may have to learn new budgeting skills.

The international student office or student services unit at your institution can advise you on banking in Australia and how to budget your money to avoid financial troubles.

Many universities and large institutions have a bank branch on campus. The tellers in these branches can give you advice.

Your family can deposit money directly into your Australian account from home, which allows you to access the money more quickly than a cheque or bank draft sent in the mail. These transfers usually take around three days to clear. Most banks enable phone banking and internet banking.

Some larger institutions offer emergency finance loans but funds are strictly limited and you must repay all the money plus interest.

To be granted a student visa into Australia, you must have the finances you need to cover all tuition fees and living costs for the length of your stay. You should therefore not have major financial problems during your studies.

See also Banking, Work, Living Costs and Accommodation

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