Hyderabad, May 9 -- After Canada recently increased the funds required for student visas, Australia has made a similar decision.

Effective on May 10, 2024, students applying for Australian visas are required to show funds equivalent to 75 percent of the national minimum wage.

Australia increases fund requirement for student visas by over 21 pc

Currently, the fund required for an Australian student visa for the primary applicant is AUD 24,505, which will be increased to AUD 29,710 after May 10, 2024. This marks a hike of over 21 percent.

The decision was made to ensure that students can afford basic living expenses in Australia.

Earlier, Australia increased the funds required for student visas from AUD 21,041 to AUD 24,505 in October ...