Great question! The amount of education loan you need for studying in Australia depends on several factors, including your university tuition fees, the cost of living, and additional expenses like travel, insurance, and visa charges. Here’s a breakdown based on the latest guidelines and typical expenses:

1. Tuition Fees

- Undergraduate Courses: AUD 20,000 to AUD 45,000 per year (varies by course and university)
- Postgraduate Courses: AUD 22,000 to AUD 50,000 per year

2. Living Expenses

As per the Australian Government (2025), you must show evidence of at least AUD 29,710 for annual living expenses (food, accommodation, transport, etc.).

3. Travel & Other Expenses

- Airfare: AUD 1,500 – AUD 2,500 (approximate, one-way)
- Overseas Student Health Cover (OSHC): AUD 500 – AUD 700 per year (mandatory)
- Visa Application Fee: From 1st July 2025, the main student applicant fee is AUD 2,000 (dependents extra).

4. Total Minimum Amount to Show (Proof of Funds)

For your student visa, you’ll generally need to show:
- One year’s tuition fee (as per your offer letter)
- Living expenses: AUD 29,710
- OSHC and travel: Around AUD 2,000 – 3,000 extra

Example Calculation:
If your tuition fee is AUD 30,000 per year:
- Tuition: AUD 30,000
- Living: AUD 29,710
- OSHC & Travel: AUD 2,000
- Total: AUD 61,710

5. Loan Amount Needed

Most students apply for an education loan that covers:
- Tuition fees for the first year (sometimes for the entire course)
- Living expenses for one year (AUD 29,710 minimum)
- OSHC, travel, and visa fees

Typically, a loan of AUD 45,000 – AUD 65,000 (INR 25–35 lakhs approx.) is sufficient for most courses and universities. You may need more if your tuition fee is higher or if you have dependents.

Note:

- Banks in India usually prefer to disburse the amount in INR, but they will issue a sanction letter showing the equivalent amount in AUD.
- For visa purposes, you must show proof of funds (loan sanction letter, bank statements, etc.) for at least the first year’s tuition + living expenses.

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We at Pollster Education can help you with the complete education loan process—from documentation to coordinating with leading banks and NBFCs. If you’d like a personalized estimate based on your chosen university and course, please share your details or contact us at +91 9324480791 or info@pollstereducation.com.

Would you like a list of Australian universities, or details on loan process and eligibility?