Australia has announced a significant increase in the financial requirement for international student visas, aiming to control record migration and address concerns over student exploitation. The new rule, effective from Friday, mandates international students to demonstrate savings of at least A$29,710 ($19,576) to qualify for a visa. These changes come amid broader efforts to tighten student visa rules, as the lifting of COVID-19 restrictions in 2022 triggered a surge in migration, contributing to the strain on Australia’s rental market. In March, the government also increased English language requirements for student visas, and has been implementing policies to prevent students from prolonging their stay through various loopholes. “Dodgy providers have no place in our international education sector.

Source: Economic Times May 08, 2024 19:50 UTC