If you are looking to get Australia student visa for the 2026 intakes, you need to be aware that the rules have changed. The Australian Department of Home Affairs has revamped the old GTE requirement into the new Genuine Student (GS) test and updated the financial thresholds.
This guide covers everything you need to know about the financial requirements in Australia for the 2026 intake, the new GS criteria, and how to secure your Australia student visa without stress.
The Big Shift: From GTE to Genuine Student (GS)
For years, students worried about the GTE statement. From 23 March 2024, the GTE statement process has officially evolved into the Genuine Student (GS) requirement. These GS rules will continue to apply for students targeting the July and November 2026 intakes in Australia.
Unlike the old 300-word personal statement, the new GS assessment asks you targeted questions in your online Australia student visa application. The goal is to prove that your primary intent is to study and that your course choice aligns with your background.
The GS Questions You Must Answer
- Current Circumstances: Details on your ties to family, community, and employment in your home country.
- Course Choice: Why this specific course? Why this specific university?
- Value of Study: How will this course benefit your future career?
- Study History: Details of previous study in Australia (if any).
Pro Tip: When looking for sample GS answers for the July 2026 intake in Australia, focus on examples that directly link your past study to your future career through the specific Australian course you are applying for.
Financial Requirement For Australia Student Visa
To get your Subclass 500 visa, you must prove you have enough money to survive and thrive. These updated proof-of-funds thresholds are strictly enforced for Australian student visas, including applications for the 2026 intakes
In the 2026 academic year, you must demonstrate access to the following amounts in addition to your travel and tuition costs.
2026 Minimum Financial Capacity (AUD)
| Expense Category | Amount (Per Year) |
| Primary Applicant (Student) | AUD $29,710 |
| Partner/Spouse | AUD $10,394 |
| Dependent Child | AUD $4,449 |
| Schooling Costs (Per Child) | AUD $13,502 |
| Travel Expenses | AUD $2,000 – $3,000 |
Note: These figures are based on the latest Department of Home Affairs indexation. Always check the official site before lodging.
Acceptable Proof of Funds
- Money Deposit: Bank statements showing savings held for at least 3 months.
- Education Loan: An official loan disbursement letter from an approved financial institution.
- Scholarship: An official financial support letter from your provider.
- Income: Evidence of your parents’ or spouse’s personal annual income of at least AUD 87,856 if you apply without dependents. If you include a spouse or child as a secondary applicant, the combined annual income requirement increases to at least AUD 102,500.
How to Write a Winning GS Statement
Even though the format has changed from a long GTE statement to short GS answers, the need for a clear and convincing narrative has not. Here is how to ace your answers for the GS statement for Australia 2026 intakes:
- Be Specific: Don’t just say, “The University of Sydney is good.” Mention specific modules, professors, or campus facilities that attracted you.
- Show ROI: Explain clearly how the total investment in this degree will increase your salary or job prospects back home.
- Gap Explanation: If you have study gaps, explain them with evidence (employment letters, internships, or skill-building courses).
Ready to Get the Australia Student Visa and Start Your Aussie Journey? Navigating the new Genuine Student rules and calculating your financial capacity can be tricky. Don’t risk a refusal.
Aspire Global Pathways (AGP) is here to guide you. From university selection to visa filing, our experts ensure your Australia student visa application is flawless.
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Frequently Asked Questions (FAQs)
1: What is the financial requirement for an Australian student visa in 2026?
For the 2026 intake, the primary student must show at least AUD $29,710 for living costs, plus the first year’s tuition fees and travel expenses (approx. AUD $2,000).
2: Is the GTE statement still required for the 2026 intake?
The traditional GTE statement has been replaced by the Genuine Student (GS) requirement. You now answer specific questions in the application form rather than writing a long essay.
3: Can I use a loan for proof of funds for the Australia 2026 student visa?
Yes, an education loan from an acceptable financial institution is a valid form of proof of funds for an Australia 2026 student visa. The loan must be disbursed or fully sanctioned.
4: How do I find GTE examples for the July 2026 intake in Australia?
While old GTE samples are useful for tone, you should look for updated “Genuine Student response” examples. Focus on factual answers regarding your course value and home country ties.
5: How much is the visa fee for Australia in 2026?
As of the latest update, the Student Visa (Subclass 500) application fee is approximately AUD $2,000. This is subject to change, so always verify on the Home Affairs website.