Australia raised the application price for the Student visa (subclass 500) by 125%, marking a dramatic shift in the country's student visa policies. The new price is AUS$1,600, effective July 1, 2024; it was previously AUS$710. The government's determination to improve the credibility and worth of the foreign education industry is demonstrated by this substantial growth.

An official government announcement states that the purpose of this significant increase is to reflect Australia's growing appreciation for education. The increase in fees is a component of a larger plan to bring the international education system's legitimacy back.

The extra money raised will be used to support several significant projects pertaining to education and migration, including the continuous execution of the Migration Strategy.

The government's objectives were underscored by Home Affairs Minister Clare O'Neill, who said, "The changes coming into force today will help restore integrity to our international education system and create a migration system which is fairer, smaller, and better able to deliver for Australia." The government's goal to improve the immigration system while maintaining efficiency and fairness is emphasized in this statement.

Implications for Prospective Students

New fees for accompanying applicants are included in the amended fee schedule in addition to the primary application price increase.

The new fee for each accompanying family member who is over the age of 18 is AUS$1,445; the fee for those under 18 is AUS$390. These modifications represent a thorough reorganization of the visa fee structure to suitably accommodate all applicants.

This fee rise comes after other visa requirements—like the minimum amount of money needed for international students—were recently adjusted. This points to a wider trend of Australia's student visa laws becoming more stringent.

While an increase in visa fees was not specifically mentioned in the budget that was released on May 14, 2024, there were strong indicators that one was on the horizon. These revisions have now been validated by the official statement.

Additionally, especially in the early months of this year, the surge coincides with historically high rates of student visa denial. For potential overseas students thinking about studying in Australia, this background creates more complexity.

Details regarding the updated fee system and its consequences can be found on the Australian Department of Home Affairs website. Amidst the implementation of the new policy, those involved in the foreign education sector will be keenly observing how it affects student enrollment and Australia's general appeal as a hub for education.

FAQS

What is the impact on the eligible age for the Temporary Graduate Visa?

The Post-Vocational Education Work stream and the Post-Higher Education Workstream now have a 35-year-old maximum eligibility age. If they are under 50, holders of British National Overseas Passports and those from Hong Kong will still be qualified.

Will holders of current student visas be impacted by the higher visa fee?

No, only new applications filed on or after July 1, 2024, will be subject to the higher visa charge. This modification does not affect current visa holders.