New Zealand is one of the favourite study abroad destinations among international students. It offers many advantages to students. Some of the advantages of study in New Zealand are
- Students get to Study in top class universities and colleges in New Zealand
- Applicants may choose from Hundreds of courses availability
- Course availability from Diplomas, Bachelors, Masters to PhD
- Part time Work during study
- Post Study work Visa after completion of study in New Zealand
- Settlement options after Study in New Zealand
- Dependent spouse work visa for New Zealand student visa holder
- Dependent spouse visitor visas
- Dependent child study visa for New Zealand study visa holder
- Dependent child visitor visa
Requirements for Apply for New Zealand study visa
There are many requirements which the students must fulfil if they would like to study in New Zealand like being a bonafide applicant, having good health, having good character, having logical study progression , having money to name a few. One of the important requirements is of having enough funds to pay for your tuition fee and support your cost of living while in New Zealand. This blog article compiled by an experienced LIA- Licensed Immigration Adviser for New Zealand explains the New Zealand Study Visa Financial Requirements.
New Zealand Study Visa Financial Requirements
To make the financial requirements easy to understand this is explained in major three points. Applicants in order to apply for their New Zealand study visa must refer to below
- Enough funds to support the NZ student visa application
- Funds to be held in the name of acceptable sponsor
- Source of the funds
Enough funds to support the NZ student visa application
Having enough funds for the tuition fee and cost of living is one of the major requirements which the students must meet. The amount required would depend on the course the student wishes to study. If the student wishes to study one year course then the funds required for New Zealand study visa are as below
- Tuition fee for one year along with cost of living for one year and travel expense.
- The cost of living in New Zealand is 20000 for one year
- The travel expense is NZD 1500
So for a course of duration of one year with tuition fee NZD 25000 the total amount required would be
- 25000 + 20000+1500 which comes out to be NZD46500
As mentioned above the funds required would depend on the duration of the course. If the duration of the course is more than one year then the amount of funds required for New Zealand study visa application would be different. Applicants may opt for payment plan if they do not have liquid funds for second year. Applicants must consult the best New Zealand study visa consultant who can guide you about the funds and payment plans for NZ study visa application.
Funds to be held in the name of acceptable sponsor
Along with having enough funds to support the NZ student visa application, the Funds must be held in the name of acceptable sponsor. This requirement of having Funds to be held in the name of acceptable sponsor is specific to the applicants from India in this blog article. If you are applicant from India then your sponsor must be acceptable as per the definition of acceptable sponsors by Immigration New Zealand- INZ. For Indian applicants following people can show funds for your NZ student visa application
- Your father
- Your mother
- Your maternal grandfather and grandmother
- Your paternal grandfather and grandmother
- Your real brother
- Your real sister
If you are a married applicant then the following also can be your sponsors for New Zealand study visa along with the above relations
- Your father in Law
- Your mother in law
- Your spouse
Source of the funds for New Zealand Study Visa
This is the third very important point in New Zealand Study Visa Financial Requirements. If you fulfil the first two requirements that is having enough funds to support the NZ student visa application and Funds to be held in the name of acceptable sponsor but if you do not fulfil the third requirement that is source of the funds, your visa application could be refused. So it is a mandatory condition that you provide the source of funds supporting your New Zealand student visa application with Immigration New Zealand.
Apply your Study in New Zealand visa application through experienced LIA for New Zealand at West Highlander, Chandigarh, India
West Highlander is a one of the best immigration consultants in Chandigarh offering expert services to the clients aiming to study and settle abroad. We are a reputed source in Chandigarh, India where you can seek high quality services related to study abroad. West Highlander possess more than 16 years of experience in the immigration industry and knows the thin and thick of it. The director of West Highlander- Ms. Parwinder Kaur is IAA licensed. She guides the clients about the latest rules and regulations of the New Zealand immigration industry.