An LIA- Licensed Immigration Adviser has compiled the data for Funds requirements 2023 for Indian Students. In this article you can find answers to questions such as how much bank balance is required for student visa in New Zealand? How much does a New Zealand student visa cost? How much money do you need for New Zealand study visa? How do I fund my student visa for New Zealand? Since 17 years West Highlander has helped study in New Zealand aspirants to get their New Zealand student visa. Ms.Parwinder Kaur, the director at West Highlander is an LIA- Licensed Immigration Adviser and she is qualified to help international students to get New Zealand student visa.
In this blog
- How much does a New Zealand student visa cost?
- Updated funds requirements for Indian students for study in New Zealand
- How much bank balance is required for student visa in New Zealand?
- Who can sponsor you for New Zealand study visa from India?
- New Zealand student visa proof of funds for Indian students 2023
- Evidence of Income for New Zealand study visa for Indian students 2023
Updated funds requirements for Indian students for study in New Zealand
In the recent year, New Zealand announced some changes that will be in effect for the New Zealand study visa process 2023 and Indian students and international students must keep that in mind. There were major changes made to some of the aspects of the New Zealand study visa process, and some of them are regarding the post study work visa rights.
In case of non-degree diploma programs in New Zealand International students can now get post study work visa in New Zealand only if the program is listed on the green list of New Zealand. Another factor that was affected by these changes was the New Zealand study visa funds requirement for Indian students.
One of the most important requirements for New Zealand study visa process 2023 is having enough funds to support your study in New Zealand. That is why international students always have questions like, how much bank balance is required for student visa in New Zealand? How much does a New Zealand student visa cost? How much money do you need for New Zealand study visa? How do I fund my student visa for New Zealand?
There are two main things that make up the New Zealand student visa cost and one is tuition fees for study in New Zealand and the other is cost of living in New Zealand. There are the key requirements for applying New Zealand study visa. If the international students do not fulfill this requirement it will have a negative impact on their New Zealand study visa application.
How much money do you need for New Zealand study visa depends on the programs you are planning to study in New Zealand. International students must have the tuition fees of the program and cost of living in New Zealand as per the length of the program. Applicants must also show a payment plan for the subsequent years of study in New Zealand.
Updated funds requirements for Indian students for study in New Zealand includes NZ $20,000 as the cost of living in New Zealand for one year. This also includes the subsequent years of study in New Zealand. Previously New Zealand student visa cost included the cost of living for 1 year as NZ $15,000 per year.
Funds required for 2 year course for study in New Zealand
In case the international students are doing a 2 years program in New Zealand they must have 2 years of tuition fees as well as 2 years of cost of living, to meet the New Zealand study visa process 2023. As mentioned above the cost of living in New Zealand for one year NZ $20,000.
Funds required for 1 year course for New Zealand study visa as per New Zealand study visa process 2023
International students applying for New Zealand student visa must have 1 year tuition fees and 1 year of cost of living, in case they are doing a 1 year course in New Zealand.
Who can sponsor a student to study in New Zealand?
There is a specific list of people given by Immigration New Zealand that can sponsor a student to study in New Zealand. Here is a list of people who can sponsor a student to study in New Zealand according to Immigration New Zealand.
Eligible sponsors list for New Zealand study visa in case the applicants are married
- Parents of the applicant
- Grandparents of the applicant
- Real brother or sister of the applicant
- Spouse of the applicant
- Parents in law of the applicant
Eligible sponsors list for New Zealand study visa incase the applicants are unmarried
Parents of the applicant
Grandparents that is both sets of grandparents- your paternal grandparents and your maternal grandparents
Siblings (real brother or sister) of the applicant
Apart from the above mentioned Eligible sponsors, no one else can sponsor a student to study in New Zealand.
New Zealand student visa proof of funds for Indian students 2023
New Zealand study visa process 2023, includes knowing the amount of funds required, eligible sponsors list and next the part is about being aware what kind of funds are accepted for New Zealand study visa application.
The below mentioned funds are acceptable according to Immigration New Zealand for students applying for New Zealand study visa from India
- Bank statements of last 6 months
- FDR (last 6 months)
- Education loan sanction letter
- Accounts statement of Provident funds
There is also a list of funds that are not acceptable for New Zealand study visa application. They are
- Kisan credit card loan
- Funds in post office
- Funds in cooperative societies
- Agriculture income
- Gold Loan
Evidence of Income for New Zealand student visa for Indian students 2023
Study in New Zealand aspirants must provide documents as proof of income, and these documents depend on the sponsor’s occupation. These are some of the documents that the applicants can provide as proof of income
- Pay slips
- Current account statements of business
- Bank account statement where the salary is credited
- Income tax returns
- Business registration certificates
- Firm registration certificate