How Australia's new student visa rule change affects Indians
What's the story
Australia has revised its student visa rules, making it more challenging for international students to gain entry.
Effective May 10, 2024, students must demonstrate they have at least A$29,710 (₹16,29,964) in savings to qualify for a visa.
This change aims to ensure that students can meet their basic living expenses while studying in Australia.
The change is particularly crucial for Indian students, which flock to the country in thousands. Last year alone, over 120,000 Indian students were studying in Australia.
Context
Why does this story matter?
After COVID-19 restrictions were lifted, the country saw a surge in immigration, especially from India, China, and the Philippines.
This has resulted in a rental homes shortage and record-high construction costs.
In March, the Australian government also increased the English language requirements for student visas and implemented regulations to discourage students from prolonging their stay.
Australia Visa News reported a record high of 6,54,870 temporary student visas granted in the country in July 2023, up significantly from the previous year.
Policy shift
New measures to ensure genuine student immigration
In addition to financial requirements, the Australian government replaced the Genuine Temporary Entrant (GTE) requirement with a Genuine Student (GS) requirement to ensure students are genuinely seeking education and not employment opportunities.
Post-Study Work Rights (PSWR) were also extended for up to two years beginning July 1, 2023, allowing students to seek employment in their field of study.
Furthermore, overseas students must have a minimum total score of 5.5 to enroll in their desired university or program.
Financial hike
Other measures introduced by the Australian government
Additionally, the Skilled-Recognized Graduate visa, which previously permitted new engineering graduates to stay, work, or study in Australia for up to 18 months, will be limited from December 22, 2023.
Effective September 8, 2023, international students cannot enroll in two courses at the same time within the first six months of their principal course.
Lastly, work hours during study terms and semesters will be limited to 48 hours per fortnight beginning July 1, 2023.
Enrollment decline
Significant drop in student visas
The international education sector is one of its largest export industries in Australia, having contributed AUD$36.4 billion to the economy in 2022-23.
However, the spike in migration, mostly caused by overseas students, has put a strain on the country's resources.
In March, the Australian government also introduced a 'No Further Stay' clause to curb the influx of migrants.
The "no further stay" condition means that foreign students cannot apply for another visa (with a few limited exceptions) while in Australia.