The Australian government is introducing new measures to assist overseas students, including many Indians, affected by the closure of any university/college.

From Jan 1, 2010, overseas students who require a new visa to complete their studies at another school or college will be exempt from paying the A$540 (approx. Rs.22, 500) student visa application charge.

Just this year alone, 12 education providers have closed affecting about 4,700 students.

After expiry of their present visa, students may have to complete their studies during extended time, which requires a new visa. To obviate this need, the Australian government has decided to exempt such students who are affected with the closure of their primary (or first) education institutions. For the year 2009, students will be able to apply to the Department of Immigration and Citizenship (DIAC) for a refund of their visa application fee, if they have to apply for a new visa.

The government is also increasing the minimum financial requirements for overseas students to ensure they can meet their living costs while in Australia.

From Jan 1, 2010, prospective overseas students will need to demonstrate that they have access to at least A$18,000 (approx Rs.748,000) a year to fund their living costs in Australia, instead of the current A$12,000 (approx Rs.498,000).