After you apply to the University, you will receive a conditional or unconditional offer letter, in this letter University clearly mentions the tuition fee and the cost of living expense.  Based on this letter, you will be required to substantiate to the visa officer that you have necessary funds to study. The following guidelines will help you understand all that is required to put these documents together.

Funds to be shown to the visa officer are Tuition Fees + Living Expenses + Travelling Expenses for a student. The following indicates county-wise funds that are acceptable.

For UK:
Financial supporting documents

• Proof of Liquid funds to Cover the Tuition fees and Living Expenses

• Savings Bank Balance, Fixed Deposit (28 days old funds)
• Education Loan

• All financial support documents must be in English, or with an official translation into English from the bank attached.

• All bank statements and bank letters must be on bank letterhead and include the name of the account holder, account number, and specific amount of funds.

For USA:
Financial supporting documents

• SEVIS fee paid receipt
• Visa application fee receipt
• Interview appointment letter
• Application confirmation page (with bar code)

Supporting Financial documents

• All financial support documents must be in English, or with an official translation into English from the bank attached.
• All bank statements and bank letters must be on bank letterhead and include the name of the account holder, account number, and specific amount of funds.
• Bank Loan is accepted
• An F-1 student may not act as a sponsor for a fellow F-1 student.
• Proof of Liquid funds to Cover the Tuition fees and Living Expenses)

• Savings Bank Balance with 12 months Transactions.
• Bank Loan (Education Loan)
• Fixed Deposits
• Provident Funds
• LIC Policies
• Chits

Affidavit of support from Sponsors

• Self Affidavit
• 3 years IT returns of Sponsor
• Proof of Fixed Assets (Copies of the Property documents)
• Certified CE (Chartered Engineer) Certificate
• Certified Chartered Accountant Certificate

For Australia:
Ensure you have all these documents ready before you head to the visa office.
1.  Electronic Confirmation of Enrolment (eCoE) along with OSHC
2.  Letter of Offer
3.  Evidence of Liquid Funds

• 3 months old funds in saving account and Fixed Deposit
• Education Sanctioned Loan
• Provident Funds
• Post office – MIS, Time deposits
•  Recurring Deposit

4.  Evidence of Income – ITR for last 3 years
5.  Affidavit of Support by the Sponsors
6.  Student Affidavit, if the student is self sponsoring his studies in Australia
7.  Evidence of Relationship
8.  Documents of dependents included in the application- Birth Certificate, Marriage certificate and evidence of marriage (Photos etc.)
9.  If any of your dependents are 5-17 years of age (inclusive in the application), documentation confirming their enrolment in an Australian school and Under 18 Consent Form
10. If the applicant is under 18 years of age you will have to show evidence that appropriate arrangements have been done for your welfare before you lodge your application.