Australia offers value for your money, with living expenses (such as private rent) and tuition costs comparable with the United States and United Kingdom. You can earn a small amount by working part-time up to 40 hours every two weeks while you study. However, you cannot rely on this as your only source of income.
To receive a student visa, you will have to prove that you have enough money to pay for living expenses, education costs and travel for the entire duration of your course. Visa conditions prohibit you from paying all your expenses from part-time jobs.
You need to maintain insurance called Overseas Student Health Cover (OSHC) while your student visa is valid. You will also be responsible for your own accident and property insurance. It is also advisable to purchase travel insurance before leaving your country to cover lost baggage, cancellation of plane tickets and repatriation.