A man in his 30s was in critical condition after suffering multiple lower body fractures. Another man was also seriously injured.
The seriously injured men were flown to Melbourne hospitals. They were among four people who were trapped for three hours after the crash.
The Indian student who died and the seriously hurt passengers were seated on the passenger side of the van. All the occupants were from Broadmeadows.
The police said the driver was a 27-year-old man, who was not believed to have been seriously injured.