Confess it! Your eyes brightened and your hopes elevated the moment you saw the title of this article. For most of the students, the only thing between them and their dream study abroad destination Canada is the Budget constraint. What if we tell all Canada-enthusiasts that studying in Canada is affordable and you can make your dreams comes true? Read on to know how much money you need to study and live in Canada.
It makes more sense to apply for a course in Canada as bright students have better chances of making it in good University keeping in mind the cut-throat competition in India. For instance, last year around 1.3 million students sat for the JEE Main examination in India. From the top 150,000, only a total of 27,152 candidates qualified for the JEE Advanced. Look at the selection rate – 0.02%. Isn’t it better to invest your time and resources preparing to qualify in one of the leading universities in Canada? This reason alone would dispense all your doubts about Canada education being pricey!
The very first misconception students and their parents have is – Canada is a costly education destination. In fact, it costs lesser to study and live in Canada as comparison to studying in the US or in Europe. The wiser ones do not consider studying in Canada as an expense; it is a lifelong rewarding investment which will give you a brighter future owing to world-class education, quality lifestyle, and globally recognized degrees of Canada. So like all other investments, this one also needs financial planning and vision. canada pr process
On an average, an international student ends up spending 800 Canadian Dollar every month as cost of living. This amount may go up or down depending on your city. Like in Toronto, the monthly cost of living goes up to 1000 CAD.
You can minimize your Canada education expense keeping these factors in minds –
1. Choose a not-so-costly city – If you are facing a budget constraint, it is better to choose your college campus in suburban areas and avoid living in Vancouver or Toronto campuses which are costlier than other cities of Canada.
2. Choose to live in hostel than private accommodation – Living in Hostel would be cheaper as compared to living as PG in private accommodations. Living as a PG however gives you a lot of freedom and convenience. So you can take the decision depending on the funds available with you.
3. Apply for Scholarship – Many Canadian colleges and universities offer financial assistance to international students. With expert guidance of abroad education consultants like Canam Consultants, you can choose a college or University that gives you scholarships, grants and bursaries, at both undergraduate and postgraduate levels. International students can apply for specific scholarships for sporting and academic achievement and subject-specific scholarships as well.
Talking about how much funds an international student needs to arrange:
Every international students is expected to show this much money as would suffice to meet your costs of studies and living in Canada for one year. Citizenship and Immigration Canada (CIC) requires this proof that you have sufficient money and funds available to pay your fee and sustain in a foreign country. The college you have chosen in Canada will provide you an estimate of your cost of living in Canada. In case this estimate is not give, international students need to show evidence of $10,000 for 12 months living expenses for a student.
If a student is going to Canada post marriage, he or she needs to show additional funds to the tune of $4,000 for spouse and another $3,000 for each dependent (or child). This amount in inclusive of accommodation, food, medical insurance, transportation, books, and clothing but it does not include any Tuition or other fees.
Once you are in Canada, you can sustain on your own; thanks to handsomely paying part time jobs. As a student, you can take up such jobs for 20 hours per week and get paid nicely. This revenue will cover up your cost of living for next year.
So relax your mind and focus on your goal of Canada Education. Whatever help you need in planning your student life in Canada, you can avail that from expert and friendly team of Canam Consultants.