Canada has been a popular destination for international students and especially for Indian students.
In 2019, according to data from Immigration, Refugees and Citizenship Canada (IRCC), prior to the COVID-19 pandemic, 638,380 international students received a study permit. Further reinforcing this trend in 2021 as borders opened up, 621,565 international students were issued study permits for courses that had a duration of at least six months.
Canada is popular amongst students looking to further their studies abroad for several reasons. Canadian institutions offer world-class education, research facilities, faculty, multicultural classrooms, and work opportunities after course completion.
Another salient factor is that the cost of education is relatively more affordable than in some other popular countries or destinations. In 2021, Indian students accounted for the largest portion of international students as the Canadian government issued 217,410 study permits to Indian students.
Canada offers degree programs at the undergraduate, graduate and postgraduate levels through world-renowned universities and also offers diploma and certificate courses to ready individuals for specific skills, jobs and trades through colleges. At least three Canadian universities feature in the Top 100 global rankings by both US News and QS World University Rankings.
So what does it cost to study in Canada? Let’s take a closer look and the breakdown of the various costs involved.
Often overlooked by most students and parents when budgeting and planning a big decision such as studying abroad. Each university or college charges a fee in order to submit an application. Application fees range from CAD 50-250 (approx INR 3,000-15,000) per application depending on the university/college and program. Students generally apply to a few universities to improve their chances and hence this can add up.
Common entrance tests and fees
Canadian universities will require students to display their English proficiency via tests such as the TOEFL or IELTS and also other centralised tests such GRE or GMAT for graduate-level programs and in some cases the SAT for undergraduate level programs. The cost of these tests ranges from CAD 150-330 (approx INR 9,000-20,000) depending on the test.
The cost of applying for a study permit for Canada is approximately CAD 150 (Approx INR 9,100)
This can vary depending on the course, duration and university. Tuition fees for Canadian universities can range from CAD 8000- 52000 (approx INR 5 lakhs- 30 lakhs) depending on the above factors.
This again varies slightly depending on the city, however, students should budget for anywhere between CAD 12,000-16,000 (7 lakhs- 10 lakhs) a year for living expenses. Students can work part-time and help pay for some of their living expenses, however, it is always better to budget for a full year.
Canada has a lucrative post-study work program that enables students to find employment in Canada after the completion of their programs. These permits can stretch up to 3 years depending on the duration of the course.
Working in Canada can help students gain experience in the field of their choice while also increasing their earning potential, enabling them to pay back student loans or afford their living expenses.
Several students also apply for permanent residency as they gain much required Canadian experience through their post-study work opportunity. This too has been a growing trend in recent years.
There are several educational loan providers that help students and families make all this affordable and their dreams of studying abroad a reality. However, ensure that due diligence is conducted before proceeding.
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