Canada has over the years become one of the popular emerging destinations for students wishing to pursue education abroad. The country has seen the number of overseas students enrolment increase manifold for various educational courses. According to the statistics from IRCC, there were more than 5,72,000 overseas students enrolled in Canada. India has been the frontrunner in the enrolment, with an estimated 40,000 Indian students currently studying in Canada with Bangladesh, Vietnam, Columbia and Iran not far behind. Some of the main reasons that make Canada an ideal overseas hub for Indian students are its Quality education, safe environment and its matchless natural beauty. Another reason that attracts a number of Indian students to Canada is its competitive fees in comparison to what it takes to undertake a similar course at an institution in the US, UK and Australia). Now the students can calculate the approximate costs of studying at different universities in Canada through a very useful online tool offered by the Council of Ministers of Education, Canada (CMEC). The tool allows prospective international students the advice regarding the credentials to be submitted for admission to various universities along with the necessary deadlines.
India has been the dominant player in sending students to Canada, with the number of student enrolments grew by 40% since the last year and 35% since the last half-decade.In comparison, the number of Chinese students rose by a meagre 2% last year. Quite evident from the above, the Chinese market is slowing down and the Indian counterpart is surging ahead. Studying abroad is a dream that many candidates aim to fulfil, but have to let go owing to the financial constraints involved. And it is not only overwhelming academic Tuition Fees that one needs to worry about but also the anxiety about visa approval, Travel and finally the living expenses (Rent, Food and other Miscellaneous items) upon reaching. Canada is one country which offers affordable quality education, however, it is advisable to consider other variable expenses in planning your budget for overseas study. Purpose of this blog is to make the candidates aware of the expenses incurred and the various means of how to lower his overall cost.
1. Tuition Fees is the major concern
Tuition fee is one of the crucial decision-making factors in shortlisting the course and the university one opts for. It is quite evident that the fees that the universities charge vary according to the institution and the course. Most of the universities have higher fees for Medical, Engineering and Management Courses, while the fees for Arts or Education subject are significantly less. And as obvious, the tuition fee is considerably higher for Post Graduate and Doctorate degrees.
The MBA degrees are amongst the most expensive, with the average annual fees of some of the noted colleges to be in the range of approximately $50,000.(University of Toronto MBA program has a total fee of $116,510 CAD, whereas the Rotman School of Management has total academic fees of $120,680 CAD).Thus carefully planning of the course in accordance with the expected expenses incurred is a wise strategy in finally deciding on the choice of the institution. Having said that, we advise the students to keep an active check on the scholarship or assistantship opportunities available for International students. Each university has respective deadlines and these opportunities being highly competitive, and are given on a first come first serve basis, the student should be proactive in applying to these on time. These scholarships can significantly bring the cost of the education down. Some of the best study visa consultants in Chandigarh such as TBIL can provide the students to search for various resources available for financial assistance in Canada.
There are many scholarship programs that Indian students can apply for. These programs can significantly waive off their tuition fees.
1.Government Scholarships- NSERC Postgraduate Scholarships, IDRC Research Awards, Banting Postdoctoral Fellowships etc.
2.Non-Government Scholarships- Anne Vallee Ecological Fund and Trudeau Scholarships and Fellowships.
3.Awards and Scholarships- Carleton University Awards for International Students, McGill University Scholarships and Student Aid, Dalhousie University Scholarships etc.
2. Proficiency Exam (IELTS) and University Application Fees
Most of the Canadian universities ask Indian students to submit their IELTS(International English Language Testing System), The exam is jointly managed by British Council, IDP Education, and Cambridge Assessment English. This standardised test is available in 2 modules mainly: “Academic” and “General training”. The IELTS exam has two versions namely Academic and General Training Module respectively. Each version consists of four sections namely Listening, Reading, Speaking and Writing. Each section is scored on a ‘BAND SCORE’ varying from 0-9. The candidate is given an individual section score and an overall score. University admission officials consider these scores in order to admit students to the various courses. IELTS examination fees for the candidates administered after 1st April 2018, is INR 12,650. Students have the option to pay through online(credit/debit payment) or can pay in person through credit or debit card / DD / ICICI bank deposit slip.
Most of the students apply to multiple universities before getting accepted by some and then end up in the selection of a single University. Application to each institution involves the mandatory corresponding fees which vary from $80CAD to $150 CAD(Fees can be higher ). Prospective students should make necessary considerations of all these financial parameters before aiming for a foreign credential. Some of the best IELTS coaching centres provide detailed guidance on how to score high in the exam. Besides these institutes provide you with important guidelines and time-saving tips for the exam.
3.Cost of Living
Most of the resources point out that one needs an additional $8000 to $10,000 annually besides the tuition, in order to sustain yourself in Canada. One should be extremely evaluative about his budget before embarking on a study visa. The living costs are dependent to a great extent on the location and the choice of accommodation, although the bigger cities are generally regarded as the most expensive. Considering the huge influx of international students, most universities offer On-Campus accommodation facilities to international students like dormitories or on-campus facilities for graduate students. There are off-campus accommodation available too which the students can with other International students from India. The cost for a shared Off-campus apartment can vary from anything around $400 to $700 whereas the annual cost of an On-campus apartment as mentioned above comes around $8000 -$9000 , These figures are again an average and can vary depending upon the city and the lifestyle of the individual. Some of the items included in the miscellaneous are food, books and course supplies, phone costs and mandatory Insurance costs. One must remember to purchase health insurance while studying in Canada. which is approximately $600-800 CAD annually. Though the cost of living starts from the time you land in the country, it is important to be self-aware beforehand and plan ahead. The International Students are allowed a maximum of on-campus 20 hours of job which are extremely helpful in covering a decent part of your living expenses (provided one is not spendthrift). The student has to meet the following five criteria in order to be eligible for working on campus.
a) Valid study permit
b) Full-time student
c) The student has enrolment at a designated learning institution at the post-secondary level
d) Academic, vocational or professional training program that leads to a degree, diploma or certificate that is at least six months in duration.
e) Social Insurance Number (SIN) from Service Canada to work in Canada or to receive benefits and services from government programs.
In order to study in Canada, the first step is to secure a valid study permit and that comes with its own costs (approx. CAD 150)(The candidates are advised to check the latest fee at https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit.html).
Before proceeding for the Canadian Student Visa, the student should understand the necessary documentation for the application of Canadian Visa. Indian students are required to obtain both the Study Permit and a Temporary Resident Visa (TRV). While the study permit is a document issued by the Citizen and Immigration (CIC) which allows you to study in Canada.
It is necessary to have a Temporary Resident Visa (TRV) along with the student Visa for legal entry to Canada. The difference between the two is that the former is a document that allows one to study in Canada, while the latter is a visa that allows you to enter Canada.TBIL, one of the best student visa consultants in Chandigarh can provide you with the updated information and get you connected with authorised migration experts. Listed below are some of the mandatory items to be submitted along with the visa application.
i) An acceptance letter from your education institution.
ii) Valid passport or travel document.
iii) Proof of financial support./Educational Loan/Financial Statements
iv) Proof of no criminal record.
v) Medical Certificate
vi) English Proficiency Test Scores.
Transportation also adds on significantly to the overhead expenses other than the Tuition Fees. Some of the best study consultants in Chandigarh, such as TBIL can guide you on the most ideal location to live that are in close proximity to the institution. The team of TBIL is aware of the affordable and safe areas from where the students have easy access to public transportation like buses, ferries and commuter trains. The public transit costs are generally cheaper and are often the best option for students who are on a limited budget. Most of the universities offer concessional student passes for International students. The average monthly cost of pass ranges from $80 to $110.
The above five factors can enable a candidate to have an approximate idea regarding the needed finances to pursue a study program in Canada. Though the above factors provide a snapshot of what critical elements one needs to focus on in order to estimate the total cost of pursuing an overseas career, yet one surely needs proper and targeted guidance about the various steps necessary for the approval of the Visa. With so many small details involved in the process, one is bound to miss on one thing or the other which can ruin the entire effort you have put in. In order, to avoid, one needs the services of an expert with a reasonable experience who can act as a mentor from the start to the finish. One of the best student visa consultants in Chandigarh, TBIL provides the candidate with the updated information in a timely and reliable manner. The institute is known to hold true to their customer’s promises and commitment towards providing them with best of their services.