How much money is needed to study in Canada

Studying abroad can be costly for many education abroad applicants, putting their dream on hold. But luckily, Canada remains one of the most affordable popular study destinations for international students. Canada has more than 30 of the best universities in the world. Compared to other international destinations such as the United States, United Kingdom or Australia, it takes less money to study in Canada. Apart from tuition, other expenses like accommodation, food, transportation, entertainment, and insurance also add to the cost of studying in Canada. Let’s take a closer look at the money needed to Study in Canada.

Why study in Canada?

• Affordable Education
• Better reputation
• Ease of living
• Many job opportunities
• Multicultural classrooms
• Geographical beauty
• Immigration Opportunities for International Students
• Gain work experience
• Easier to get admissions

Cost of Studying in Canada from India

The expenses of tuition fees in Canada varies based on various factors such as type of university/course chosen and location. Let’s see the cost of tuition fees in Canada for international students.

Undergraduate degree

For the 2022-2023 session, the average annual tuition fees for undergraduate programs will be around $13,000 to around $20,000. The average tuition cost for Veterinary Medicine (about $68,000), Dentistry (about $60,000), and Medicine (about $59,000) is slightly higher than other courses.

Graduate/Masters

For the 2022-2023 session, the average annual tuition fees for graduate/master’s degree programs will be approximately $17,000 to approximately $25,000. Tuition fees for MBA programs range on average from around $30,000 to $40,000. annually.

PhD

Average annual fees between approximately $7,000 and $15,000.

Accommodation costs

There are four choices of student accommodation in Canada:

• On the campus
• Shared apartments
• Private rental
• Host family

1. On the campus: 300$ – 800$/month (approximately)
2. Host family organized by the university: 500 – 900$/month (approximately)
3. Sharing a rented apartment: 400 – 700$/month (approximately)
4. Studio/one room apartment: $1,000/month (approximately)

On-campus university accommodation is generally preferred as it is cheaper and some of them also offer meal plans as part of the package. On-campus and shared housing have the same drawbacks that you will live with many other students and are unlikely to feel comfortable with. If you are looking for more freedom and personal space, consider renting a private residence. However, private apartments are more expensive and increase the Cost of studying in Canada. Homesteading with locals gives you the advantage of meeting new local people and easily integrating into their culture.

• Utilities
  • Electricity, water and heating costs: $150-$200/month approx.
  • the Internet: $80/month approx.

If you chose to stay on campus or homestay, you don’t have to worry about extra bills such as paying electricity and water. But if you chose to stay private or share an apartment, you must pay the additional bills on top of the rental fee.

Food bills don’t add up much more to the cost of Study in Canada for international students. The average monthly cost for food varies between approximately $200 and $600. If you shop at the supermarket or corner grocery store, food bills can cost you up to $300/month (approximately) on average. However, if you are going to dine in a restaurant, you are going to incur $10-$30 for a single meal.

Public transport is one of the preferred and cheapest modes of transport. And the most used is the Bus. The metro or train is also another mode of transport. Students currently studying at a Canadian university who are between the ages of 18 and 25 may qualify for discounts on monthly transportation passes.

• Price of the monthly transport package: $90 per month (approximately)
• One way ticket: $3 (approximately)
• Taxi: Taxi fares vary between $2 and $6/km (approximately)

Entertainment and fun are also crucial elements of Study in Canada. Entertainment costs may vary depending on the city where you live. The overhead costs are as follows:

• Gym Membership: $25 – $100 (approx.)
• Restaurant visit: $15 – $30 (approx)
• Movie theater: $10 – $20 (approx.)
• Netflix subscription: $10/month (approx.)

English Proficiency Test Registration Fee

Tuition fees to universities and colleges

Most Canadian universities charge between $50 and $250 in application fees to study in Canada. Canadian institutions offer one of the most affordable costs to study in Canada.

Canadian student visa fees

International students must pay $150 for student visa fees. This is the cost that the student has to bear to apply for a student visa.

Study permit fees

The study permit is issued by the Canadian immigration authorities which allow international students to study in Canada. The study permit application costs $150.

Expensive cities to study in Canada

• Vancouver, British Columbia
• Montreal, Quebec
• Toronto, Ontario
• Ottawa, Ontario
• Calgary, AB

Most Affordable Universities to Study in Canada from India

10 Steps to Save Money in Canada as an International Student

• Financial planning and budget
• Prepare your meals
• Take advantage of student bank discounts
• Apply for scholarships
• Explore the second-hand market
• Apply for scholarships
• Avoid credit cards
• Select universities with low tuition fees
• Look for cheap entertainment
• Get a part-time job

Conclusion

Canada attracts the most international students for higher education due to its high quality education and better job opportunities. The cost of studying in Canada is much less than in other popular countries such as the United States, United Kingdom, and Australia. If you want to reduce the cost of studying in Canada, choose a university with low tuition fees or take a part-time job. Another way is to get a scholarship from several organizations and institutes in Canada.