Cost of Study in Canada – Why Consider Studying in Canada?
Canada is one of the top destinations for higher studies, offering a variety of opportunities and courses. Students usually prefer this Maple Country since the cost of study in Canada is lower than in other top countries like the US, UK, and Australia. The country is famous for its affordability, as its cost of living and studying is budget-friendly. The city also offers various scholarship opportunities and part-time jobs to students.
If you are exploring how to study abroad in Canada and what the cost of study in Canada is, this guide is for you. You can also hire AbroAdvice.com to learn more about the cost of studying in Canada for international students. Many students are choosing abroad study consultancy at AbroAdvice.com for better decision-making for their future endeavors.
Calculating Cost of Study in Canada – Key Factors
The cost of study in Canada can vary significantly depending on various other factors, such as the institution, program of study, location, and lifestyle choices.
However, here are some general cost estimates:
1. Visa and Application Charges
To study in Canada, the visa price as per CIC (Citizenship and Immigration Canada) is 150 CAD. It is only for visa purposes without taking any other service charge.
The application cost depends on the university you are applying for and the student’s nationality. Also, you have to submit your SOP, ID proof, financial proof, and other documents. Always stay updated with the official Canadian government website to get up-to-date information.
2. University/College Fees
Students who apply to Canadian universities must be aware of the application fees. The fees range from CAD 50 to CAD 250, depending on the university. Understanding the budget for application fees is necessary because spending on these fees can cause a significant loss. Students can pursue undergraduate and postgraduate degrees. The cost varies depending on the institution.
There is also a tuition fee, which starts from CAD 10,000 to CAD 30,000. Moreover, the tuition fees for engineering and medicine programs in Canada are high, apart from other courses. It starts from CAD 22,000.
On average, a postgraduate degree costs a minimum of CAD 18,000/annum. For example, an MBA demands expensive tuition fees, which are CAD 28,000. However, note that executive MBA courses are much more expensive than this MBA.
3. Flight Prices
The ranges of the flight fees change from time to time. For instance, taking flights from India to Canada is expensive. Mostly, the cost stays between INR 1,000,000 and 2,000,000, depending on the season. All the major airlines, like Air India, IndiGo, SpiceJet, Vistara, and GoAir, provide flights from India to Canada. The cost of the flight may be high between August and September.
4. Accommodation Cost
Canada offers great accommodation opportunities to international students. From on-campus residencies to off-campus residencies, shared apartments, homestays, single apartments, dormitories, and townhouses are all available there. The accommodation range ranges from CAD 5,000 to CAD 20,000/annum. The accommodation cost in big cities is much higher than in other cities.
5. Travel Expense
Canada is part of North America, so short and long distances can be expensive. As a student, you should focus on your budget. Students usually prefer to take trains, subways, and buses. The average cost of this transportation can be between CAD 80 and CAD 110 per month.
6. Health Insurance Payment
When relocating to other countries, being health conscious is mandatory. Medical insurance in Canada is a must-have thing for international students. It is a mandatory expense for you. Students can choose the policy on their own. Based on the policy, the range starts from CAD 900 to CAD 1,500/ annum. There are other medical expenses for students to consider, like emergency medical services, doctor consultations, and medications.
7. Other Living Costs
When studying abroad, consider more than just tuition fees. Lifestyle costs include groceries (CAD 200-400/month), dining out (CAD 10-25/meal), leisure activities (CAD 50-100/month), utilities (CAD 100-150/month), and internet/cable (CAD 50-100/month). Entertainment, like concerts and movies, adds another CAD 50-100/month. Therefore, budgeting for these expenses is crucial for financial planning.
Approximate Cost of Study in Canada
Let us calculate the average cost of study in Canada for students from across the world. We will consider the individual cost range for each factor mentioned earlier and finally calculate the average cost of studying in Canada.
Therefore, the approximate cost of study in Canada will be USD 16,645 – USD 61,647 per year or USD 1,387 to USD 5,137 per month.
Final Thoughts
Living costs in Canada fluctuate depending on factors such as cities and available courses. The country actively promotes opportunities for research and innovation, providing practical learning experiences. Additionally, it fosters a friendly and inclusive society. Active engagement in work experience can effectively lower expenses. The guide above furnishes valuable insights into the cost of study in Canada.
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