Canada has emerged as a top destination for education. Its multicultural society, prosperous economy, renowned universities, and higher education institutions are breaking all boundaries and expanding their horizons for Indian students. Indians have never had it this better regarding opportunities to pursue college education, attend graduate school, enroll in job-oriented courses and seek lucrative employment opportunities.
Globally recognized institutions in Canada help students develop the necessary skills for a successful career. The nation’s welcoming community and multicultural society have made it a lucrative destination for everyone aiming for something big and prosperous.
The main objective of this post is to provide insight into the cost of studying in Canada. Studying in this country is comparatively affordable as the tuition fees and cost of studies are less expensive than in other English-speaking countries. Visa consultants in Hyderabad can also help you understand the costs involved.
Factors Affecting the Budget of Study in Canada
When planning to study in Canada, you must make a detailed budget after considering several factors. Some of the factors affecting the budget for studying are:
|Tuition fees||CAD 8046 – 46667|
|Living expenses||CAD 90 – 2000|
|Pre-arrival expenses||CAD 1609 – 2413|
|Health insurance||CAD 400 – 800|
|Location||CAD 20000 – 38000|
|Exchange rates||Current Rate|
|Accommodation||CAD 5000 – 10000|
- Tuition Fees
The tuition fee varies for universities and institutions. It also depends on the course you choose. A foreign immigrant will have to pay a higher tuition fee when compared to local students. The average cost of a degree is usually in the range of CAD 8046 to 46667.
|Bachelor’s degree||CAD 9655 – 27356|
|Masters program||CAD 15288|
|MBA||CAD 14482 – 46667|
|Doctoral Degree||CAD 8046 – 17701|
- Pre-Arrival Expenses
You need to consider this as part of your expenses, as it can affect the budget. There are many expenses to deal with, like Students Visa Canada application fees, medical examination fees, language test fees, assessment fees, and other small expenses that you may ignore. The average cost may be somewhere between CAD 1609 – 2413.
Different provinces and cities in Canada have varying prices. Metropolitan cities like Toronto, Montreal, and Vancouver are costly. Countryside areas are comparatively less expensive and an affordable option. The location should be a prime factor when deciding on the budget.
The accommodation cost is very important for students who are immigrating to Canada. It can vary from campus accommodation to rented houses. You can significantly save on homestays and shared houses. The average cost may be somewhere between CAD 5000 – 10000 Anually.
- Living Expenses
Living expenses like daily travel, food, utilities, and personal expenses depend on lifestyle choices.
|Daily Expense Type||Cost per month|
|Food||CAD 300 – 400|
|Travel||CAD 90 – 100|
|Work permit fees||CAD 150|
|Education materials like books||CAD 1000 – 2000|
- Health Insurance
All students need to have health insurance. They can decide on the plan based on their budget, as the health insurance plans may vary depending on the type of coverage. The plan may range from CAD 400 to 800. The plans will also be available under discounts or offers. You should check before buying.
- Exchange Rates
The exchange rates keep fluctuating and can affect the education cost, especially for Indian students who are paying fees in rupees. Keep an eye on this as well.
Lifestyle choices like entertainment, travel and other activities can affect your budget. Set a budget for your lifestyle. Else, it can get boring.
Scholarships çan help students ease their financial burden. Consider taking up a scholarship program. There are merit-based, government, and scholarships for graduates and
Average Cost of Living in Canada Per Year Region-Wise
If you are studying in Canada or planning to study, you need to clearly understand the cost of living in different cities to narrow down your choices. Though your budget will be specified while applying for your Canadian student visa (at an average of CAD 10000), you must understand the average cost city-wise.
|Region||City||Avg. Cost of Living|
|Ontario||Toronto||CAD 20000 – 38000|
|British Columbia||Vancouver||CAD 38,500|
This was a summary of the cost of living in Canada. The price may vary every year.
Scholarships for Indian Students in Canada 2023
Scholarships can provide good financial assistance for Indian students and help recognize their academic achievements, skills, and involvement with people.
Here are some of the scholarships for Indian students in Canada in 2023:
- Vanier Canada Graduate Scholarship
The Canadian government administers the scholarship and helps identify the best doctoral student from various fields. It provides Indian students pursuing PhD. or MD with CAD 50000 for three years.
- Ontario Trillium Scholarship
The government of Ontario offers scholarships to highly skilled and motivated students pursuing a PhD. The scholarship covers most expenses like tuition fees, accommodation fees, and other costly expenses for the complete four years of doctoral study.
- Presidents Scholarship for World Leaders
Some Canadian universities offer the president scholarship, recognizing students with exceptional leadership qualities. The scholarship covers the entire tuition fee for the undergraduate program. The students will have to obtain a certain GPA and possess skills.
- International Leader of Tomorrow Award
This scholarship is offered by the University of British Columbia to students who possess exceptional educational and leadership qualities and can positively impact the community. It covers the full cost, from educational to living expenses.
- Trudeau Foundation Scholarship
Students in a full-time doctoral program are awarded this scholarship, under which the annual allowance for students is CAD 40000, which covers the tuition fees and living expenses. The foundation offers funds for research and education.
- University of Manitoba Graduate Fellowship (UMGF)
Students pursuing undergraduate or master’s programs are awarded this scholarship, under which they receive the allowance. CAD 14,000 yearly are given to PhD students and CAD 18,000 to postgraduate students.
This was all the information Indian students needed about the cost of studying in Canada. Studying in this country can be an exceptional experience with abundant opportunities like a vibrant culture, community and lots of scholarship opportunities that can help students ease their financial burden.
Despite all the high costs, Canada also offers several benefits providing opportunities for students to pursue educational aspirations. By understanding all the financial requirements, Indian students can confidently embrace academic and cultural opportunities.