Cost to Study in Canada: University Fees, Living Costs

Have you failed to calculate the cost to study in Canada? However, the average cost of studying in Canada ranges between CAD 35,000- CAD 40,000 (approx), which includes your living expenses and tuition fees in Canada.

The average tuition fees in Canada range between $21,100-$36,100 yearly for international students, and the living cost in Canada is CAD 20,635 per year for one person. However, you can minimise the cost by understanding the actual breakdown of it.

In this blog, we will discuss the overall costs, affordable universities and tips to reduce the cost to study in Canada. So, if you want to apply for the upcoming intake in Canada, hopefully, this blog will greatly help you.

Why Study in Canada?

Studying in Canada offers numerous advantages for international students. Here’s why Canada is an excellent choice for higher education:

• Quality Education: Canada is home to many world-class universities and colleges that offer top-notch education. Canadian degrees are recognised globally and valued by employers.

• Diverse Programs: Canadian institutions offer a wide variety of programs, from technical diplomas to research-intensive degrees, catering to different career goals and interests.

• Cultural Diversity: Canada is known for its multicultural environment. You’ll have the opportunity to interact with students from around the world and experience a rich cultural exchange.

• Work Opportunities: Students can work part-time during their studies and full-time during breaks, helping them gain work experience and support their living expenses.

• Post-Graduation Work Permit (PGWP): After completing your studies, you may be eligible for a PGWP, which allows you to stay in Canada and work for up to three years.

• Pathway to Permanent Residency: Canada provides various immigration pathways for international students to become permanent residents, making it an attractive option for those who wish to build a future in the country.

How Much Does It Cost to Study in Canada?

The average cost to study in Canada has increased as the financial requirements in Canada have been updated by Canada.ca on 3rd June 2024. Now the cost of studying in Canada can range between CAD 35,000 (approx) per year. However, it depends on the university tuition fee and the living expenses in Canada.

It also combined with some extra costs such as Student visa fees in Canada, Health insurance fees in Canada, transportation fees and miscellaneous expenses.

Tuition Fees in Canada

The university fees in Canada depend on the type of program and the university you choose. According to Educanada, you’ll need between $21,100-$36,100 each year to cover tuition. Where the undergraduate program ranges between CAD 15,000- CAD 25,000 (approx). The cost to study a master’s in Canada can range between CAD 17,000 and CAD 36,000 (approx). 

The tuition fees for an MBA program in Canada range between CAD 30,000- CAD 40,000 (approx). These are the minimum tuition costs to study in Canada for an international student. However, some courses like nursing, medicine, law etc. cost more than that. 

The university fees for Canadian citizens range between CAD 6,463- CAD 7,056 (approximately) for both undergraduate and graduate degrees.

Living Cost in Canada

According to the Home Office Canada, living costs outside Quebec are CAN$ 20,635 per year. However, the monthly living expenses depend on different cities. Many newcomers in Canada choose to rent an apartment every month. The private rental costs vary across cities in Canada.

You will have to pay at least $350 a month to rent a room. You should pay at least $2,000 a month to rent a larger apartment or a large house. An immigrant-serving organisation can help you find a home that you can afford.

Student Visa Fee in Canada

According to the Canada.Ca, the student visa application fee for every international student in Canada is CAD 150. You have to apply online for a study permit in Canada. 

Health Insurance Fee for Canadian Student Visa

The health insurance fee for international students in Canada typically ranges from CAD 600 to CAD 900 yearly. All international students must have health insurance in Canada. The actual cost can vary depending on the province, the insurance provider, and the specific coverage plan.

In provinces like British Columbia, Quebec, Alberta, Newfoundland, Manitoba, Labrador, or Saskatchewan, you may be covered by the provincial health plans depending on how long you stay.

Financial Requirements to Study in Canada

The minimum bank balance requirements for a Canadian student visa depend on the total tuition fees for one year and the one-year living expenses in Canada. According to the Canadian government, the living expenses in Canada outside of Quebec are CAD 20,635. So, if your tuition fee is CAD 15,000, the minimum financial requirements in Canada will be (CAD 20,635 + CAD 15,000) = CAD 35,635.

Affordable Universities in Canada for International Students

Are you looking for affordable universities in Canada for international students? Though the tuition fees in Canada are slightly higher than in other countries abroad, let’s explore some affordable Canadian universities for international students. 

• Algoma University
• Laurentian University
• Trent University
• International Business University
• University of Canada West
• Toronto School of Management
• Niagara College Toronto
• University of Ottawa
• Western University
• Queen’s University
• University of Regina
• Brock University, etc. 

How to Reduce the Cost to Study in Canada?

As an international student in Canada, managing your fees and living expenses can be tough without help. Here are some tips to make it easier:

• Look for scholarships and bursaries: Many universities, government programs, and private organisations offer financial aid for international students. Do some research and apply for all the ones you qualify for.
• Get a part-time job: International students in Canada can usually work up to 20 hours per week during the school year and full-time during breaks. Jobs on campus or related to your studies can give you both income and valuable experience.
• Live on a budget: Try to find affordable housing, like shared accommodations, and keep an eye on your spending for food, transportation, and entertainment. Cooking at home instead of eating out can save you a lot.
• Find other funding options: Crowdfunding, loans from family or friends, or side jobs like freelancing can help boost your income.
• Take more courses to graduate faster: By taking more classes each term, you might finish your degree sooner, which can save you time and money in the long run.

Final Words

As an international student, cost is the main factor when you choose to study in Canada. In this article, we have mentioned the overall cost to study in Canada for international students. However, if you have any more questions regarding the cost of studying in Canada or the student visa application in Canada, you can always contact AIMS Education.

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