PROSPECTS & EXPENSES
Studying abroad is usually expensive, but Canada offers relatively lower tuition rates than other countries without compromising the quality of education and international students can save considerably by studying in Canada on the cost of education.
Tuition fees for Canadian institutions vary from course to course, institution to institution and province to another. On an average, a student needs to pay approximately a minimum of C$12,000 to as high as C$40,000 (~US$34,000) per year.
Other than tuition fees, an international student would need to pay institution administration fees of around C$100, international student application fees from about C$250, compulsory fees for student services of C$500-1,000 and processing fees for a study permit (currently C$150 with a biometric processing fee of C$85).
The minimum amount required by the Department of Home Affairs to issue a Canadian student visa is $10,000 for 12 months (excluding the cost of spouse or any other dependent family member.
Rent costs will vary greatly depending on where you study, and if you live on or off campus. Many schools offer on-campus housing ranging from shared condominiums to dormitory-style housing. The cost for these may or may not include a meal plan and or other utilities such as phone and internet connection. The prices may be lower if you choose to live off-campus, but cost of furnishings, hydro, electricity and/or other miscellaneous expenses would be additional cost.
If you want to go out with friends, travel and explore during your stay in Canada, you’ll need to set aside some extra spending money.