Studying abroad can be a costly affair, but thankfully Canada is one such country that makes quality education affordable compared to countries like the U.S, the U.K., and Australia. Canada has always been the most loved and popular destination among students seeking higher studies abroad. But before departing to Canada for studies, it makes sense to consider the expenses you’ll likely bear while studying in Canada. The costs include tuition fees, accommodation, health coverage, and other essential utilities while calculating the cost of studying in Canada. A cost estimate in hand will help you plan your budget and prepare for your international studies.
The overall costs for studies in Canada depend on your university, city, and the lifestyle you prefer as a student. However, one can prepare to spend at least CAD 12,000-16,000 (7 lakhs- 10 lakh) per year as a student in Canada.
The tuition fee is your most significant expenditure
The tuition fee charged by the Canadian universities gets the lion’s share of your cost of studying in Canada. Your tuition fee depends on the type of degree/diploma program you are enrolled in, the location of your university, and its reputation. You’ll be charged between CAD 13,000 and CAD 35,000 annually as a tuition fee.
Tuition fees for international students also vary across provinces/territories and programs. For example, the tuition fee for humanities, arts, and education courses is cheaper than programs like MBA, science and technology, medical and healthcare, research and development, etc.
According to research published by Statistics Canada, the average tuition fees for undergraduate international students in 2019/20 are CA$29714 (~US$22,500) per year. The tuition fee for humanities courses tends to be less (approx. CA$5,542). In contrast, engineering and medicine programs are expensive (an average of CA$21,717 for dentistry and $14,162 for students enrolling in medicine. The average fees for business and management students are relatively less than the national average, at CA$6,827 per year.
One should also consider university application fees, which start from CAD$100 and can go up to CAD$500. Normally, it is non-refundable irrespective of whether you get accepted.
When you apply for a Canadian study visa, you will be issued a travel visa, which may cost you around CAD$150. The work permit application is accompanies by a fee of CAD$155.
Accommodation and other living expenses
To live comfortably, a student needs a minimum budget of CAD$10,000 to manage their daily expenses, excluding accommodation. Students may opt for on-campus housing that costs between CAD$3,000 and CAD$7,500. On the contrary, a shared apartment may cost up to CAD$8,400.
Other living expenses are as follows (per month)
- CAD$76.51-unlimited internet
- CAD$97- for a public transportation pass
- CAD$600-800- for health insurance
Canada is home to the world’s leading colleges and universities. It’s a country that prepares students to become what they want to be by offering them the support that no other country can offer. Canada is a place that gives wings to your dreams and helps you live a great life. So, do not let the expenses stop you from pursuing your dream education.