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How Much Fund is Required to Study at Canada Universities

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How Much Fund is required to Study at Canada Universities ? – Studying in Canada is not only a roaring success that will provide you with a depth of information and an outstanding qualification, but it is also a great way to meet new people. It’s an investment in your future, as well as in the future of your loved ones.

With students coming from over 186 countries to study in Canada, it is not only the world’s third most common place to study, but it also has one of the most diversified student communities.

READ ALSO: How Nigerians Can Apply For A Study Visa In Canada

In regards to the Canadian Law for Overseas Education, there are approximately 642,000 overseas students in Canada today, with nearly 54,000 staying on after graduating from a Canadian university or institution.

93 percent of overseas students said they enjoyed their time studying in Canada, with nearly 87 percent saying it helped them prepare for a job search in the country.

The top five reasons they picked Canada above any other study destination overseas were:

  • Learning of high quality education ;
  • A Canadian Qualification’s Honor;
  • Courses that are provided;
  • Acceptance and non-discrimination are two words that come to mind while thinking about tolerance and non-discrimination.
  • Safety.

The Canadian Agency for International Studies is the source of this information.

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A Canadian qualification will provide you with priceless opportunities, but how much will it charge you? Let’s look at how much it will cost to study in Canada so you can prepare ahead and prepare for the coming year.

  • Fees for education;
  • Fees for applying to the universities;
  • Fees for obtaining a visa or a study permit;
  • Average Monthly Living Expenses

How Much Fund is required to Study in Canada?

Fees for tuition:

Your average tuition prices will vary based on where you live, which programs you choose, and which of Canada’s many wonderful colleges or universities you enroll in. In regards to Ca National Statistics, the undergraduate studies requires an average of $29,714 CAD per year, while postgraduate programs cost an average of $17,744 CAD per year, with MBA programs costing an average of $27,397 each year. Based on your selected program or area of study, here is what you may anticipate to invest for an undergraduate and MBA in 2020/2021:

Student Fees for Undergraduates in 2020/2021

The Area of study and the (CAD) involved :

  • $14,162 for Dentistry
  • $14,162 for Dentistry
  • $12 388 for  laws
  • $11,236 for optometrists
  • $10,687 for pharmacies
  • $8,000 for  engineering
  • $7,878 for people working in animal science.
  • $6,851 for students majoring in mathematics, computer science, and information systems.
  • $6,827 for  people working in business, management, and government administration.
  • $6,473 for square feet of architecture.
  • $6,056 for physical and life sciences and technology.
  • $5,867 for  other health, parks, leisure, and fitness.
  • $5,770   for  Physical and performing arts, as well as information and communication technologies (ICT).
  • $5,708 forpeople using personal, protection, and transit services.
  • $5,601 for people working in agriculture, natural resources, and conservation.
  • $5,596 for  Nursing   people.
  • $5,544 for students majoring in social and behavioral sciences, as well as legal studies.
  • $5,542 for the humanities.
  • $4,624 for people having received an education.

MBA Student Fees in 2020/2021

The  Are of study and the (CAD) involved:

  • $56,328 dollars for an elite business administration program (MBA).
  • $27,397 for MBA (Regular)
  • $13,252 for people working in business, administration, and government administration.
  • $12,892 for people practicing dentistry.
  • $8,270 for other health, parks, leisure, and fitness.
  • $7,990 for mathematics, computer, and computer science.
  • $6,994 for  engineering.
  • $6,717 for  healthcare and life sciences and technologies.
  • $6,392 for people working in nursing.
  • $6,309 for students having  completed their education.
  • $6,228 for square feet of architecture.
  • $5,910 for Social and behavioral sciences, as well as legal studies.
  • $5,542 for people using personal, protection, and transportation services.
  • $5,516 for people working in agriculture, natural resources, and conservation.
  • $5,178 for people who are involved in the visual and performing arts, as well as communications technologies.
  • $4,651 for pharmacies
  • $4,508 for Veterinarian medicine
  • $4,618 for Humanities
  • $4,138 for optometrists

Fees for University Admissions

Enrolment fees at Canadian institutions are paid on an annual basis.

Entrance costs must be paid in order for your admission to be processed at a school or university in Canada. Of course, this varies by university, but you should anticipate spending anywhere from $100 to $500 in general; nevertheless, there are a few that do not charge an entrance fee. Five colleges that do not charge overseas students admissions fees are listed below:

  • The Royal Roads University is a public Institution in the UK(United Kingdom).
  • Fairleigh Dickinson College is a private university in Fairleigh Dickinson, New Jersey.
  • Quest University is a private university in the United States.
  • Booth University is located in Chicago, Illinois.
  • The University of Winnipeg is Situated in the Winnipeg region of  Manitoba.

It’s crucial to remember that this money is irreversible, which means you won’t be able to get a refund once you’ve completed your application, whether or not you’re accepted.

READ ALSO: 13 Benefits of Studying in Canada

Fees for obtaining a visa or a study permit

The document that authorizes you to apply for A student visa is your visa or study permit. This is not the same as the visa that allows the user to enter Canada; nonetheless, you will be given a temporary travel visa when you apply for your study permit. The cost of your study permit in Canada is $150.

As an overseas student, you will be permitted to work twenty hours per week without a work permit on or off-campus. If you want to apply for a second work permit, you’ll have to pay $155.

Average Living Expenses

Most overseas students underestimate the amount of money they will spend on housing and meals. Again, this varies depending on the city and region you’re in, but you must budget between $10,000 and $15,500 CAD. According to Neuvoo, you can consider paying on average:

In 2020/2021, the average cost of living for students will be:

Annual Expenses in Canadian Dollars (CAD/Year)

  • Accommodations on-campus ranging from $3,000 to $7,500.
  • Private Shared Housing: $8,400 (excluding bills).
  • Health Care Coverage ranging from $6,00 to $800
  • Monthly Basic Utilities $158.771.
  • $0.36 minimum prepaid cell phone tariff (local).
  • Online per month (unlimited, 60mbps maybe more, Cable/ADSL) $76.51
  • Having Dinner in a Restaurant (1 person) $17-35 dollars
  • Meal to be taken away (1 person) from $10 to $15
  • $3.25 for a one-way public transportation ticket
  • Public Transit Monthly Pass $97
  • $2.90 for a loaf of bread
  • $2.20 for a 1.5-liter bottle of water
  • $15 for a bottle of wine (mid-range)
  • Abeer bottle (0.5l) Between $3.05 and $3.70
  • $2.90 for a loaf of bread
  • $14 for a movie ticket
  • Monthly Fitness Fees ($50.09 for 1 adult)

How to Qualify for a Study Permit in Canada

Step 1: Determine Your Eligibility

This is a crucial step in the application process for Canada. Knowing whether or not to apply for a visa is critical since whether or not you have been admitted to a school in Canada is irrelevant if you are deemed unfit.

Step 2: Consultation with an Educational Consultant

You may choose to use our complimentary academic counselor before applying to your preferred institution or college. This is an added benefit of paying for an assessment since you will obtain all of the support and advice you require to make the most appropriate academic decisions for your future in Canada.

Step 4: Obtain Your Confirmation letter

So you’ve been admitted into the program! Congrats! Just make sure you get an acceptance letter as you’ll need it once we start the application procedure for obtaining a study permit in Canada.

READ ALSO: Top Technical Universities In British Columbia

Step 5: Submit Applications and Credentials

Now we’ve got everything in place, it’s time to begin your application, and if you need to use our services, then you won’t have to worry about anything except organizing your introduction week! Our RCICs will not only review all of your relevant paperwork, but will also prepare and submit your claim on your behalf, ensuring that all requirements are reached.

Step 6: Check the Application process

Your assigned RCIC will provide you with feedback after we get it, letting you know whether or not your submission was approved, but don’t worry. We have a 97 percent success rate, so you can rest easy knowing that your registration will be handled professionally.

Are you ready to move to the next level in your journey to Canada? Let’s get started

Let us handle your application for a study permit in Canada.

This can be time-consuming and difficult to apply for a visa. With so many dates, processes, and standards to meet, it’s simple to make an error that could jeopardize your opportunity to study in Canada. The journey will be stress-free with the supervision and help from one of our qualified Regulated Canadian Immigration Consultants (RCICs).

You will enjoy the following benefits if you opt to employ our experienced and government-recognized services:

  • An in-depth evaluation of eligibility
  • Advice on choosing of the more than 100 migration program and visas to pursue;
  • An immigration strategy geared to your specific requirements;
  • All admissions and documentation are reviewed and submitted.
  • And every stage of the application procedure is accompanied by assistance.

Simply fill out our online application to get your suitability assessment, and we’ll take care of the rest. That’s all there is to it! Your tour through Canada begins right here.

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