In today’s scenario, every student wants to study in the most advanced countries for their bright future. Moreover, earning a degree from the best colleges and universities will also set you up for a rewarding career. Apart from studying, luxurious landscapes, peaceful surroundings, and high-quality lifestyles attract visitors to these countries. The best example is Canada, which has seen a high proportion of students immigrate to undergraduate and graduate studies in recent years. 

Studying in Canada can be costly for many people, so it is important to know the costs so that you can be able to manage your financial concerns during your stay. Many international students are confused about the best ways to learn about and manage expenses accurately. Don’t worry! Here we shed light on the list of things that every international student needs to spend money on and how they can put their money to good use. 

Firstly, if you are applying for a study visa, then you must have around 30-40 lacs. If you want more information about accommodation costs, course fees, food bills, transport, and electricity bills. After that, you may consult the best Canada visa consultant in Amritsar to know the answer to all your queries about the Canada study visa application process. 

Various expenses International Students need to Study in Canada

Let’s look at the total expenses you will incur while studying in Canada:

Tuition Fees

Undergraduate Programs: Typically range from CAD $7,000 to CAD $29,000 per year.

Graduate Programs: Generally range from CAD $7,000 to CAD $30,000 per year, depending on the program and institution.

Student Fees

University Fees: These can include registration, library, lab, and technology fees, often totaling between CAD $500 and CAD $2,000 per year.

Books and Supplies

Expect to spend approximately CAD $500 to CAD $1,000 per year on textbooks, software, and other supplies.

Housing Costs

First, it is important to look for housing because every international student needs shelter while they are studying in Canada. For this, they have to find accommodation off-campus or on-campus. However, the price depends on their province and the number of international immigrants sharing a room. 

Apartment rent usually starts at CAD 500 per month. However, if any student takes a private apartment, then the price will be around 1000-1200 CAD per month. In addition, electricity, laundry, and Wi-Fi facilities are also included in the accommodation prices. However, if laundry is not included in the prices, you can wash your clothes at nearby laundromats. 

Furthermore, if you want to buy your house in Canada, then you have to pay monthly payments. The best thing about buying your own house is that you can pay a part of the rent which helps you earn well.

Travel costs

Newly immigrating students don’t have cars to travel, so they have to travel from one place to another by bus or train. As international students, traveling is a part of everyday life to move from their place to university or work. Therefore, they must manage their travel expenses perfectly while studying in Canada. Most often, travel costs range from 80 CAD to 120 CAD every month. 

However, when you buy a car, you have to pay monthly payments, which can vary depending on the car you buy. In addition, you have to pay for maintenance fees and the price of gasoline or diesel. Therefore, buying a car in Canada is an expensive proposition for you.

Food costs

Studying in Canada requires energy to complete various tasks. Well, food is the greatest source of energy. When you cook at home, you have to spend on groceries. However, if you order food online or eat in restaurants, you end up paying huge bills. Most students prefer to cook at home because it is the cheapest and healthiest option. The cost of food for a single person can be 200-250 CAD. But if you eat in restaurants, the price is higher than that.

Health Insurance

International students must obtain health insurance before starting their studies in Canada. The health insurance premium must be paid when paying the tuition fee. With the help of illness or health insurance, you can receive treatment during the entire study period. In general, health insurance covers primary medical care and does not cover services related to dental and eye care.

If you want to know the cost of education in Canada, you should contact the best visa experts. Because only the Canada study visa consultants in Karnal can guide you through the entire study abroad procedure.

  Airfare

The cost of traveling to and from Canada can vary greatly depending on your home country, but you should budget for at least CAD $1,000 to CAD $2,000 for a round-trip ticket.

   Emergency Funds

It’s wise to have some extra funds available for unexpected expenses, ideally around CAD $1,000 to     CAD   $2,000.

  Miscellaneous Fees

There might be additional costs for things like student activities, special program fees, or graduation       fees.

Conclusion

Finally, although the cost of studying in Canada is high, you can easily manage all your finances by creating a budget plan. So, spend your money wisely and save money for next year’s tuition fees.