A Budgeting Guide for International Students in Canada

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A Budgeting Guide for International Students in Canada

Studying abroad, especially in a country with a top-notch education system like Canada, is a dream of many. The education system in this country has earned excellent international acclaim, enticing many people to immigrate and get their degrees in this great country. What makes the country more interesting is how its primary public education is free for all country residents until their 11th or 12th grade. The fee for succeeding levels is at a reduced price for permanent citizens. 

However, as an international student, you need to pay full tuition to finish a degree. Besides the fee you need to pay during the immigration process, you also need to budget your well for your educational and living expenses. This part could be discouraging to some dreamers, but it should not be. 

Planning can help you with any financial challenges that come your way. As long as you know your potential expenses and how much you should spend on what, you could be in good hands. 

This article will help you prepare for that future by informing you of what expenses to expect if you study in Canada. This part of the budget would focus solely on your needs as a student of the common costs such as tuition fees and accommodation that you need to prioritize.

On Tuition Fee

One of the biggest chunks in your entire budget would go to your tuition fee. Unlike Canadian residents who get a considerable discount from the government on their education, yours might cost more. 

The average program fee for undergraduates and graduates depends on many factors, such as the location, school, and the type of program you get. For example, an undergraduate program for international students in Ontario can cost $40,720, while a graduate program fee can cost $25,122. On the other hand, studying in Quebec can cost you $26,147 for the undergraduate program and $17,689 for the graduate program. 

A helpful tip: choosing what province to study in is just as important as choosing the university, especially if you have a tight budget. Your provincial choice could also dictate how much your transportation, accommodation, and food costs might be. If you are clueless about your options, immigration consultants in Toronto can help you make better decisions.

On Accommodation

The next important thing to consider is where you will live while you are studying. Fortunately, Canada offers a variety of options to choose from. 

    • Homestays – Homestay options allow students or visitors to live with a Canadian member of their family. You can share meals with them and learn about the country and culture firsthand. It is the best option if you want to immerse yourself in the country. This type of arrangement can cost around $1,150 a year.
    • On-Campus – If you are the type of person who wants to live right next to the university, this option is for you. It is the best choice for first-year students who do not know much about the campus. Dormitory fees cost around $250 to $625/month, which often includes meal plans.
    • Off-Campus: If you are not a first-year student and opt to live in an apartment, house, or flat far from the school, you could find shared accommodations that would cost around $250 to $700 a month. 

 

 

Conclusion

Studying abroad can help you improve many facets of your life. Apart from the additional knowledge you could get, you can also develop your personal and professional connections in the area. Living and studying abroad is great for developing your independence. Studying in Canada can also improve your chances of living in Canada as a permanent resident.

If you’re looking for professional help from a trusted firm, please contact us at info@brightimmigration.com or call 1-888-404-8472.

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Expert help, expert care

Our professionals make the difference. Our representatives are recognized by the Immigration Consultants of Canada Regulatory Council and Law Society of Upper Canada. We are guided by our commitment to professionalism, ethics, and belief in providing our client with access to quality legal care and immigration help. You can rest assured that you are well represented and protected when you choose Bright.
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