While planning studies abroad, you might come across the fee structure of various universities of different nationalities showing very big figures. Studying abroad is eternally an exorbitant affair. But thankfully, Canada is one of those countries which provides an outstanding education at an economical cost. It is very popular among international students. The Canadian Universities offer assorted courses with interminable opportunities and experiences. Education in Canada is notorious as well as inexpensive but still, before departing India, you should examine all the expenses that will be incurred during the tenure of your course. That will definitely help you in making an adequate budget. The cost of education in Canada encompasses the following cost on the majority:
The tuition fees of the university are the major expenditure that you might be producing. The tuition fees depend on the nature of the university (public or private), level of education (undergraduate, postgraduate, and doctoral), the course you want to study, and your nationality (Canadian or International). But the most influential factor is the level of education.
Undergraduate level - The average annual fee varies between CA$13,000 - CA$55,000 per year.
Postgraduate level - The average annual fee varies between CA$17,000 - CA$60,000 per year.
MBA - The average annual fee varies between CA$16,000 - CA$95,000 per year.
Most Affordable Universities in Canada are :
The University of Newfoundland: CA$2,150 - CA$11,460/year
Athabasca University: CA$1,625 - CA$17,250/year
Royal Roads University: CA$3,750 - CA$27,600/year
University of Saskatchewan: CA$4,110 - CA$24,000/year
University of Regina: CA$1,715 - CA$ 20,050/year
2. COST OF STUDENT VISA
You need to secure a student visa for entering Canada for studies. The cost of a student visa is approximately CAD150.
3. TRANSPORTATION COST
For short distances, you can use regional trains, buses which will cost between 80-110 CAD per month. For traveling between India and Canada, one side fare will be more than 500 CAD.
4. ACCOMMODATION COST
There are two types of residential facilities available for international students: On-Campus accommodation or Off-Campus accommodation. On-Campus accommodation expenses vary between 8,000-10,000 CAD annually and for Off-Campus accommodation, in which you can live in a shared apartment, will cost you around 400-700 CAD per month.
5. LIVING EXPENSES
Living expenses include what you are spending there for completing your basic necessities. In foreign countries, it is recommended to not become a spendthrift. You should maintain a record of your outgoes to prevent overspending. The major expenses will be:
Books and stationary: Books in Canada are a little bit expensive. The average costs can go as high as 250-500CAD.
Internet facilities: In this modern era, the internet also comes under the category of essentials. On average, you need to spend 50-70CAD per month on the internet.
Personal expenses: Your personal expenses will cover clothing, dining out, laundry, electricity, and water bills, etc. You might incur around 150-200CAD per month on personal expenses.
Food and eatables: for purchasing fruits and groceries, you can go to some cheaper stores in Canada like Canadian Superstore, Walmart, or any other local supermarket.
Communication expenses: since you are an international student, you will be calling your family and friends usually, so you should go for cost-effective calling plans for that. The average cost is approximately 20CAD.
So, You need at least 15,000CAD annually to cover up all your living and accommodation expenses.