Understanding the Costs Involved with Studying in Canada
What makes Canada a highly popular and endearing education destination for international students? It is well known fact that Canada is a beautiful and diverse country with a stabilized economy. This country is immensely famous for its well organized lifestyle and the excellent educational system has always a hot topic of discussion among a large number of people all around the world. The Times Higher Education World University Rankings have included 26 universities from Canada in the list of the best academic institutions in the world. Moreover, the expenses involved with studying in Canada are quite affordable compared to several other western countries. All these reasons are more than good enough to make Canada one of the most wanted education destinations in the world.
An overview of the cost involved with studying in Canada
The cost of studying in Canada can be classified into 6 categories and they include tuition fee, housing costs, transportation expenses, health insurance price, utility expenses and the cost for the food as well. Broadly speaking, a student needs to spend between $ 20,000 and $30,000 a year for tuition fee and living costs. It can only be described as an average assumption and you can expect significant changes depending on the course, university, location, transportation and other types of living expenses.
Tuition fees
Tuition costs in Canada vary across region, program and university. The reputation of a university and the popularity of a course play an important role in making a program expensive. Generally speaking, medicine, business and law programs are expensive. The best thing about most of the universities is that the expenses are largely transparent and a good number of online resources, especially the websites of reputed overseas education and immigration consultants provide accurate information about the tuition fee of different courses and universities in Canada. Lowest tuition fees can always be associated Newfoundland Universities and the most expensive institutions are located at the Ontario area.
When it comes to undergraduate courses such as education, communication technologies, social and behavioral sciences, humanities and nursing, you need to spend between CAD 17,000 and CAD 22, 500. At the same time; you have to spend around CAD 53,000 for dentistry, CAD 58,000 for veterinary medicine, CAD 25,000 for business management and public administration, CAD 27,000 for engineering, CAD 27,000 for law and CAD 33,000 for pharmacy and medicine undergraduate courses. As far as education, communication technologies, social and behavioral sciences, humanities and nursing graduate courses are concerned, the fees stand in between CAD 13,000 and CAD 14,000. The approximate fees for other graduate courses include CAD 17,000 for law, CAD 21,000 for business management, CAD 16,000 for engineering and CAD 21,000 for dentistry.
Accommodation or housing expenses
Majority of the universities provide on-campus accommodation or hostel facilities for the students. Getting an admission in a University does not make you eligible for on-site accommodation. The cost also differs depending on the type of accommodation you decide to select. Housing options available include private rooms, dormitory-style rooms, self catering apartments and so on. Several universities and colleges have made it mandatory for students to buy meal plans and the students also have to bear the expenses for the use of facilities and technology. Since housing at Canadian universities is in high demand, it can be described as an expensive option. You may need to pay around CAD 1000 for a good quality on-campus accommodation. In order to make the housing affordable, several students prefer to stay outside the campus. When it comes to sharing an apartment, the cost only comes around CAD 250 and CAD 400. The price goes up if you opt for busy locations, improved facilities and better standard of accommodation. The costs involved with basic utilities like water, heating and electricity come around CAD 150 as well.
Transportation
Canada has an excellent public transportation system and most students make use of buses, subways or commuter trains to make the transportation affordable. Special discounts such as monthly passes are available for students and the expenses for these passes come around CAD100 to CAD 150. If you have the funds, you can select options like owning a vehicle or hiring a taxi for your transportation needs.
Food expenses
Food costs are another type of living expenses that you have to deal with while studying in Canada. If you are plan well, you can keep your monthly food bills around CAD 200 and 250. Visiting restaurants can be an expensive thing for most students and you may need to spend CAD 10 to 25 for every visit.
Health insurance
All international students are bound to have health insurance and medical coverage, and the cost varies from region to region. The price of insurance normally varies between CAD 200 and CAD 700 a year.
Identifying a good university and choosing the right course are not at all easy tasks for the students and parents. If you do not make the right decision, you would end up wasting a lot of money, time and effort. It is mandatory for every student to prove that he/she has adequate money to fulfill his/her financial needs while studying in Canada. Ample evidences must be produced to support the financial claims. In such a situation, sorting out the finances becomes a very important task for most students. You can definitely explore the possibility of getting a scholarship to fund your education.
When all these things are taken into consideration, seeking professional guidance becomes an unavoidable aspect. If you want to know how to study and stay in Canada, you can contact Career Abroad. We will help you choose the best course, reputed university, most affordable accommodation and other related aspects, and your visa application will be processed with utmost accountability to guarantee an admission in one of the reputed universities in Canada. You will also get valuable advice and guidance on choosing the right scholarship to meet your exact study needs with Career Abroad.
