It is now a trend to study in Canada for Indian students after completing their graduation. But studying abroad can be expensive if you don’t know the budget well in advance.
In this article, we will discuss the study in Canada cost for Indian students in detail for your better understanding.
Costs Related to Overseas Education in Canada
To understand the study in Canada cost you need to focus on certain aspects like the tuition fees, visa application fees, and most importantly, the cost of living.
- Education Fees: Your tuition fees constitute the major chunk of your expenses when you stay abroad in Canada. The cost varies with the course and institution you choose. The tuition fees range from CAD 7000 to CAD 35000 per annum. For an Indian student, it is approximately Rs. 350000- Rs. 1900000 per annum.
- Accommodation Cost: While Canada promised an extravagant lifestyle, the accommodation cost can be affordable if you are staying in the on-campus hostel or in a shared apartment. The cost for on-campus hostel facilities is about CAD 8000 per annum. Whereas, if you are staying in shared accommodation, you have a monthly expense of about CAD 400-CAD 700 depending upon the location of your apartment. In prime locations of cities like Toronto, shared apartments can cost about CAD 1200 – CAD 2000 per month.
- Cost of Living: When you consider the cost of studying abroad, it is essential to consider the cost of living that includes your transportation, daily meals, communication, books, and other supplies. The cost of living in Canada can extend up to CAD 6000 – CAD 10000 per year for a student.
- Other Expenses: Like we said before, you need to consider the visa and insurance cost when you plan to study abroad. Student Visa cost for Canada is roughly CAD, and a student spends about CAD 300-CAD 800 per annum on insurance.
These are just the basic costs a student incurs when they travel abroad to study in Canada.
Cost of Studying in Canada
Here we have a tabulation of expenses you incur in Canada when you study there for a better understanding.
|Nature of Expense||Annual Expenditure|
|Tuition fees||CAD 7000 – CAD 35000 (INR 350000 – INR 1900000)|
|Lodging||CAD 7200 – CAD 24000 (INR 391000 – INR 1303515)|
|Other cost of living (groceries, transportation, etc.)||CAD 6000 – CAD 10000 (INR 323881 – INR 539802)|
|Miscellaneous expenses||CAD 1000 (INR 53980)|
|Total Expenses (with tuition expenses)||CAD 21200 – CAD 66500 (INR 1144382 – INR 3778620)|
|Total Expenses without tuition fees (for students with full scholarship)||CAD 14200 – CAD 35000 (INR 766520 – INR 1889310)|
Canada is one of the most affordable countries to study abroad. On the one hand, education and accommodation are highly cheap, and on the other, the country promises a high standard of living. Canada is also one of the safest countries in the world, making it the most desirable place to study for Indian students.