Tuition Fees
When it comes to studying abroad, Canada is an affordable choice. It is to be noted here that tuition fees for international students in Canada is slightly less compared to other famous study destinations such as the US and Australia. The average Tuition fee of studying in Canada ranges from CAD 13,000 to CAD 25,000.
Living Costs
The living cost in Canada for international students is affordable and manageable if you are wise enough with your expenses. The average cost of living in Canada as a student can be anywhere between 15,000 CAD - 20,000 CAD depending on one’s lifestyle and preferences.
The living cost in Canada for international students is summarized below:
Guaranteed Investment Certificate (GIC)
GIC is an investment scheme recommended for international students aspiring to study in Canada for study programs that come under the SDS (Student Direct Stream). All international students are required to deposit their one year living expenses into a Canada-based bank to qualify for a student visa in Canada.
The Canadian embassy has recommended a minimum of CAD 10,000 as the GIC amount for a Canada student visa. You will receive a portion of your investment plus interest every month for a 12-month period.