Cost of studying in Canada
Canada is one destination where quality education is available at tuition rates lower than many other countries. But it’s not just the tuition fee alone you should be calculating in your budget, there’re a lot more expenses involved when you plan to study abroad.
Cost
Your expenditure on tuition fee depends on the type of qualification and institution you opt for. To cover this, you will need approximately between CAD 13,000 and CAD 35,000 a year.
| S.no. | Study program | Average annual fee |
|---|---|---|
|
1 |
Undergraduate program |
$13,000 to $20,000 |
|
2 |
Postgraduate master’s degree |
$17,000 to $25,000 |
|
3 |
Doctoral degree |
$7,000 to $15,000 |
|
4 |
MBA |
$30,000 to $40,000 |
*Please note all fee figures are indicative
You can apply to various scholarships as well to bring down your educational expenses
Living expenses
You need to keep a little money aside for your grocery shopping, social activities and emergencies. When living in a foreign country as a student, it is better to keep track of your expenditures so that you do not overspend. Considering various expenses and living costs, a single student budget in Canada comes out to be approx. CAD 15,000 (indicative). You should also consider these common expenses when creating your budget:
1. Communication expenses: As a student from India, you’d be frequently calling your friends and family back home. Therefore, always keep a section of your budget for phone bills and data expenses. Look for cost-effective calling plans and student discounts in order to stay connected with your loved ones within your monthly budget.You can find a phone plan that suits your needs, however, the average cost is approx. CAD 20 per month.
2. Books and Supplies: Purchasing textbooks can get a little expensive. For instance, books for engineering courses can cost you approx. CAD 250 to CAD 350. For courses like law, medicine and pharmacy, the value can go even higher. You can manage this in your budget by opting for second hand books, buying digital versions or even securing a library membership.
3. Personal expenses and incidentals: Your daily expenses will include laundry, toiletries, clothing, dining out, etc. This depends entirely on the kind of lifestyle you choose for yourself