The Factors that Affect the Cost of Studying in Canada

Tuition Fees

Among one of the most important costs that will have to be faced by international students from Canada is tuition fees. Application fees may vary from a particular university or a college to higher level study of courses. In most cases, the cost of an undergraduate program is lower than a graduate or professional program.

Living Expenses

Aside from university tuition, who pays for room and board, food, transport and health insurance is also added to this figure. Price of living is differentiated based on where the student stays, which is either city or province.

Health Insurance

International students studying in Canada are obliged to have health insurance. The cost for health insurance too vary dependent on whether it covers a whole lot, or the provider is included.

Transportation

Transportation cost consists impartially of going to and coming from the university, along with hurrying around the town. Public transportation is a convenient and cheap mode of transport in most Canadian cities.

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Basal Cost Analysis for Foreign Students

Tuition Fees

Sometimes the university fees for international students in the undergraduate degrees range between CAD 20,000 and CAD 40,000 per year. The fees for graduate programs can be even more expensive, ranging from CAD 25,000 to CAD 50,000 a year.

Accommodation

The cost of accommodation hinges on individual choices, in particular whether to live in dormitories, rooms outside of campus, or with host families. The costs for on-campus residence range from CAD 8,000 to CAD 15,000 per annum; and off-campus renting can be CAD 600 to CAD 1,500 per month.

Food

The average food cost of international students per month varies from CAD 300 to CAD 600, which is mainly affected by their dietary preferences and cooking habits.

Transportation

Students' public transportation pass usually an be acquired at a rate of CAD 80-120 monthly based on the city’s location.

Health Insurance

International students have big variety of health insurance fees, however, such fees may vary between CAD 600 and CAD 800 per year.

Scholarships and Financial Aid are the two popularly used options for financing education.

There are different academic opportunities to reduce the student's financial load available, such as scholarships, grants, and bursaries from Canadian universities, government organizations, and private institutions. These financial assistance channels are intended to cater for tuition fees, rent or living expenses and other expenses connected to the Canada education.

Alternative Jobs for International Students.

The Canadian immigration policy has permission international students to work 20 hours a week during their studies. Working part-time allows students not only to get employment but also to gain one of the most significant assets in their lives, which is work experience. The most frequent part-time jobs are on-campus jobs, retail, hospitality, and as tutors.

On budgeting and savings guidelines.

Financial management during the overseas study may be a difficult task; therefore it of prime importance to plan budget and be a smart spender. Some tips for budgeting and saving money include:Some tips for budgeting and saving money include:

Creating a monthly budget

Exploiting the opportunity of student discounts

Cooking meals at home

Using public transportation

Avoiding unnecessary expenses

It will be compared with other places where students may dream about going.

Although Canada should have an outstanding education system and a chance to meet different cultures. The price of studying in Canada should be compared to those countries like US, UK, Australia, and New Zealand which are the most popular study destinations.

Conclusion

Canada from Bangladesh is a country that provides an opportunity to students who are interested in studying there but the process is not free of expenses. On realization why the price is higher, exploring financial assistance options and adopting if you find the right strategies, prospective students can make educated decisions ushering in and succeed in their education in Canada.

Students from Bangladesh often have questions about studying in Canada and these are some FAQs.

Is the cost of education in Canada high for the students from Bangladesh?

While studding in Canada can be tricky to afford, there are many different loans and grants you may qualify for in order to lend a hand with financial distress that may accompany.

In what way can Bangladeshi students bring their experiences home?

Definitely, international students in Canada can work part-time during their studies which are quite helpful in covering their living expenses.

Do Canadian colleges/universities, in particular, give scholarships or financial aid to Bangladeshi nationals who want to further their studies in any specialized field in Canada?

There are scholarships and grants for international students, such as the Bangladeshi students, which are getting offered by the Canadian universities, agencies of the government and private corporations.

How can the Bangladesh students in Canada save money while they are studying?

Too many Bangladeshi students, even if they have financial resources, may end up losing all of it by the end of their college life. Among different saving strategies, a disciplined budgeting, buying necessities on sales offered for students, preparing your meals at home, and using the public transportation are some of the money-saving tricks.

The question is the length of study for Bangladeshi students living in Canada?

The number of years spent in study varies according to the program and the level of study, but typically, the undergraduate programs last for four years, while the graduate programs can be from one to two years or more.