Canada is one of the most preferred destinations for international students. According to the Canadian Bureau for International Education, a total of 621,565 international students were in Canada at all study levels at the end of 2021. According to the Immigration, Refugees and Citizenship Canada (IRCC) data for the year 2022, Canada saw 551,405 international students from 184 countries. Out of these, 226,450 students were Indian students, followed by 52,156 Chinese students. Every year, Canada welcomes hundreds of thousands of international students from around the globe.
Some of the reasons to study in Canada include a high standard of living, flexible and quality education options, a diverse and inclusive environment, affordable education, and long-term return on investment. As per the U.S. News & World Report 2022, Canada ranks at 3rd place globally for the best quality of life. Many top-ranked universities are also situated in Canada. A total of 7 Canadian universities are ranked among the top 200 in the world according to the Times Higher Education rankings for 2023. With ample state-of-the-art education institutes present and affordable tuition fees, Canada has become a major study destination for international students who want to pursue higher education.
Cost of Studying in Canada
Canada, as a country, offers much more affordable education than other developed countries like the US and UK. The cost of studying in Canada varies as per the course, university, city location, etc.
The average of the data available shows that the average cost to pursue an undergraduate program will be CAD 6800 per year. On the other hand, for a master's degree, the tuition fee can range from CAD 21,100 per year (As per statistics Canada, 2022)
Food, accommodation, clothing and recreational activities, etc are usually covered under the cost of living. On average, since the cost of accommodation, food and local transportation vary from city to city, the average cost of living in Canada will be around CAD 15,000.
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Students Channel has worked with prominent banks and NBFCs in India to provide education loans to students at the most reasonable rates. Our extensive network of partner institutions guarantees that students not only receive the best possible education loan rates, but also that loan applications are processed quickly and without fuss.
Given are the available options to get student loans for international students in USA.
Financial services in India like HDFC Credilla, Avanse Financials, Incred, Auxilo etc. Indian banks like IDFC first bank, ICICI bank and others.
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The benefit of signing up with Students Channel is that your student loan covers your entire tuition, administration, and lodging expenses throughout your course duration. Your tuition fee is transferred to your college before you even land in the country!
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