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Hi everyone, it's Global Scholarships and I'm your host Az
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I hope you're all doing well. And today we're going to talk about the cost of studying in Canada
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So let's start from the beginning. Is it expensive for international students to study in Canada
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Yes, Canada is comparatively expensive, but a lot of students believe it's worth studying in Canada because of the high level of education
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depending on the city, which we'll get to in a minute, transportation and food choices
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You might expect to spend around 2000 to 10,000 Canadian dollars a month
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And then we have tuition fees, which depends on the university and the degree level. So it's really important to have an idea about total cost of living
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because you really don't want to go into this unprepared. OK, so let's have a nice little breakdown of the costs
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that you would probably encounter in Canada as an international student. First, we have, of course, tuition fees, which can vary
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For example, for undergraduates, it can range between 25,000 to 67,000 Canadian dollars, while for graduates
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it can reach to something around 70,000 Canadian dollars. But there are a lot of options to lighten this financial burden
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like scholarships, studentships and entrance awards. So let's take a look at some of the most popular universities in Canada
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and see what kind of tuition fees they have. Among the most popular universities in Canada
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we have University of Toronto, University of British Columbia, MacKill University, McMaster University and University of Alberta
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But of course, tuition fees are not the only academic costs. For example, you will have to pay application fees
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which is around 100 to 150 Canadian dollars. Also, you have health insurance, which can range between 600
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to 1000 Canadian dollars per year. And then there are on campus dues for utilities like libraries and stuff
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So another 500 to 1000 dollars. And all of these numbers depend on the institution
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So it's really important to investigate these numbers for the university that you are planning to apply to, to, you know, avoid bad surprises
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One example to consider is the University of Toronto, one of the most popular universities in Canada
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It has an application fee of 180 Canadian dollars for international students
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Then you have the university health insurance plan for overseas students, which at the University of Toronto is about 720 Canadian dollars a year
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which adds up to 900 dollars a year. And trust me, 900 dollars a year is not an expense that you want to meet unprepared
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So again, universities are expensive. Big surprise. But what about living costs
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Now, here are some of the best cities to live in in Canada. Let's see how much they cost to live in
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At number one, we have Toronto. Toronto, being the financial heart of Canada, attracts many students worldwide
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But this urban living comes with a high cost. Monthly rent in Toronto can vary from 1200 to 2500 Canadian dollars
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depending on the location and the living arrangement. And one person might spend around 300 to 400 Canadian dollars monthly on groceries
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while transportation costs roughly 100 to 150 Canadian dollars. Other factors like recreational activities and personal expenses also raise these numbers
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So in total, University of Toronto estimates that the annual living expenses
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of an international student is around 15,000 Canadian dollars. And in number two, we have Vancouver
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Vancouver has an amazing landscape and a surprising level of multiculturalism, so it draws a lot of global students
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Unfortunately, this also means a significant financial burden. Rents can range from 1500 to 2500 Canadian dollars per month
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and groceries will amount to 300 to 400 Canadian dollars a month
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while transportation expenses fall between 9 to 120 Canadian dollars. So University of British Columbia in Vancouver estimates the average yearly expenses
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of an international student to be around 16,000 Canadian dollars, which is surprisingly more expensive than Toronto
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And in number three, we have Montreal. Now, Montreal might be a more suggestible option because it's more budget-friendly
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and has a more bilingual character. The cost of rent varies from 800 to 1500 Canadian dollars per month
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which is nearly half of the rents in Vancouver. The estimated monthly expenses for groceries can be between 250 and 350 Canadian dollars
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and transportation fees range from 60 to 90 Canadian dollars. In short, it's way more budget-friendly than Toronto and Vancouver
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so it might be a cost-effective option. And MacKill University in Montreal states that the yearly cost of living
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for an international student is around 12,000 Canadian dollars. Alright, so these are all very expensive
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So how can we minimize the cost? Well, first of all, of course, we have scholarships
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There are many scholarships that you can go for that will help you considerably to take care of these expenses
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For example, we have Canadian government scholarships like Vanier Canada Graduate Scholarships
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which aim to bring in outstanding doctoral students with substantial financial aid
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Then we have university-specific scholarships. For example, Lester B. Pearson International Scholarship
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provided by the University of Toronto, which you can learn more about here
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This is a very competitive scholarship that covers the cost of tuition, textbooks, incidental charges, and extensive accommodation support
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for your entire education. Well, scholarships are not easy to get as we all know that
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You're right, but that's not your only option. Canada also has part-time work opportunities for international students
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You can enroll in Canadian institutions to have the chance to engage in part-time employment during your education
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which gives you not only additional funds, but also practical experience. Usually, you can work for up to 20 hours per week during the regular study periods
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and full-time when school is on a break. Also, many universities have job opportunities in the university
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primarily designed for international students. These can be in library settings, student zones, and campus food joints
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You can search for these in the school's career development resources or just by checking the job bulletin boards
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So that's it. In a nutshell, studying in Canada is expensive, but it doesn't have to be unaffordable
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There are a lot of ways to make it easier for yourself. For example, you can choose an inexpensive city
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For example, there is around a 30% difference between Montreal and Vancouver
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You can also lighten your financial burden by applying for scholarships or enrolling in part-time jobs
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And if you have no idea about where to start at all, we have a lot of helpful links in the description
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Check them out. Also, join our live streams on Fridays. We'll look into more scholarship opportunities
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and you can come and ask any questions that you might have. As always, for more comprehensive guides on studying abroad
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as well as scholarship opportunities, visit our website at globalscholarships.com. See you in the next one
