Education is good for everyone, it is one of the best self-investment anybody should consider. However, it is not cheap to acquire, and it is even more expensive if you plan to study in foreign countries. Some countries have made education free for all students, but there are other bills such as accommodation, transportation, etc. that you will definitely put into consideration. After putting all these into consideration, just how much does it cost to study in canada you may ask.
Canada is one of the favorite countries for students, it is not the cheapest country in the world to study, but they sure provide quality education and a flexible payment option for students. You’d also find lots of financial aid and support that should help reduce the cost of studying in Canada.
To study in Canada, you are required to have enough funds or a sponsor to pay for your studies, a proof of fund will also be required from you. Ordinarily, if you apply to a university in Canada, they should provide you with estimates for the cost of living from tuition fees down to books and transportation.
But then if you are provided with this information, you will be required to show evidence of $10,000 for 12 months of living expenses for a student. Plus $4,000 will be required for the spouse and another $3,000 for each dependent. This cost will cover your accommodation, food, medical insurance, transportation, books, and clothing. Tuition and other fees are not included in this amount.
EXPENSES MONTHLY ANNUAL
Tuition – $8,000
Student Fees – $400
Health Insurance $70 $840
Textbooks – $600
On-campus Rent $600 $7,200
Mobile phone (basic package) $30 $360
Public Transit Pass $40 $480
Groceries/Food $300 $3,600
Entertainment/Clothes/Gifts $80 $960
Car: Insurance – $1,500
Car: Fuel $200 $2,400
Total Expenses $1320 $26,340
Tuition Fee By Fields of Study
The tuition fee you pay in canada will vary by the province you reside, the university you apply to, and the field of study you chose. Some courses are more expensive than others and you will likely need between C$20,000 and C$30,000 annually to cover tuition. This is just the average for undergraduate students, for undergraduate students, you will need funds between C$14,000 and C$25,000 annually to cover tuition, although MBA courses will be much higher than this average.
Read Also: Working in Canada as a Student
Field of study grouping for Undergraduate Graduate
Visual and performing arts, and communications technologies $25,127
Social and behavioural sciences $27,647
Law, legal professions and studies $33,192
Business management and public administration $26,680
Executive MBA Not available
Regular MBA Not available
Physical and life sciences and technologies $31,536
Mathematics, computer and information sciences $33,012
Agriculture, natural resources and conservation $26,208
Optometry Not available
Veterinary medicine $63,323
Other health, parks, recreation and fitness $24,626
Personal, protective and transportation services $20,332
Field of Study Grouping for Graduates
Visual and performing arts, and communications technologies $14,737
Social and behavioural sciences $15,032
Law, legal professions and studies $17,237
Business management and public administration $24,693
Executive MBA $66,665
Regular MBA $38,950
Physical and life sciences and technologies $15,421
Mathematics, computer and information sciences $16,647
Agriculture, natural resources and conservation $14,452
Medicine Not available
Veterinary medicine $10,099
Other health, parks, recreation and fitness $18,551
Personal, protective and transportation services Not available
Putting to Consideration Other Cost
Paying for your tuition is one thing, and then paying bills and other living expenses is another. Tuition fee is important and so is accommodation, transportation, feeding, and so on. For your accommodation, you can choose to stay off-campus or on-campus which will differ in cost. The average rent for a typical two-bedroom apartment in Canada averages $1,577 per month which may also vary depending on which city you decide to live in. you can cut-down the cost for housing by looking for a smaller apartment, or by finding a roommate.
There are so many transport option for students, if you don’t have a private vehicle, you can make use of the public transport system with the buses, subways, commuter trains or ferries. One-way public transit fares which usually cost a few dollars, and monthly passes range from about $80 to $150, although many transit providers offer student discounts.
Your transportation can also be cut-down if you get yourself a bike or you do most of your movement to campus on foot. Other cost like health insurance, feeding and so on will also be considered and how much you spend on feeding will depend on you entirely and also the city.