Cost of Studying in Canada

    Updated on: 25 Oct 2023 9 min read

    Cost of Studying in Canada 

    Canada is one of the most preferred study destinations for Indian students. The number of Indian students studying in Canada has increased significantly in recent years. Study programs like engineering, nursing, economics, media, journalism, and many more are well-known among students.

    The country has a robust economy, multiculturalism, and the best education system that attract students from around the globe. According to the Global Peace Index, Canada ranks 12th globally, making it one of the most peaceful countries. One of the best policies in Canada is the ability to work and earn money through programs like the Co-op.

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    Arranging the Cost of living and studying in Canada

    • Education Loan: To arrange the cost of studying and living in Canada most students take Education loans against various collateral. Students can take loans from various government banks, private banks, and NBFCs. The education loan provided by these banks covers the cost of tuition fees and expenses of living, examination fees, purchase of books, uniforms, equipment and instruments, computers/laptops; and travel fare, i.e. ticket from India to Canada.
    • To cope with the studying and living costs, many funding options are available, like-
      • Host country government funding schemes
      • Canadian higher education institutions scholarships, grants, awards, bursaries or fellowships
      • Student loans


    Name of scholarships 

    • Banting Postdoctoral Fellowship
    • Vanier Graduate Scholarships
    • IDRC Research Awards
    • Ontario Graduate Scholarships
    • Ontario Trillium Scholarship
    • Quebec Provincial Government Scholarship
    • Canada- ASEAN SEED

    Read more about: Scholarships for International Students in Canada


    We hope this blog post will help you plan your studies in Canada better and give you a better idea of the overall costs of studying in Canada. It is always smart to plan your expenses before moving outside India. Additionally, you can connect with GyanDhan, as we are here to support you throughout your study abroad journey, from providing you with the best banking partners to guiding you every step of the way. 

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Content Writer with a demonstrated history of working in the health, advertising, real estate industries, and study abroad services. Skilled in Copywriting, Content Writing, Photography, Advertising, and Video Editing. Strong marketing professional with a BA - Bachelor of Arts in Journalism and Mass Communication from JIMS VASANT KUNJ

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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.

Specializes in:
Education loan , Study Abroad Admissions

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