Canada is among the most affordable of the leading study abroad nations for international students, depending on the program and institution. It has lower tuition rates for foreign students than the UK, Australia, and the US. Students can pursue their studies in a globally recognized program at one of Canada’s top schools for much less than what it would cost to attend an equally reputable program at a private US university or college.
Still, studying abroad—anywhere—requires careful financial planning and it can be important to find out if there are scholarships or other forms of financial support available. This section will provide guidance on how to find that information.
Costs of Study
The following tables provide different ways for the agent to show students (a) how Canada compares to other leading study abroad countries in terms of affordability and (b), in Figure 2, the costs of studying at various levels of schooling in Canada.Of course tuition is not the only cost international students will need to budget for when studying in Canada; they must also factor in the cost of living. Figure 1 looks at the average cost of an undergraduate degree, including the cost of living, across leading study abroad destinations including Canada:
Source: HSBC “The Value of Education: Springboard for success,” September 2014
There are many programs and funding options for international students interested in studying in Canada: particularly international students of high academic standing or, in some cases, qualified students from certain areas or countries for whom scholarships or other financial assistance is in place.
The first place to look for information is the Canadian government’s international scholarships page. This online resource allows students and agents to look up available scholarships based on their country of origin. Increasingly, Canadian provinces and territories are developing their own scholarship and award programs for international students. This is why we also recommend that students and agents visit the Ministry of Education website of their host province and continue to check for updates on www.scholarships.gc.ca.
Beyond these general search sites, most post-secondary institutions will have some sort of funding assistance available to international students, and some secondary schools will as well. Certain institutions and provincial governments may also have in place a reduced tuition rate for students studying in a particular language or in a particular field. It really will be the task of the agent and/or the student to determine if there is a scholarship or funding assistance opportunity available for the program or school under consideration.