virtigo said:
Hello.i got into sheridan college mississauga for september intake for the course computer systems technician.iam currently undergoing the loan processing.can anyone tell me how much money iam supposed to have in the bank as per new rules?
Hi,
Considering, you are a first time applicant... and as citizen of India, you will be applying under SPP, as Sheridan is a participating college under SPP.
Here's the official checklist of SPP category (fewer documents and faster visa processing):
http://www.vfs-canada.co.in/pdf/Student_Partners_Program_09022013.pdf
Acco. to this checklist:
Copy of receipts for tuition payment provided by the SPP institution.
Proof of funds: You MUST demonstrate the purchase of a special
Guaranteed
Investment Certificate (GIC) from a participating Canadian financial institution, in the
amount
of $10,000 CAD to cover living expenses for your first year in Canada.
Please consult page 2 for information on how to obtain a GIC.
GIC:
http://www.scotiabank.com/ca/en/0,,5698,00.html
That's it. You need to pay atleast 1st semester/term tuition fees (it's better if you pay 1 year/2 sem tuition fees) , attach payment receipts from college and purchase a GIC certificate of 10,000C$ for living expenses with your application package.
Doesn't matter..how you do it... pay by taking loan... or pay from your own pocket.... There's no need to show any official loan letter with your actual application package whatsoever.
Also, to strengthen your application... apart from whatever mentioned on the SPP checklist, it's highly reccomended that you write a short 1-1.5 page crisp to the point SOP, as to how and why this course will be beneficial for you, and for your career in long run, keeping in view your background.
Best of Luck.
***All opinions expressed are purely personal, and pieces of information mentioned are to the best of my knowledge... You should consult other sources too.