dhruv5588 said:
I am planning to study PGD in Canada (I am B.Tech Civil with 3 years of exp.)
What are the various options of fulfilling financial requirements for getting student visa?
Neither I nor my family have that much liquid money / savings. (Only property we have is our Home)
Can I get student visa with the help of Student Loan ONLY???
Hi,
Studying in Canada is indeed an expensive affair.
For studying 1 year in say some Ontario based college, a PG certificate programme.. it can cost anywhere between 10,000-18,000$ for tuition fees/year or more. Add to that, one has to show minimum 10,000$ for annual living expenses and say 2-4,000$ for airfare and miscellaneous expenses. That's say average 15,000$ fees+10,000$+2,000$= 27,000$/year or say anywhere between 12-16 lacs INR. The costs are even more for university level studies, although there are some very affordable universities like the Memorial university, which has lowest tuition fees in whole of Canada. So..usually one needs to show such amount... to the visa officer and prove that you have adequate funds to cover your tuition + living expenses, while studying in Canada. Of course..later, the living costs can be reduced by working part time and cutting down one's expenses, provided you do get an ON-campus or Off-campus job (eligible only after 6 months of actual studying..and that too not easily available in smaller cities/towns). You can also offset the cost..by applying to a research based Master degree in your area of engineering (provided you are eligible..where universities require minimum 60% in final 2 years of B.E form students of Indian subcontinent), where chances of getting scholarships/funding is very high. Also, studying a good Master degree in "engineering"...even if it's course based from a good university...even if costs are higher... in long run ..in my opinion is more beneficial.
So..given such huge expenses, most students (atleast the middle class) from countries like India, rely heavily on students loan. Yes, now you can get study visa entirely on education loan.. as the CIC now requires you to pay 2 sem/full 1 year tuition fees and show 10,000$ for living expenses either by purchasing GIC certificate OR showing education loan (this is for SPP category). Although, how you get the loan.. totally depends on you/your family's capability.
if you are from India, there are 3 study visa categories you can apply to and in each different options have been mentioned to show proof of funding:
1. general category - requirements/checklist as given by CIC -
http://www.vfs-canada.co.in/pdf/study_permit_20-09-2012.pdf - for general application to all colleges.
2. SPP category -
http://www.vfs-canada.co.in/pdf/delhiSPPchecklist-eng-050213.pdf - for general/univ. application to selected edu. institutes under SPP
3. University category-
http://www.vfs-canada.co.in/pdf/Delhi_study_permit_1_22.10.12.pdf - for university applications
To know more about studying in Canada and study go through the site:
http://www.cic.gc.ca/english/study/study.asp
To know more about student work permits(during or after studies in Canada):
http://www.cic.gc.ca/english/study/work.asp
To know more about various student immigration programmes to stay back in Canada after studies:
http://www.canadavisa.com/canada-immigration-discussion-board/various-immigration-programmes-for-international-students-in-canada-t100908.0.html
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.
