sawal said:
i got the loa from sheridan for software development with network engineering i have a serious question regading financial documentation
1) it is a three year advance diploma so do i have to show more loan as compared to the courses for one or two year
2) i am planning to get loan sanctioned of 10 lakh with 3.5 lakh in savings is dis enough ???
3) itr's and source of income proof is not mandatory but if i file a document of source of income it comes around to be 3 lakh 80 thousand annualy with only me and my mom in the family
4) if the vo officer start thinking logically then he can think that i will not be able to pay fees of the remaining two years with this annual income
5) what i should do ????????
going to pay my first semester fees in the next week so really need the advice from all of u my friends
plzzzzz guide me
Hi,
If you are applying for Canadian study permit form India, under SPP category, then you DO NOT need to attach any extra documents such as ITR, bank statements etc. Just providing an educational loan equivalent to ATLEAST 80% of tuition fees+living expenses+ travel expenses) of only 1st Academic year will be enough.
http://www.vfs-canada.co.in/pdf/Student_Partners_Program_(SPP)_in_india_190412.pdf
If you are applying under General/Generic category, even then they PREFER an educational loan (same as SPP- 80% of 1st year fees +living+travel) and ITR return for salaried individuals. Here you can provide extra documents such as ITR, bank statements, documents to show your financial strength apart form the loan.
http://www.vfs-canada.co.in/pdf/study_permit_17-05-2012.pdf
As long as your profile is good, and you show educational loan (under SPP) and educational loan+ITR to the amount equivalent to ATLEAST 80% of 1st year fees+ living +travel.. you are good to go. No need to show funding for full 3 years. Of course, that's minimum, if you show more..then it's obviously better.
Show loan amount for 1st year tuition fees (13,619$) + living expenses (10,000$) +travel (say 2000$) = 25,619$. So, 80% of 25,619$ = 20,500$ approx. or 11.5 lacs INR or near to this figure is reccomended. So.. I think, coupled with your 10 lacs loan and payment of 1st sem fees is MORE than enough.
If VO's would start doubting that applicants won't be able to pay for their tuition and living expenses in coming year/years.. then the CHC would have made rule to show funds for full duration of the course and not just the 1st academic year. This proves, majority of students are able to pay for their tuition and living expenses in later years of their course.
Do not worry much about the VO. You worry about your funding. You need to gather funds for the next 2 years. If you have doubt... that you may not 've enough for 2nd/3rd year tuition fees/living expenses.. then you may consider joining a 2 years diploma in the same field, may be in some other cheaper college/province which will make your expenses comparatively much lower.
Hope it helps.
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.
