Funding Higher Education in Canada for Indian Students

World-class education, diverse landscapes, snow-capped mountains, and dozens of lakes is what comes to the mind when we think of Canada. It is one of the most preferred destinations in the world for pursuing an overseas education.  


In the past few years, the percentage of international students moving to Canada is on rise. The credit for this goes to the top universities in the country and their top-class quality of education.


Canada is affordable for higher studies as compared to other English-speaking countries of the world. An average cost of a bachelors degree from a reputed institution in Canada goes up to CAD $ 80,000-90,000 whereas a masters degree costs around CAD $ 45,000-50,000. Canadian universities also offer UG and PG diplomas. An average cost of these diplomas costs around CAD $ 25,000 - 30,000. 


Aspirants willing to study in Canada have various options to fund their international degree. In this article, we are going to dive into these options. They will help you plan you finances better and well in advance. 


Financial assistance of Indian students for studying in Canada:


Right from education loans to university scholarship there are multiple way to fund an international degree in Canada.

1.    Student loans 

Education Loan for studying in Canada is one of the most preferred way of funding an international degree. Students can avail a secured or unsecured overseas education loan from public sector banks, NBFCs or international lenders.


In order to receive a Canadian visa, applicants are required to show funds that cover the cost of education and GIC expenses in Canada. GIC is an assurance for having sufficient funds i.e., C$10,000 to cover the living expenses for one year.

2.    University Scholarships 

There are various foreign universities offering scholarships for overseas education. Canadian universities and colleges also offer a wide range of scholarships to meritorious Indian students to help them fund their higher education. These scholarships cover tuition fees and can be partially or fully funded. Students can check the university websites to know the eligibility criteria and other details. Aspirants should send in their applications at the earliest possible as Canada being one of the most preferred study destinations, hundreds of students apply for Canadian scholarships every year.

3.    Government Scholarships

Indian government provides various subsidy schemes and caste-based scholarships for meritorious Indian students aspiring to study in Canada. Although these are awarded to a limited number of students, study abroad aspirants having exceptional academic criteria and meeting other eligibility requirements must apply for government scholarships. Getting a government scholarship is competitive and hence one should apply well ahead in time. 


The climate, culture and the adventurous life in Canada makes it the most preferred study destination for overseas education. If you are willing to pursue your higher education in Canada and are looking for funding options. Do reach out to us as we will help you in choosing a right foreign education loan or assist you in applying for as many scholarships you want.

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