Study in Canada: Financial Aids, Requirements & Eligibility

Canada has been a popular study destination amongst international students. Whether it is about getting high-quality practical education or post-study work opportunities, Canada has been a supporting country for people to achieve their dreams. Indeed, in recent times, the student visa has been a big concern for international students. However, with each passing day the opportunity for sincere students who wants to study in Canada are flourishing.

If you are also planning to study in Canada, then let us help you layout your further education journey in one of the top Canadian universities. You must know, in order to study in Canada, you are required a successful admission. However, besides that, there are two major challenges that students come across and they are; education loan in Canada for international students and student visa for Canada.

Today, in this blog we are going to cover these two major aspects of your study abroad journey and will ensure your dream of studying in Canada do not suffer due to any mistake. So, without further ado, let’s get started.

Why Study in Canada?

Why should you study in Canada? If to answer your question, we could say, because Canada is mini-India? Or because you simply can’t miss the Canadian hockey. Or even who wants to miss the Niagra falls, come on dude? Okay! Not falling for the jokes, let us change our approach.

Before you take all the tension for your student loan for Canada or visa approval, let’s look at the best advantages you get when you study in Canada.

Quality Education:

Canada is home to some of the renowned universities such as University of Toronto, McGill University, and even the University of British Columbia. One of the reasons for these education institutions to be in the list of top universities is academic excellence. The Canadian education system focuses more on practical education where the professors prefer teaching methods that are applicable in real-life. The high standards of quality education that are set by Canadian institutions also consists of the innovative research opportunities. As Canada is known as one of the leaders of research and innovation, students get a chance to work alongside great researchers in the fields like medicine, technology, and science.

Cultural Diversity:

Do you know? One of the two official Canadian languages is French? This is because Canada was a French colony within the larger territory of New France. The French army acclaimed the land in 1535 till 1763. This is the reason why French is the second official language of the nation after English. Not just that, but in Canada, you will find a lot of Indians, as a joke people also call Canada, the mini-India. However, besides the French and Indian, there are students studying in Canada from across the globe. This gives international students a chance to explore cultural diversity and learn about new traditions all while studying in Canada.

Work Opportunities:

Another thing that makes Canada a popular study destination amongst international students is the work opportunities during and after studies. As you are currently tensed about getting an education loan in Canada for international students, you may get a relief to know about the opportunities of learning and earning together. In Canada, you get a chance to work part-time for 20 hours a week in the semesters and full-time in breaks. This not only give the exposure to real-world challenges but also helps you in supporting your living expenses. Besides that, as an international student, you also get Post-Graduation Work Permit that allows you to work in Canada for up to three years after graduation.

Now that you have seen the list of advantages you get when you study in Canada, it is time to explore the options of funding your abroad education dream.

Education Loan for International Students in Canada

The thought of studying abroad surely is an exciting one, as you get the chance to explore a new country along with gaining a globally recognised degree. However, what about the expenses? From tuition fee and living expenses to travelling cost and everyday expenditure, even a step out of home demands money, so, you can either worry about dropping the study in Canada dream or can do something to get student loan for Canada. For your assistance, here are some of the financial aid options you can avail to fulfill your study abroad dream.

Types of Financial Aid

1. Education Loan: One of the direct options of funding your study abroad dream is by getting an education loan. With the help of an education loan, you can take care of your tuition fees and can start the repayment process as per the schedule. However, to avail yourself of an education loan, you must land in the eligibility criteria and have a co-signer with you. Do note that when you are taking a study loan for Canada, you must have a few basic parameters in check such as; interest rate, processing fees, loan processing time, and repayment terms and duration.
2. Scholarships: The next option in the financial aid list is a scholarship. If you are an academically brilliant student, then you can easily get a scholarship. The best part about getting a scholarship is that you don’t have to worry about repaying it. The scholarship can either cover your entire degree or some percentage of it, based on your eligibility criteria. The types of scholarships that are available as a study loan for international students in Canada can either be a government funded financial aid, a university-specific scholarship, or even a private or non-governmental scholarship.
3. Bursary: Another way with the help of which you can fund your study in Canada dream is getting bursary. A bursary is given to students based on their economic needs and this type of funding doesn’t require repayment. Just like scholarships, bursaries are provided by colleges and universities to the student to cover their academic needs. However, one key difference between a scholarship and a bursary is a scholarship is given on the basis of academic excellence, but a bursary is given on the basis of financial needs of the student. To get a bursary, students are required to undergo aa needs assessment, where they have to provide their income or their parents’ income.
4. Alternative options: The last way through which students can fulfill their dream of studying in Canada is by either having personal savings or having a sponsor. As already mentioned, studying in Canada is surely an expensive experience. However, that shouldn’t stop you from accomplishing your dream of gaining practical education. So, to fulfill your dream of an education abroad, you can either have your parents or you yourself save up some money to fund you through grad school. If not, then you can look for a personal sponsor, someone with a good amount of money who can help you pursue your dream. With the help of that trusted funder, you can surely get the best practical education.

Now that we have seen how you can fund your studies in Canada or even study loan for international students in Canada, it is time to talk about the next big challenge. That’s right, it’s time to check the Canada student visa requirements and how to easily get the visa approved. Hence, without further ado, let’s get started.

Canada Student Visa Requirements

Canada Student Visa also known as Study Permit is the most crucial aspect of the entire study in Canada journey. Getting a student visa approved easily seems like a dream, because one wrong document attached with your visa application and there went your dream of studying abroad. As you know the importance of documents and correct process, here’s is a list of Canada student visa requirements to get your visa on time.

1. Acceptance Letter from a Designated Learning Institution

The first requirement of a student visa Canada is to get admission acceptance letter from a well-recognised Canadian university that is registered in the list of Designated Learning Institution. Only these institutions that are approved by the Canadian government hosts international students allowing them to pursue the course of their preference.

2. Proof of Sufficient Fund

The next requirement you must fulfill to get your study permit for Canada is providing a proof that you have sufficient funds to support your tuition fee and living expenses in Canada. As you know how expensive Canadian education can be, the above section will help you in funding your study in Canada dream with ease.

3. Identity Proof and Immigration Medical Exam

A crucial necessity for your Canada study visa is having a valid passport that is supportable throughout your degree duration in Canada. Besides that, as per your travel history and the country you belong to, you may require to undergo a medical exam by a designated panel physician.

4. English Proficiency Exam

In case you do not belong to an English-speaking country then you must prove your English language skills. As Canada’s primary communicating language is English, you must take an English proficiency exam like IELTS, TOEFL, PTE, etc., to prove you can understand your professors communicating in English.

5. Statement of Purpose

The final and most crucial requirement is a Statement of Purpose for Canada student visa. Usually, students mix an admission SOP to the study permit SOP which leads to visa application rejection. In your visa SOP, mention your chosen course and your career goals. This helps immigration authorities assess your intent of returning to your home country after graduation.

Note: The standard Canada student visa processing time is approximately 7-9 weeks. Moreover, the entire visa processing may take two to three months, from filling out the form to giving the visa interview and then finally getting your visa, so you must keep calm.

Get Complete Assistance for Studying in Canada by MetaApply

As the blog comes to an end, we have tried our best to provide you with all the crucial information regarding your study in Canada dream. We understand that two of the most crucial challenges in the study abroad journey is financial aid and getting your visa arrived at the right time. So, for your help and easy understanding, we have made sure to mention every required information.

Moreover, we do understand that applying for an education loan or preparing for the vias interview for the first time can be an overwhelming task. To keep you sane and on the right track, we have a team of experts at MetaApply that will help you through each step of both the processes calmly.

So, whether you are struggling with an education loan or a perfect SOP for the visa application, we have our team right here to guide you. Get the best financial aid for your Canadian education with the help of our experts at MetaFinance. And for the visa process, let our MetaApply professionals lead you to a definite success.