• Study in Canada

How to Finance Your Childs Study in Canada?

1196 Reads
3 min Read

By:CANAM Group
Updated On:Sep 15,2023 10:28 AM IST

How to Finance Your Childs Study in Canada .webp
Major expenses to be met in Canada

We believe a child education is the most crucial investment for parents, and most educated parents usually start planning about their child education even before birth. While elementary education is quite affordable in India and most parents provide it to their children, higher education is a concern for most Indian parents, especially if it has to be from an international destination.

Under such circumstances, there is a need for an expert who can guide and provide adequate information about managing finances while the child prepares to move to an international institute for higher studies. Here is a blog to guide the parents on managing finances for their child's education in Canada.

Cost of Education, depending upon the choice of program
Future career prospects post successful completion of the program
Cost of education and living expenses in Canada
(GIC is Guaranteed Investment Certificate under which CAD$ 10000 is to be paid to the Scotia bank in Canada)

Managing funds to study in Canada

In case you have decided to send your child to Canada to pursue higher studies, and you are a little worried about how to manage funds, You have the following options available to manage funds for your child's education in Canada:

Explore scholarship and fee waiver options, if your child is bright enough and is exceptionally talented. An implied scholarship option can significantly reduce the money needed for your child's education in Canada.
Educational Loans can also be considered from a bank in the home country. Many banks these days are offering educational loans for students aspiring to move abroad for higher studies at attractive interest rates.
Working while studying is a realistic and practical option available to manage finances. Part-time work options while studying, on the one hand, will reduce the financial burden, and on the other hand, it will make the child self-dependent and responsible.

So, all the parents who have dreamt about sending their children to Canada for education purposes but have not been able to make this dream come true, so far due to financial constraints, the above options will indeed allow you to fulfil your objectives. For more information, visit your nearest Canam Office.

Get great articles direct to your inbox

The latest news, articles, and resources, sent straight to your inbox every month.

Popular Universities to Study Abroad

World class education waiting for you.

Health Careers International (HCI) Group - Institute of Health and Nursing Australia (IHNA) - Perth Campus

Western Australia, Australia • 1 Programmes

Tuition Fee : AUD 7500-8000 / year

Liverpool John Moores University - Mount Pleasant Campus

England, UK • 143 Programmes

Tuition Fee : GBP 16000-17000 / year

Navitas Group - SAE Institute - Perth Campus

Western Australia, Australia • 24 Programmes

Tuition Fee : AUD 27500-33000 / year

York University - Markham Campus

Ontario, Canada • 3 Programmes

Tuition Fee : CAD 0-0 / year

University of Colorado Denver

Colorado, USA • 102 Programmes

Tuition Fee : USD 32000-33000 / year

Wrexham University - Northop Campus

Wales, UK • 3 Programmes

Tuition Fee : GBP 11000-13000 / year

Shorelight Group - University of Massachusetts Boston

Massachusetts, USA • 68 Programmes

Tuition Fee : USD 35000-36000 / year

Navitas Group - University of Plymouth International College (UPIC) at Plymouth University

England, UK • 109 Programmes

Tuition Fee : GBP 3000-17000 / year

View All Universities

Latest at CANAM

Events, webinar, college / university visits and more.

Dalhousie University Application Week

Study in Canada • Application Days

All Canam Offices, PAN India • 11:00AM

In-Person & Virtual Event

University Visit - Saskatchewan Colleges (MSM)

Study in Canada • University Visit

Sangrur • 12:30PM

In-Person Event

University Visit - NAVITAS , Canada

Study in Canada • University Visit

kochi2 • 12:30PM

In-Person Event

Top countries destinations

Popular university and colleges for Studying abroad.

Bond University Queensland
Central Queensland University - Rockhampton, North Campus Queensland
Charles Sturt University - Wagga Wagga Campus New South Wales
Deakin University - Geelong Waurn Ponds Campus Victoria
Engineering Institute of Technology - Perth campus Western Australia
Griffith University - Nathan Campus Queensland
La Trobe University - Bendigo Campus Victoria
LCI Melbourne - Art & Design School Victoria

Ara Institute of Canterbury - City Campus Southland
Aspire 2 International - Auckland Campus Auckland
Auckland University of Technology - City Campus Auckland
Eastern Institute of Technology - Hawke Bay Campus Hawke's Bay
Manukau Institute of Technology -Manukau Campus Auckland
Massey University - Auckland Campus Auckland
Nelson Marlborough Institute of Technology (NMIT) - Nelson Campus Southland
New Zealand Institute of Business & Technology (NZIBT) Auckland
The University of Waikato - Hamilton Campus Hamilton

Kent state university Ohio
San Jose State University California
Wright State University Ohio
Clark University Massachusetts
Rowan University New Jersey
Arkansas State University Arkansas
University of Wisconsin Milwaukee Wisconsin
Southern Illinois University Edwardsville Illinois
University of Findlay Ohio

Popular English Language Proficiency Exams

Blogs and Articles

Curated content to keep you updated on the latest education trends, news and more.

PTE Exam Centers in India 2025: Check City Wise PTE Exam Centers

Pearson Test of English or PTE is conducted all over India at various exam centers. There are 62 PTE exam centers in India, and candidates can also ta...

Updated on • Jan 15,2025 01:52 PM IST • PTE

Summer Intake in Germany 2025

Germany is located in Central Europe and is known for its rich culture, history, strong economy, and high standard of living. Its diverse population h...

Updated on • Jan 14,2025 05:49 PM IST • Study in Germany

IELTS Reading Practice Tests 2025: Reading Passage and Sample Questions

The IELTS or International English Language Testing System exam consists of four modules – Reading, Writing, Speaking and Listening. The IELTS Readi...

Updated on • Jan 14,2025 05:48 PM IST • IELTS

May Intake in Canada 2025

What is May Intake in Canada 2025?Canada May Intake is considered the third most popular study intake in Canada after the September and January...

Updated on • Jan 14,2025 04:09 PM IST • Study in Canada

IELTS Letter Writing Topics 2025

There is a 60-minute time limit for the IELTS Writing test, with 20 minutes allotted for Task 1 and 40 minutes for Task 2. IELTS General Writing Task ...

Updated on • Jan 14,2025 01:44 PM IST • IELTS

February Intake in Australia: Timeline, Courses, Universities, Deadlines & More

Students who desire to study in Australia should consider the February 2025 intake, which is known as the primary intake in Australia for admission, t...

Updated on • Jan 14,2025 10:33 AM IST • Australia

Scholarships to Study in Ireland

Getting scholarships to study in Ireland is no less than an open-eye dream for many of the students out there. What makes getting a scholarship such a...

Updated on • Jan 10,2025 05:28 PM IST • Ireland

Canada IELTS band requirements 2025

Canada's education system is considered the best in the world for international students. Students must fulfil many Canadian Universities' requirement...

Updated on • Jan 10,2025 05:10 PM IST • IELTS

What makes Australia a preferred study destination for Indians?

Australia remains a top choice for Indian students seeking a study-abroad adventure, offering unparalleled advantages. Its blend of quality education,...

Updated on • Jan 10,2025 11:25 AM IST • Australia

PTE Accepted Universities in Australia

In recent years, PTE has emerged as one of the alternatives to IELTS to study abroad. Many top study-abroad destinations like USA, UK and New Zealand ...

Updated on • Jan 10,2025 11:07 AM IST • PTE

Cheapest MBA in UK for International Students

Earning a Master of Business Administration (MBA) can be a game-changer for your career, opening doors to leadership roles and propelling your earning...

Updated on • Jan 09,2025 04:39 PM IST • UK

How to Choose a Study Abroad Destination?

International education is a dream for many students. It not only helps you excel professionally, but also enhances your perception, and evo...

Updated on • Jan 09,2025 04:32 PM IST • Study Abroad

Why Study in Europe?

A quick question for you readers: What's the most important step in studying abroad? *drumrolls* so? Did your answer include anything like choosing a ...

Updated on • Jan 07,2025 05:36 PM IST • Study Abroad

Top Free Education Countries for Indian Students

Education is the right of every individual on earth. It enhances your knowledge, improves economic opportunities, and promotes personal development. A...

Updated on • Jan 06,2025 11:43 AM IST • International Students

September/Fall Intake Canada 2025: Timeline, Universities & Admission Requirements

Studying in Canada after 12th class is the dream of many Indian students. Students with guidance from study abroad consultants apply for different int...

Updated on • Jan 03,2025 05:27 PM IST • Study in Canada

Study in British Columbia

Imagine waking up and starting your day to a breathtaking view of the Pacific Ocean on one side and snow-covered mountains on the other- Yes! That's B...

Updated on • Jan 02,2025 04:35 PM IST • Study in Canada

Exams Required to Study in USA

If you want to study in the USA, you might have to take a few exams depending on your field, and study goals. These exams help US Universities & C...

Updated on • Dec 31,2024 12:44 PM IST • USA

Study in USA After Diploma

Have you completed your diploma and want to expand your education to unlock new opportunities? the USA welcomes you with open arms. It offers many opp...

Updated on • Dec 31,2024 12:39 PM IST • USA

Most Affordable Universities in USA

There are several students across the globe who dream of studying in the USA. The USA is a dream study-abroad destination, and all those who dream abo...

Updated on • Dec 27,2024 03:55 PM IST • USA

Life in Canada as an Indian Student

Canada is one of the most popular study destinations among international students. This is because it is home to world-class universities th...

Updated on • Dec 26,2024 05:50 PM IST • Study in Canada

How to Finance Your Childs Study in Canada?

Events, webinar, college / university visits and more.

Popular university and colleges for Studying abroad.

Bond University Queensland

Central Queensland University - Rockhampton, North Campus Queensland

Charles Sturt University - Wagga Wagga Campus New South Wales

Deakin University - Geelong Waurn Ponds Campus Victoria

Engineering Institute of Technology - Perth campus Western Australia

Griffith University - Nathan Campus Queensland

La Trobe University - Bendigo Campus Victoria

LCI Melbourne - Art & Design School Victoria

University Canada West British Columbia

University of Windsor Ontario

Dalhousie University Nova Scotia

Carleton University Ontario

Cape Breton University Nova Scotia

University of ottawa Ontario

University of saskatchewan Saskatchewan

University of regina Saskatchewan

University of guelph Ontario

Ara Institute of Canterbury - City Campus Southland

Aspire 2 International - Auckland Campus Auckland

Auckland University of Technology - City Campus Auckland

Eastern Institute of Technology - Hawke Bay Campus Hawke's Bay

Manukau Institute of Technology -Manukau Campus Auckland

Massey University - Auckland Campus Auckland

Nelson Marlborough Institute of Technology (NMIT) - Nelson Campus Southland

New Zealand Institute of Business & Technology (NZIBT) Auckland

The University of Waikato - Hamilton Campus Hamilton

University of Warwick England

De Montfort University England

University of West London England

University of Strathclyde Scotland

Aston University England

University of Bath England

University of Liverpool England

Durham University England

Newcastle University England

Kent state university Ohio

San Jose State University California

Wright State University Ohio

Clark University Massachusetts

Rowan University New Jersey

Arkansas State University Arkansas

University of Wisconsin Milwaukee Wisconsin

Southern Illinois University Edwardsville Illinois

University of Findlay Ohio

Popular English Language Proficiency Exams