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Ever since Raj met his cousin who
had recently returned from abroad and was now making a six figure salary, he
had his mind set upon completing his higher studies from an internationally
recognized university. Having chosen the promising field of biotechnology, he
knew that few colleges could offer him the opportunity to learn and earn on the
go. After a lot of research and deliberations, he chose the renowned Seneca
College in Toronto, Canada to complete his post graduation in biotechnology.
What made him pick up the university was a combination of multiple factors. First and foremost, he wanted to enroll in a foreign university which offered world class education systems with lenient visa requirements and which offered students to earn while they complete their course. Then he made a quick list of countries and universities where he may want to apply for the course and naturally Canada become one of the top prospects for this dedicated and smart student. He was also astounded with tales of how his cousin was able to gel in comfortably with local residents of Canada and he had heard encouraging reports of the climate and vibrant night life. Sealing the deal for him was the level of affordable healthcare and the possibility to immigrate permanently in the country.
Like Raj, multitudes of young and
promising students are now beginning to seriously consider Canada to forge
their visions of a bright future. In fact recent data suggests that Indians now
make the second largest section of international students studying in Canada.
The government of Canada has made it easier for Indian students to study there
by facilitating Memorandum of Understanding (MOUs)
between their educational institutions and universities as well as varsities in
India. With prospective tuition fees being lower by 30percent on average as
compared to universities in US and the UK, views
of students is tilting in Canada’s favour. The positive experience of
previously graduated students also lends to more support for studying in
Canada.
As an established centre attracting quality
teaching talent, Canada is increasingly being recognized as knowledge based
economy and has witnessed flock of international students applying across
various streams like Information Technology, Business
Management, Hospitality Management and Engineering.
A very supportive academic environment where professors are approachable and
classrooms reflect the cultural diversity of the country are what makes Canada
the land of some of the world’s top research facilities and academic
institutions.
In order to limit fraud and to enhance Canada’s
reputation in the international market, the local government has revised
its International Student Program effective June 1, 2014. The
revision allows students to gain a clear understanding of application and work
as well as immigration process for Canada. It is mandatory to apply for a study
permit at the local visa office of the home country. One of the most critical
asks is that students have to submit proof of having sufficient funds for their
stay in Canada. Avanse’sPre-approved Loan (PAL) empowers students with an
In-Principal Loan Sanction letter which serves as a solid ‘Proof of Funds’.
With PAL, students can apply to multiple universities and increase their
chances of securing an admission. In fact, a pre-approved education loan ensures that students can effectively focus on their
studies without worrying about various added costs like medical insurance or
living expenses. More details about the various documents required can be found
here.
As a progressive, and constitutional monarchy,
Canada showcases a deep assimilation of cultures from migrant population
promoting multiculturalism. With one of the highest standards of living in the
global arena, it is poised to draw more and more foreign students to witness
and enjoy the fruits of its advanced economy.
So it’s definitely a good decision to study
abroad in Canada?
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.