Planning to Study in Canada? Full Guide on Cost, Loans, Universities & Life

Ultimate checklist on universities, costs, study abroad loans, visa guidance, and more to get started on your dream to study in Canada.

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Why Canada is a Top Study Destination for Indian Students

Canada is a leading choice for Indian students, with over 320,000 enrolled in recent years. Known for world-class universities, affordable tuition compared to the US and UK, and clear pathways to permanent residency, Canada combines academic excellence with long-term career opportunities.

Post-Graduation Work Permits (PGWP) allows up to 3 years of work after graduation, and the Express Entry system offers a direct path to permanent residency. Canada’s diversity, healthcare, and recognition of Indian degrees make it a strong choice for building your future.

Quick Facts

  • Students in Canada can study in English or French, and sometimes both!
    Students in Canada can study in English or French, and sometimes both!
  • Canadians love maple syrup a lot with many campuses even hosting pancake breakfast days.
    Canadians love maple syrup a lot with many campuses even hosting pancake breakfast days.
  • Canadian universities offer courses on making ice creams.
    Canadian universities offer courses on making ice creams.
  • With more than 150 spoken languages, it’s one of the most multicultural cities in the world and you'll never feel like an outsider.
    With more than 150 spoken languages, it’s one of the most multicultural cities in the world and you'll never feel like an outsider.

Universities in the Canada

  • McGill University
    McGill University
    Canada
    Public
    Research
    Avg Tuition:
    C$44,000/year
  • Queen’s University
    Queen’s University
    Canada
    Public
    Research
    Avg Tuition:
    C$40,000/year
  • University of Alberta
    University of Alberta
    Canada
    Public
    Research
    Avg Tuition:
    C$38,000/year
  • University of British Columbia
    University of British Columbia
    Canada
    Public
    Research
    Avg Tuition:
    C$49,000/year

How Much Does it Cost to Study in Canada

  • Tuition Fees
    Tuition Fees
    Varies by university type & program
    C$15,000–C$65,000 per year
  • Accommodation
    Accommodation
    On-campus or off-campus housing
    C$8,000–C$15,000 per year
  • Living Expenses
    Living Expenses
    Food, transport, & personal expenses
    C$10,000 – C$15,000 per year

Total Estimated Costs

Undergraduate Programs
  • Tuition & Fees:C$15,000 – C$45,000/year
  • Accommodation:C$8,000 – C$12,000/year
  • Living Expenses: C$10,000 – C$12,000/year
  • Annual Total: C$33,000 – C$69,000
Postgraduate Programs
  • Tuition & Fees:C$20,000 – C$65,000/year
  • Accommodation:C$10,000 – C$15,000/year
  • Living Expenses:C$10,000 – C$15,000/year
  • Annual Total:C$40,000 – C$95,000

Post-Study Work Visa & Job Opportunities

Post-Graduation Work Permit (PGWP)

Within 180 days of finishing the course, you can work full-time while awaiting approval.

It is valid for up to 3 years after graduation

Work Permits & PR Pathways

Canada offers clear routes to Permanent Residency through programs like the Canadian Experience Class (CEC) and Provincial Nominee Program (PNP) for international graduates.

Average Starting Salaries

  • Business & ManagementC$55,000/year
  • EngineeringC$65,000/year
  • HealthcareC$70,000/year
  • Computer ScienceC$68,000/year

Life & Culture in the Canada

Campus Life & Internship Opportunities

Canadian universities offer 350+ student clubs, academic societies, and cultural activities. Co-op programs and internships provide hands-on work experience during studies.

Indian Communities
Cities like Toronto, Brampton, Vancouver, and Surrey have large Indian communities with temples, markets, and festivals like Diwali and Holi. Most universities also have Indian Student Associations for events and networking.
Food & Lifestyle
Indian restaurants and grocery stores are easy to find across Canada, especially in Toronto and Vancouver. Stores like Panchvati Supermarket, Kaveri Supermarket, and Johnvince Foods offer Indian groceries, while apps like Uber Eats, DoorDash, and SkipTheDishes make Indian food just a tap away.
Cities to Live In
Student-friendly cities like Halifax, Ottawa, Calgary and Edmonton offer affordable living, strong job opportunities and a high quality of life. In fact, they are often 20%-30% less expensive than Toronto and Vancouver.
Transportation
Students benefit from discounted transport passes such as Presto Card (Ontario), Compass Card (Vancouver), and OPUS card (Montreal). Public transport systems (buses, subways, trains) are reliable and student budget-friendly.

Education Loan Options for Canada

Compare Loan Types

INR Loans (Indian Lenders)

  • Interest rates start from 8.25%* p.a.
  • Max loan amount: Up to ₹1.5 crore
  • Collateral and co-borrower often required
  • Processing time: 7–14 days

USD Loans (Global Lenders)

  • Interest rates start from 3.39%* p.a.
  • Covers up to 100% of education costs
  • No collateral required
  • Processing time: Around 7 days

Why Choose Lorien Finance for Studying in Canada?

  • Free loan eligibility check across 17+ lenders
  • Higher approval rates with loan matching
  • No-collateral loan options
  • End-to-end loan application support
  • Faster processing time
SBI
Union Bank of India
ICICI Bank
IDFC Bank
Axis Bank
Punjab National Bank
Credila
Auxilo
Avanse
InCred
Tata Capital
Ascent
Earnest
Prodigy
MPOWER Financing
SBI
Union Bank of India
ICICI Bank
IDFC Bank
Axis Bank
Punjab National Bank
Credila
Auxilo
Avanse
InCred
Tata Capital
Ascent
Earnest
Prodigy
MPOWER Financing

International Alumni Network of 500+ Students

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Destination
Destination: USA
Loan Received: $30,000
Int. Rate: 6.45%
"I had a smooth and hassle-free experience securing a loan with Lorien Finance. They were professional, approachable, and transparent throughout the process, explaining all terms and conditions clearly. I highly recommend Lorien finance and Nishant for reliable financial assistance."
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Harsh
Montclair State University
5
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Destination
Destination: USA
Loan Received: $28,000
Int. Rate: 7.24%
"I would like to express my sincere gratitude to Lorien Finance for their outstanding support in assisting me with my loan process. The team took the time to explain all the details, answer all my questions, and provide valuable advice throughout the entire process."
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Vaidehi
University of New Haven
5
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Destination
Destination: USA
Loan Received: $35,000
Int. Rate: 4.70%
"I had a great experience with Lorien Finance while securing my student loan. The process was smooth, transparent, and efficient, making it stress-free for me. Lorien’s dedication to helping students achieve their educational goals is truly commendable."
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Ayush
University of North Carolina
5
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Destination
Destination: UK
Loan Received: ₹34 Lakh
Int. Rate: 11%
"With straightforward application process I received my loan approval faster than I expected with Lorien Finance. The customer service team was responsive and very knowledgeable. I appreciate their transparency about fees and interest rates."
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G. Bhanu
University of Portsmouth
4.7

Frequently Asked Questions

01
How does Lorien Finance help me secure the best education loan?
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01
We partner with India’s top banks and NBFCs to match students with optimal loan options. Our team assists with document collection and negotiates for favorable loan terms.
02
What is the maximum loan amount for studying in Canada?
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02
Loan amounts vary based on degree level, university, and financial profile. Maximum amounts can go up to ₹1.5 crore. To find your best-fit option, talk to our experts today.
03
What documents are required for a study abroad education loan for Canada?
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03
You’ll need KYC documents for the student and co-borrower, academic transcripts, work experience (if applicable), and financial documents of the co-borrower.
04
How does Lorien Finance help me get the best education loan offer?
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04
Lorien Finance works with top banks, NBFCs, and international lenders to secure the best loan terms for students. We assist with documentation, coordinate with lenders, and negotiate favorable loan options.
05
Which courses and Canadian universities are eligible for an education loan through Lorien Finance?
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05
Lorien Finance provides loans for full-time undergraduate, postgraduate, MBA, and STEM programs at accredited Canadian universities. You can easily check eligibility through Lorien’s loan calculator or by speaking with our experts.
06
Are there tax benefits available for study abroad loan for New Zealand?
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06
Yes, you can claim tax deductions on interest paid under Section 80E of the Income Tax Act.
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