Financial Requirements for International Students in Quebec

Quebec stands out as a favored destination for international students seeking quality education. However, to embark on studies in Quebec, prospective students must provide evidence of adequate financial resources to cover both academic fees and living expenses.

Proof of financial capacity can be demonstrated through various means

  • Personal Bank Statements: Applicants can present their bank statements spanning six months, showcasing ample funds to sustain their educational journey. Additionally, evidence of tuition and accommodation fee payments is required.
  • Support from Close Relatives: Alternatively, applicants may opt to provide bank statements from close relatives illustrating sufficient financial backing. A formal letter of financial support from these relatives is essential.
  • Scholarships or Canadian Funding: Students with scholarships or enrolled in Canadian-funded educational programs must furnish proof of funding originating from within Canada.

Tuition costs typically hover around $15,000 annually, though this figure may vary depending on the chosen institution and program of study.

Apart from tuition, prospective students must budget for living expenses, the specifics of which are outlined in the table below:

Number of Dependents Additional Funds Required Annually (in addition to tuition)
Yourself (1) $11,000
With a family member older than 18 (2) +$5,100
With a family member under 18 (2) +$3,800
Any additional family member older than 18 +$5,125
Any additional family member under 18 +$1,903

 

To calculate the total amount of proof of funds required, applicants can refer to the following formula:

Example: Tuition $15,000 + $11,000 (student) + $5,100 (spouse)

Total proof of funds needed: $31,100

These financial requirements ensure that international students can sustain themselves throughout their educational tenure in Quebec.

The article outlines the financial prerequisites for international students aspiring to study in Quebec. It details the various means through which students can prove their financial capacity, such as personal bank statements or support from close relatives. Additionally, it provides insight into the tuition fees and living expenses, with a breakdown of the additional funds required based on the number and age of dependents. Finally, it offers an example to illustrate how to calculate the total proof of funds needed. Overall, the article aims to guide prospective students in understanding and meeting the financial criteria necessary for studying in Quebec.

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