5 Affordable Ways to Study in Canada


5 Affordable Ways to Study in Canada

Majority of students would like to study in Canada but they may have been discouraged because of the high tuition fees by most universities and institutions in Canada. But the fact remains that Canadian institutions are more affordable than institutions and colleges in the United states of America and the United Kingdom.


Though relatively affordable compared to schools in the US and the UK, Canadian institutions still offer a variety of courses and programs at affordable prices.  There are also high quality courses and degree programs that are highly affordable in Canada. This means that you can still study a great course in Canada without having to spend too much on tuition fees.


Though Canada is a safe place to live, the cost of living is quite high compared to the cost of living in Nigeria. Therefore, Nigerian students planning to study in Canada need to be strategic about  their plans on how to cope with living in Canada while studying there.


Also Read: Five Important Study Guides For International Student


What are some affordable ways to study in Canada?

Generally. A Lot of people hold the opinion that studying in Canada is unattainable or out of reach for a Nigerian student because of the presumed high cost of tuition, but this opinion is flawed because there are still some institution whose price is not too exorbitant that is out of reach for an average Nigerian Student.


The truth is, despite the high cost of living in Canada, there are certain ways to cut costs and live according to your means when studying in Canada. In this article we have listed certain suggestions that if carefully followed will help you cut costs and afford your stay in Canada while studying.

In order to afford to study in Canada consider the suggestions we listed below.


1. Shop clothes and shoes from Thrift

As a student who is low on budget, you do not want to complicate things further by shopping from expensive stores. Most thrift stores actually have high quality items at affordable prices so, you should source for items like clothes and shoes from a thrift store to save cost.

2. Enroll in an affordable institution


Remember that, this article is meant to show you affordable ways to study in Canada so, you would not want to choose an institution whose tuition fee is high. Every city, state or country has different institutions with different tuition fees, so you should focus on finding a very affordable institution.


3. Be wise with your associates


Our associates are bound to influence us either for good or bad. In the midst of our associates comes peer pressure and a competitive desire. If among our associates are peers whose social class is different from ours, we may find ourselves struggling to meet up with their exorbitant lifestyle and this will likely frustrate our plans to live a budget friendly life that is within our financial capacity.


You may be under pressure to buy things you don;t need, spend exorbitant amounts on unnecessities just to impress your peers and at the end of the day, you may likely end up getting into lots of financial crises and worsen your financial status.


Although, you will like to make connections with others who are not in the same social class with you, just to create better opportunities in the future, you want to keep it at a level where you don’t get unnecessarily pressured to live a lifestyle that you can not afford.

4. Cut down on commuting expenses


Yes, as someone with less finances who wants to live an affordable lifestyle in Canada while studying, you need to cut down on how much you spend commuting from place to place, especially on short distances that likely cost the same price as long distances.


You may need to cover some distance on foot to save more. This tip has a double advantage as walking is also considered as an exercise, so while you walk to save, you also walk to stay healthy.

5. Do not joke with student discounts


Many retail organizations offer discounts to students when they present their school identity card. You are encouraged to move around your student Identity Card in case you will need to shop while out, you may just be fortunate to get a student’s discount at the presentation of your Identity Card and save yourself some discount.


Make your own meals: Eating out may be convenient for a student but the truth is cooking your own meal is a lot cheaper and healthier too. Instead of spending the sum that should make you a meal for the whole day or for two days, why spend it on just one square meal a day at the cafeteria?


Making your own meal is one way to live within your financial limitations so that you don’t run into debts or get into financial crises as a student on a budget


As we stated earlier, different schools have different prices in every city and country likewise Canada. One of the affordable ways to study in Canada is to find an institution with a very flexible and affordable tuition fee.


In this article, we have listed some of the Canadian institution known to offer the best rates and tuition so far and they are  Athabasca university, University of Regina, Memorial University of Newfoundland, Royal Roads University and University of Saskatchewan


Read Also: How to get a credit transfer to a UK University

Financial support for Nigerian Students in Canada


As a Nigerian student studying in Canada or a Canadian university, there are some means to assist you financially to help you achieve your academic goals. The Canadian government offers a variety of scholarships and grants to international students, including those from Nigeria.


In addition, many Canadian universities have their own financial aid programs, which can provide additional support. We have outlined some of those means here to help you afford your study in Canada or a Canadian university on a budget.

A. Study Grants and Scholarships


Scholarships and grants are a form of financial support that can be provided by various entities such as institutions, organizations, governments or individuals to assist international students in financing their studies.


These forms of financial assistance can cover tuition fees, living expenses, and other related costs. It is highly recommended that as an  international student whose dream is to study in Canada on a budget,  research and apply for scholarships and grants to reduce the financial burden of your studies.


By doing so, you can focus on your academic pursuits and achieve your goals without worrying about financial constraints. As a Canadian student, you  have access to numerous scholarships and awards and many of them are free. This means that you will not need to pay it back.


These may be one-time awards or annual grants, available throughout the student’s time in higher education. Usually, these scholarships and grants are merited via Successes in academics, athletics, philanthropy, or the arts.


These are often used as a determining factor for offering scholarships and grants to students. In order to maintain eligibility for the scholarship or grant on an annual basis, it is imperative that certain requirements are met.


These requirements may include achieving a specific grade point average or completing a certain number of credit hours. It is highly recommended that applicants thoroughly review the terms and conditions of the scholarship or grant in order to ensure that they are meeting all necessary criteria. Failure to do so may result in the loss of funding for subsequent years.


It is our sincere hope that all applicants are able to successfully renew their scholarship or grant and continue to pursue their academic goals with the support of this funding. Scholarships and grants are widely available from numerous sources.


Some of these sources include postsecondary schools, nonprofit foundations, community organizations, government agencies, and private businesses.  It is important to research each source thoroughly to determine which scholarships and grants are available and which ones are the best fit for your needs.


Be sure to follow the application instructions carefully and provide all necessary supporting documents. With persistent effort, you can secure the funding you need to pursue your educational goals in Canada as an international student.


We strongly advise that as an individual seeking scholarships and awards, You should conduct extensive research well in advance before the start date of your academic year. When you do this, you will have ample time to prepare your application and increase your chances of being selected.


Remember you are not the only one who is applying for the scholarship or grant and the truth is, the organization will/may never grant everyone’s request so you have to put in more effort to increase your chances of being selected among many others.


It is also important that you thoroughly review the eligibility requirements and application deadlines for each scholarship or award. Additionally, as a student seeking financial support, you should consider reaching out to organizations or individuals who have previously received the scholarship or award for guidance and advice.


With proper research and preparation, you can greatly increase your chances of receiving the financial support you need to achieve your academic and career goals and afford your study in Canada despite having limited finances.


We highly recommend these sites, Studentawards.ca and scholarshipscanada.com as they are great  sources for information on scholarships and grants. Additionally, RBC (Royal Bank of Canada) is a generous contributor to numerous Canadian student scholarships.


It is important to note that scholarships and grants offer financial assistance to students who meet specific criteria, such as academic achievement or certain level of  financial needs. These awards can cover a range of expenses, including tuition, books, and living expenses.


We strongly advise that you find and apply for as many scholarships and grants as possible so as to maximize your chances of receiving financial support from one or all of the bodies you have applied to. Overall, scholarships and grants are an excellent opportunity for international students on a budget to pursue their education without the burden of excessive debt.


Things You must know about Scholarships and Grants.


It is important to note that every scholarship or award has its own unique application process.It is imperative that applicants thoroughly research and understand the requirements for each opportunity they are interested in pursuing.

Failure to do so may result in disqualification or missed opportunities. It is highly recommended that you carefully review all application materials and follow instructions precisely. By doing so, you will increase your chances of succeeding and may be awarded the scholarship or award you are seeking.


Scholarships and grants are forms of financial aid that do not require repayment. They are awarded based on various criteria, such as academic achievement, financial need, or specific talents. Unlike loans, scholarships and grants do not accrue interest or need to be paid back. This makes them a valuable resource for students who are seeking to further their education but may not have the financial means to do so.


Scholarships and grants are commonly awarded to students who have demonstrated exceptional academic or extracurricular achievements, volunteer experience, and professional successes. In addition, specialized research topics, particularly for graduate students, may also be considered for such awards.


It is important for students to thoroughly research and apply for these opportunities, as they can provide significant financial assistance and recognition for their accomplishments. We strongly encourage you to pursue these opportunities and showcase your achievements to the fullest extent possible.


When seeking financial aid for college, filling out a scholarship form is often required. However, for those who meet specific criteria, an admission scholarship may automatically be granted.


This type of scholarship is a great opportunity for eligible individuals to receive financial assistance without the added burden of completing an application. It is highly recommended that you make extensive research and inquire about admission scholarships at your desired institutions to take advantage of this beneficial option.


We highly advise  you as a prospective international student to examine the websites of Canadian universities you are interested in attending. Many of these institutions offer entry scholarships specifically for international students. These scholarships can greatly assist with the cost of tuition and living expenses. By taking the time to research and apply for these scholarships, you can increase your chances of receiving financial aid and pursuing your academic goals in Canada.


B. Bursaries


Bursaries in Canada are a great way for students to receive financial support for their education. Unlike scholarships and grants which are based on performance and academic merit,  Bursaries are offered to students based on their financial needs, and other criteria set by the bursary provider.


Bursaries are also a one time payment that do not require repayments. Bursaries come from NGOs and sometimes, private businesses. Students can apply for bursaries through their school or directly through the Bursary provider.


It is important to research and apply for bursaries early, as many have strict deadlines. Take advantage of these provisions and opportunities to alleviate the financial burden on your education.


Things you need to know about Bursaries.


it is an undeniable fact that bursaries, such as scholarships or grants, do not need to be repaid. This is an incredibly advantageous and beneficial opportunity for those who are eligible.


It is highly recommended to research the individual school or university website for further information on bursaries and other related opportunities. Such resources are invaluable and should not be overlooked.


The primary goal of a bursary program is to supplement the primary sources of income for students. It provides financial assistance to students who require it while allowing them to focus on their studies without any financial burden.


The bursary program is an excellent opportunity for students to pursue their academic goals without worrying about financial constraints.Therefore, I highly recommend eligible students to take advantage of this program and apply for it as soon as possible.To apply for a bursary program, it is essential to be registered as an international student at the institution you wish to study in.


C. Student loans

To obtain a study permit for Canada, you must demonstrate sufficient financial means to cover the cost of school and living expenses. Student loans are a type of loan designed to assist students in paying for their post-secondary education. This loan covers tuition, books, supplies, and living expenses.


It is important to note that student loans must be repaid, with interest, typically after graduation. We strongly encourage you to consider student loans as a viable option for financing your education in Canada but it should be your last resort not the first, remember you will have to pay back with interest. With proper planning and responsible borrowing, student loans can provide the necessary funds to achieve academic goals and succeed in the future.


Things you need to know about student Loans

Loans for post-secondary education in Canada can be obtained from either Royal Bank of Canada l or the Canadian Student Financial Assistance Program (CSFAP). If opting for a bank loan, it is important to note that RBC requires repayment within a specific timeframe and may require a guarantor’s signature before approval.


On the other hand, CSFAP is a federal program that collaborates with provinces and territories to provide revolving and non-revolving loans to Canadian citizens, permanent residents, and designated protected persons from middle and low-income families.


These loans are accessible to both full-time and part-time students. We highly recommend exploring the options available through CSFAP for your post-secondary education needs.


Read Also: Amazing Reasons to study Abroad


D. Student’s Credit Card


A line of credit is a loan that allows you to borrow up to a predetermined amount. This loan is designed to assist  post-secondary education with school expenses such as tuition, books, and supplies, as well as living expenses. With a line of credit, you can borrow money, pay some of it back, and then borrow again.


The interest is only charged on the money you actually borrow. We also recommend you consider a student line of credit for those pursuing higher education. It is a smart financial decision that can help you achieve your academic goals without unnecessary financial stress. 


Things you need to know about Student’s Credit Cards


The bank usually sets the amount for your line of credit based on your course, your institution, living expenses, credit history and your ability to repay what you borrow.

You are to repay back only the amount you borrowed with its accrued interest.


For instance, if you have up to $ 5,000 CAD in your credit card, and you spend $ 2,000 CAD from it, your repayment will be $ 2000 CAD not $ 5,000 CAD. Interest rates on private student loans may be lower than those government student’s loans. Unlike loans, you can begin your repayment at any time.


E. Financial Aid from individual Educational Institutions

Individual educational institutions offer financial aid to students who need assistance paying for their education. This aid can come in the form of scholarships, grants, loans, or work-study programs.


To apply for financial aid, you need to look up the website of the institute you’re applying to, to see the requirements and complete your application. When you do, the institution will then determine the amount of aid that you are eligible for, based on your financial needs and other factors.


It is important for you to apply for financial aid early and follow up with the institution to ensure you receive the maximum amount of aid possible. Overall, financial aid can make a significant difference in your ability to afford and complete your education.


F. Work while Studying.

Another way to afford your study in Canada is to work while studying. We highly recommend this method as it will help you offset the expenses on your education and eliminate the burdens of loan repayment and interest costs.

However, before applying for a job, it is very crucial for you as a newcomer to verify if you are legally allowed to work on or off campus. This verification process is vital to ensure that you do not violate the Canadian immigration laws.

While you work and study, it is very very essential for you to keep a track record of all your income sources and expenses. Doing this will help you live within your income and help you stick to your budget plan.


In conclusion, the options outlined in this article will give you a sneak peek into how to study in Canada on a budget.

Also remember that some well respected institutions in Canada offer quite affordable programs which you can still enroll for if you plan to study on a budget. Don’t forget, you must meet certain requirements before you can be enrolled to study in a Canadian university.


To know what it will take you to run a program in a Canadian university, speak with our experts agents here and let them guide you towards actualizing your dreams to study in Canada.

Leave a Reply