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Paying Canada University Fees Things You Need to Know

by Rajeev Kumar
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canada university fees

When it comes to studying abroad, Canada is one of the worldтАЩs most popular destinations. Students from all over the world visit the country for higher studies, offering a diverse variety of experiences and opportunities in the future. Canada is celebrated for its vast expanses, multicultural cities, and natural beauty.

If you are looking forward to sending your child to Canada for further studies, the good news is that tuition fees are generally less expensive. This is as compared to other major Anglophone destinations such as the United States, United Kingdom and Australia.

Did you know, the Council of Ministers of Education, Canada (CMEC) offers a highly useful online tool that facilitates prospective international students to get a super quick calculation of expenses for studying at different universities in Canada? The tool also provides detailed guidance on the documents students must apply for admission into a specific university.

Student jobs in Canada

If you wish to pay for your education, you can get a part-time job to help support yourself while studying. It is possible to work on or off-campus in Canada for up to 20 hours during university semesters. During breaks, students are allowed to work full-time without a work permit.

You can Qualify under the following conditions:

– Own a valid study permit

– A full-time student

– Enrolled at a designated learning institution at the post-secondary level

– Studying in an academic, vocational or professional training program that leads to a degree, diploma or certificate (6 months in duration)

– A Social Insurance Number (SIN) from Service Canada to work in Canada

What Next?

Sending kids abroad to study can be an exciting as well as anxious moment. The major concern after the safety and comfort of the child is the process to pay for tuition. This can feel a little complicated and expensive (in most cases).

Unfortunately, the tuition payments do not cover other expenses for your child. These days, one can choose from multiple payment options such as Forex cards, banks, private financial providers, wire transfers with banks, and money transfer providers.

The idea is to choose a service that offers the best deal in terms of exchange fee and reliability. Here is what you should look for in a service provider to ensure the best service:

Reputation

Look into the reputation of service before you make the final decision. Research well online about the service, the number of years it has been in service and read about the services offered. Look for reviews and testimonials from clients. This will help you know how they have fared with clients in the past. Speak to friends and acquaintances who have used their services in the past.

Cost of transfer

This is the major concern among parents who wish to pay fees for abroad universities from India. Most of the time, the cost of a transfer can burn a hole in the pocket especially if it is charged regularly. The charges depend on transfer modes. For instance, banks and many private financial institutions tend to charge exorbitantly. They may charge it as a transfer fee, or service fee. The actual amount may vary from one provider to another. Additionally, you require a spending exchange rate.

In most cases, the providers will show weaker exchange rates as compared to the real. This helps them sneak in a fee for each rupee you convert. The difference goes straight into their pocket as profit.

Hence, it is important to have a close look at the exchange rate and compare it with what Google shows. Read the fine print and do your research well. Go for a service provider that genuinely offers the cheapest and most reliable deals.

Transfer Speed

This is crucial while choosing a money transfer service. Sometimes, you need the money to get to the destination really fast. Decent transfer speed will really help during emergency situations and even meeting regular tuition payment deadlines. Good money remitting service will initiate and complete the process within a matter of minutes.

Accessibility

Is the service provider accessible easily? This is very important when making global money transfers. The provider should be able to talk to you, chat with you, respond to messages, and mail you without delay.

Convenience

Is your money transfer service provider ready to offer service in your preferred way? For instance, if you prefer digital experience ensuring money transfer at a touch of a button, make sure that your provider offers an easy-to-navigate app or a website for the same. Convenience also indicates a choice of currencies and usage. If your child is into a lot of traveling for study, job or as a hobby, you can save yourself a good amount of money by choosing a reputed remitting service to pay Canada University fees.

Reliability

When it comes to the education of your child, you would want to ensure your payments are completed and received in a timely manner. This is where reliability comes in. It is crucial to choose a provider that you can trust completely with the money. They should be true to word in terms of punctuality and charges. The service provider should practice transparency. You should research well online prior to making the final decision.

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