Brief by Shorts91 Newsdesk / 11:47am on 12 Dec 2023,Tuesday Education
Canada has doubled the minimum financial requirement for international students to acquire a study permit, from CAD 10,000 to CAD 20,635. This will significantly increase costs for Indians who comprise a large chunk of Canada's international students. Students will now need over Rs 12 lakh in their accounts, up from Rs 6 lakh earlier. This reflects Canada's rising living costs which the earlier requirement failed to capture. Many Indian students may find it difficult to sustain themselves on the higher amount due to high rents and limited job vacancies. The last-minute announcement leaves students scrambling and may compel some to explore alternatives destinations.
