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STUDY IN ABROAD
  Canada » Fund Required for Canada

Funds required for Canada for SPP

One Semester Tuition fees or Two semesters’ tuition Fee Payment as per the college’s requirement (From education loan or from own pocket) + GIC (Guaranteed Investment Certificate or Fixed deposit in simple words) in the amount of $ 10,000 ((From education loan or from own pocket).

Funds Required for Non SPP(GENERAL):

One Semester Tuition fees or Two semesters’ tuition Fee Payment as per the college’s requirement (From education loan or from own pocket) + Education loan in the amount of $ 10,000 or above for living expenses.

About GIC:

GIC is to be done at Kotak Mohindra Bank. This amount is to assure that the student has enough money for his/her living expenses in Canada. If the student gets Study visa, he/she gets the amount back after reaching in Canada, Dollar 2000 immediately after reaching in Canada and then Dollar 2000 every alternate month. If the student does not get visa, he/she gets the whole GIC amount refunded.
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