Bachelor's Degree

In calculating your budget, always check with a currency convertor to see the latest exchange rates. These change daily.

As a rough guide, if you are a high school graduate, the budget would be as follows for four year degree or two to three year diploma. The following amounts are in Canadian Dollars (CAD):

Annual tuition fees: For most Bachelor degrees and diplomas of CUAC institutions, annual tuition is from $15,000 - $20,000 (includes health insurance, and student activity fees). A few programs are in the $24,000 range.

Monthly living costs: $500 - $1,200 (depending upon you living on or off-campus. Costs are for accommodation, food, phone, etc.)

Other annual expenses: $3,000 - $5,000 (books, entertainment, laundry, transport)

Scholarships: Entrance awards are granted to excellent students who are recent high school graduates. These amounts range from $500 one time grants to renewable awards of $5,000 each, for four years for a total of $20,000. A few special awards for remarkable individuals can be up to $35,000. 


Master's Degree

As a rough guide, the budget would be as follows for a one or two-year Master degree or one-year Post-Graduate diploma or certificate. The following amounts are in Canadian Dollars (CAD): 

Each year of tuition: $18,000 - $42,000 (includes health insurance, and student activity fees)

Monthly living costs: $500 - $1,200 (depending upon you living on or off-campus. Costs are for accommodation, food, phone, etc.)

Other expenses: $3,000 - $5,000 (books, entertainment, laundry, transport)

Scholarships: There are a few scholarships for these Master degrees in Canada. If individuals have 600+ GMAT scores for the MBA, it is possible to be awarded a few thousand dollars. There are also good internship/working opportunities with some of the Master degree programs- some while studying and some after graduation.