Canada to double cost-of-living financial requirement for international students from Jan 1: Immigration minister
The Hindu
Ottawa to double cost-of-living req. for int'l students Jan 1. India top origin country for study permit holders in 2022. Miller: financial req. not kept up w/cost of living, students arrive w/inadequate funds. Changes incl. 20,635$ req., yearly LICO adjustment, 30hr/wk work limit. Miller: gov't to limit visas to ensure student support, housing.
Canada will more than double the cost-of-living financial requirement for incoming international students beginning January 1, Immigration Minister Marc Miller has announced, a move that will impact the arrival of foreign students into the country, including from India.
Starting next year, prospective students will need to show they have access to 20,635 dollars instead of the 10,000-dollar requirement that has been in place for two decades, in addition to paying travel and tuition. The amount will be adjusted yearly based on a Statistics Canada benchmark for living costs.
India was the first among the top ten origin countries of study permit holders in 2022 in Canada, with a total of 3,19,000 students.
Mr. Miller said the financial requirement has not kept up with the cost of living over time, resulting in students arriving in Canada only to learn that their funds aren’t adequate.
This change will apply to new study permit applications received on or after January 1, 2024.
According to the global education search platform Erudera, the total number of international students in all education levels in Canada is 8,07,750, including higher education. Of this, 5,51,405 received a study permit in Canada last year.
"Moving to a more accurate cost of living level that helps international students arrive with necessary resources to live and study in Canada, future increases will be tied to the low-income cut-off Statistics Canada announces every year," CTV News quoted Mr. Miller as saying.
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