What kind of support will I receive for studying after obtaining Canadian permanent residency?
Comparing attending college and university before and after obtaining PR, people will see that going to college after getting PR is much more advantageous.
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Firstly, the tuition fees will be "local" fees, which are only half or one-third of the fees charged to international students.
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Secondly, in provinces where you have to purchase private student health insurance, such as Ontario, you don't have to pay for this separately.
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Third, and very importantly, you can receive financial aid for your studies from the Federal and Provincial governments. This includes GRANT (non-refundable) and LOAN (paid back gradually after graduation). These amounts are estimated and cover tuition, books and learning materials, living expenses, and childcare if you have young children.
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Additionally, you can also receive a tax credit if you keep your tuition receipts and show them to your accountant.
How much is that estimated to be? You can use the tool I've compiled in this link. https://keyapply.com/pages/student-aid-estimator To calculate it for testing purposes, it will include a federal and a provincial calculator. Students will receive both amounts simultaneously while attending college and university programs.
For example, a recent immigrant student with no income and two young children who wants to attend college in Ontario would receive an estimated non-refundable grant of $30,400 for a one-year program and a loan of $12,600. This totals $43,000 per year. Meanwhile, the estimated tuition fee is only $10,000.
With this amount of money, going to school will be less of a headache, right?
If you wish to immigrate to Canada, consider the Start-Up Visa, the only federally funded start-up program that allows direct permanent residency (PR) application without prior education or work permit requirements. With a Start-Up Visa, you can live in major provinces and cities. Please contact our company offices. https://keyapply.com.
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