Sufficient Funds

[Koishii]

I spoke to an immigration lawyer a few months back, and I asked her about the possible ways to immigrate to Canada. One of them, get married. The other, get a student visa. So I am considering the student visa route, seeing as I wish to further my education anyway. The main issue is having to prove I hold 'sufficient funds'. What does this mean exactly? Just enough to pay tuition? Or is there more? Also, if I were to apply for a school loan... would that not count as sufficient funds? Because otherwise, I do not currently have nearly enough money on my own.

 

[matt84]

tuition fee for your first two semesters plus CAD 10,000 for living expenses plus return transportation.

no idea about student loans, sorry.

 

[PMM]

Hi

tuition fee for your first two semesters plus CAD 10,000 for living expenses plus return transportation.

no idea about student loans, sorry.

You have to be a PR or Citizen for student loans in Canada.

PMM

 

[Koishii]

What is a PR?

Hi

You have to be a PR or Citizen for student loans in Canada.

PMM

 

[ramanbeedh]

Permanent resident

 

[Koishii]

What is the difference between a permanent resident and a citizen?

 

[Koishii]

Also, would I be able to get a bank loan and use that as sufficient funds?

 

[Karlshammar]

A Permanent Resident is a permanent immigrant who has not yet become a citizen. They have most of the rights of citizens. The main differences are that they cannot vote, can't hold certain jobs, and will lose their status if they stay outside of Canada far too long.

You can take a bank loan to support your studies, though it would have to be through your home country, because Canadian banks are extremely unlikely to lend you the money.