Higher funds required for international students to study in Canada is stopping Indian students

The changes made in the minimum financial requirement to study in Canada that have been implemented on 1st January, 2024 onwards is causing a problem among Indian students. Students are required to show C$20,635 in their bank account as the minimum financial requirement. Also, in case there is a family member accompanying the student, then the minimum financial requirement is increased accordingly.

Now that the minimum financial requirement has been increased, Indian students are doubtful about studying in Canada. Also, it is a fact known that international students in Canada are struggling to find part-time jobs. Due to excess immigration in Canada, there is a higher competition among students for part-time and unskilled jobs. All these factors are making Canada a less  promising destination for Indian students.