The average cost for a year's fee can range from $10,000 to $18,000, which in most institutions is paid on registration day. The tuition covers two semesters, which equates to eight months of academic study.

As well as tuition fees, you will also need to budget for living costs, rent, travel, course materials such as books, food, laundry, healthcare and social expenses. Remember to work these additional costs into your budget and try to be realistic.

Studying abroad can be expensive, but Canada offers the lowest tuition rates for foreign students compared to the U.K., Australia, New Zealand and the US.

This means you can pursue your studies in a globally recognized program of your choice at one of Canada's top universities for nearly half of what it would cost to attend an equally reputable program at a private U.S. university.

Student life isn't all about studying. Whether you want to head out with friends, travel to the other side of the country, or explore the many cultural events our cities have to offer, you'll need to set aside some extra spending money.

Canada offers the lowest tuition rates* for foreign students compared to the U.K., Australia, New Zealand and the US. Rates at U.S. public universities were almost 1/3 higher than fees for Bachelor's degrees in Canada, while U.S. private university fees were more than double

• Application Fees: $50 to $150 per University
• Courier Charges: Rs 1200 to Rs 1500 per University (US Universities need hard copies of your authenticated documents like transcripts, recommendation letters, etc.)
• Academic Test: Academic entrance examinations will cost you around $100 to $200 per examination, and most students take at least 2 tests. Assume that you will be spending at least $500 on tests
• Score Reporting: Test scores like GMAT, GRE, SAT, TOEFL, IELTS have to be reported by the testing agencies (like ETS), which may cost up to $ 20 per University (an average cost for reporting scores of all tests you may have taken)

Air tickets: $500 to $2000 (depending when you finish your admission process and / or book tickets)

Health / Medical Insurance: $300 to $500 per year per person

Visa Fee: $125 (may change; check the VFS Canada website for updated information)