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Magadh Today > Latest News > Global > Canada Set To Double Financial Criteria For Student Permit
GlobalEducation/job/carrier

Canada Set To Double Financial Criteria For Student Permit

Gulshan Kumar
Last updated: 2023/12/08 at 1:55 PM
By Gulshan Kumar 2 years ago
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Ottawa,  In a significant development, Canada’s Immigration Minister, Marc Miller, unveiled a comprehensive plan to enhance the financial criteria for international students seeking study permits. The primary objective behind this initiative is to uphold the integrity of the Canadian education system, ensuring a high standard of quality and authenticity.

The financial threshold for prospective international students is set to undergo a substantial increase, doubling from the longstanding USD 10,000 to USD 20,635. This adjustment aims to guarantee that international students possess adequate funds to cover not only tuition fees but also living costs and travel expenses. The revised amount will be subject to annual adjustments based on benchmarks for living costs provided by Statistics Canada.

Moreover, Minister Miller issued a stern warning, signaling a potential imposition of visa limitations if provinces and educational institutions fail to implement appropriate measures. The federal government emphasizes the need for proactive actions before the upcoming fall term to maintain the credibility and reputation of Canada’s education system.

As part of these measures, the temporary lift on the 20-hour work limit for international students has been extended until April 30, 2024. This extension recognizes the ongoing challenges faced by international students and seeks to address potential abuses within the system.

During a news conference, Minister Miller expressed specific concerns about certain educational institutions operating as what he termed “puppy mills.” These establishments are perceived as churning out diplomas without providing a genuine and legitimate student experience. Minister Miller emphasized the government’s commitment to eradicating fraud and abuse within the education system.

The heightened financial requirements align with the broader goal of ensuring that learning institutions responsibly manage the number of international students they accept. This includes providing suitable housing or assisting students in finding off-campus accommodation. Minister Miller stressed the expectation that learning institutions only admit a number of international students that they can adequately support.

Furthermore, Minister Miller underscored the importance of collaborative efforts with provinces, urging them to take proactive measures to regulate designated learning institutions. He acknowledged the availability of various tools for provinces to enforce regulations, including the potential closure of institutions failing to meet necessary standards.

In conclusion, these measures are intended to address concerns about potential vulnerabilities and exploitation of international students, emphasizing the Canadian government’s commitment to maintaining the highest standards of education and student well-being.

 

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