It is important to manage your budget and plan your finances while you are living and studying in Vancouver. Click here to find out how to pay your fees to Langara.
After you arrive in Canada you will want to open a bank account. Banks are located in all urban centres – choose a branch that is near your home or near Langara.
To open a bank account you will need:
- Langara Student Identification
- Letter of Acceptance from Langara or other documents to confirm you are a current student
Most banks will offer student plans – ask about these plans and understand all fees associated with your new account.
You will be issued a debit card with your new bank account. Debit cards are a common form of payment in Canada and allow you to withdraw from your account without carrying cash.
You may be offered a credit card from the bank. Understand when your bills are due and how you will be charged interested. If payment is not made in full every month you will be charged interest.
You may be offered a chequing account. Cheques are not a common form of payment at stores but it might be convenient for rent or other service payments.
There are a number of large banks and financial institutions in Vancouver, including:
- Royal Bank of Canada
- TD Canada Trust
- Canadian Imperial Bank of Commerce (CIBC)
- HSBC Bank
- Bank of Montreal
Some international banks have branches in Vancouver. Ask your current bank before travelling to Canada.
Banks have their own bank machines (ATM) around the city and a bank machine from the same bank as your account will be the least expensive way to withdraw money from your account. You can use your debit card to withdraw money from all ATM machines but will be charged a fee from your own bank and from the bank that owns the machine. Understand these fees. Banks typically list their bank machine locations on the website.
Most bills can be paid online through your bank. Understand how to use this service and set up a new payee when you set up your account.
Langara has some of the most reasonable tuition fees in British Columbia. Most student fees include the U-Pass Compass Card for accessing public transit and a comprehensive health and dental plan at reduced rates. International students are expected to have proof of funds to cover expenses while studying in Canada. Students can’t rely on part-time employment to cover essential costs of living.
|Estmated living costs with homestay||Cost|
|Tuition (10 courses / 30 credits)||$16,950|
|Student fees (includes extended health and dental, and U-Pass)||$587|
|Books and supplies||$1,500|
|Medical plan coverage||$1,108|
|Homestay fee* ($800/month, plus placement fee)||$10,000|
|Entertainment and recreation||$1,200|
|Total estimated living costs||$32,345|
*Off-campus rental costs will vary, depending on the size of unit, location, and number of roommates. Food budgets will also vary. Homestay placements include meals.
Working in Canada
Students who are interested in working part-time while studying at Langara can get information about off-campus work permits and Social Insurance Numbers on the Current Student page.
Financial Aid & Scholarships
Students should be prepared to meet the majority of their financial needs prior to arriving in Canada. Students who require financial support should arrange financial assistance through institutions in their home country before coming to Canada. Scholarships and awards recognize students for their outstanding achievements. Scholarship applications and eligibility criteria are available on the Financial Aid page.