The recent decision of the Canadian government related to the cancellation of SDS Visa has created havoc none like other, worrying students all over India. Most of the students who are depending upon the 20-30 days visa approval process were almost shattered in hope.
However, the new process didn’t come empty handed but with its own merits and perks.
Benefits of the new normal visa process
With the new normal visa process, Indian students can enjoy the benefits just like a student from a developed country. Financial and Documentation has lessened the grip to soothe the students and the process.
For example, earlier the students had to put a large sum of money in a blocked Canadian bank account for their living expenses. Accumulating this sum by financing it personally was difficult. Now it has been a boon to the students who depend upon study loans.
Also, the students had to pay the whole first year fees upfront before starting their visa application. Here instead the new change is also going to benefit every student.
Changes to GIC payments
According to the new GIC payments, students can opt to keep their own money in their own accounts just like show money for the visa purpose. They don’t even have to send the money.
They can also load up into any of the international travel cards from banks or exchanges like uni money to show the proof for GIC equivalent.
Also, the student can show proof for the stocks or shares or mutual funds they have instead of direct cash deposit in their accounts.
Apart from this, the student can directly apply for a visa with their loan sanction letter, if they are going for education by taking an educational loan from a bank. Which means, they don’t have to pay the Canadian bank or have to keep money in their own bank account in india, rather they can get the money from the loan in due time.
Changes to Tution fees
Earlier the tuition fees had to be paid upfront on a yearly basis. Which means, the student has to make an advance payment of a whole year in order for their visa to process.
Now, instead of an year, the student only have to pay, their first semester fees. This halves the financial difficulty every student will face.