Tentative Expenses Schedule

Country - Canada Canada

Currency - Canadian Dollar CAD
Exchange Rate 55

In Canadian $ In INR Sources

Funds to be Shown
Education Loan
1) Fees 12500 687500 -> With Mortgage

-> Without Mortgage (only available for certain engineering

Duration 1 1 - masters programmes in the US)
Total 12500 687500 -> Against Fixed Deposits

Sponsorship (Parents / Grand Parents /Siblings / First

Blood Relation - Paternal/Maternal uncles and aunts),
2) Living Expense 10000 550000 Secondary Sponsor - Distant Relatives (if relationship
can be proven)
Duration 1 1 -> Savings Account
Total 10000 550000 -> Fixed Deposits
-> Mutual Funds

3) Miscellaneous (Insurance, Tickets, Medical, Visa Fee 101900 -> Share Values / Certificates
etc)
IELTS / TOEFL Examination Fees 10400 -> KVP/NSC / POS / MIS
Medical 3000 -> PF/PPF/GPF/EPF
Visa Application Fees 8000
Insurance Fees 0 0
Air Tickets 58000
Application Fees (if applying to 3 universities) 300 16500
Courier Charges (If applying to 3 universities) 6000
GRE / GMAT / SAT 0 0

Total (1+2+3) Funds to be shown 22500 1339400

 Actual Expense
In Canadian $ In INR Scope for reduction in Fees
4) Fees 12500 687500 -> Scholarships / Bursaries - Part / Full
Duration 1 1 -> Discounts
Total 12500 687500

5) Living Expense 7000 385000 Sources for meeting Living Expenses

-> Earnings from part time and full time job while studying
Duration 1 1 (as permitted locally)
Total 7000 385000

6) Miscellaneous 1852.727272727 101900

7) Total (4+5+6) Actual Expense 21352.72727273 1174400

Tentative Earnings while Studying

Years 1
Exchange Rate 55
Minimum Wages paid in the country (In Canadian $) on 10.5 Canadian Dollars
hourly basis
Hourly earning in INR 577.5 INR
For 8 months students can work part time - 20 hours per week
Total hours allowed to work while studying (8 months x 688 Hours
4.3 weeks x 20 hours)

8) Earning while studying (min wages x total number of 397320 INR

hours worked x exchange rate)
For 4 months students are allowed to work full time ie 40 hours per week
Total hours allowed to work when university is closed (4 688 Hours
months x 4.3 weeks x 40 hours)

Earning when university is closed for vacation (min

9) wages x total no. of hours worked x exchange rate) 397320 INR
10) Total Earnings while studying (Part time earnings + Full 794640 INR
time Earnings (8+9))

Effective Expenditure (Total Earnings - Actual

Expense) ie 7-10 379760 INR