Canadian authorities, led by Marc Miller, the Minister of Immigration, Refugees, and Citizenship, have disclosed an increase in the “cost-of-living financial requirement for study permit applicants” for international students. Effective January 1, 2024, the requirement will elevate from $10,000 to $20,000. The announcement aims to ensure that international students are adequately financially prepared for life in Canada.<\/p>\n
According to the statement, beginning in 2024, a single applicant must demonstrate possession of $20,635, equivalent to 75% of the Low-Income Cut-Off (LICO), in addition to covering their first-year tuition and travel costs. This change applies to new study permit applications received on or after January 1, 2024.<\/p>\n
Notably, this adjustment breaks a trend that persisted for nearly two decades, where the financial requirement for study permit applicants remained fixed at $10,000. The statement underscores that this revision is intended to prevent student vulnerability and exploitation.<\/p>\n
This development follows closely on the heels of the United Kingdom implementing stricter visa rules, particularly affecting Nigerians and others seeking visas. Home Secretary James Cleverly unveiled changes in the House of Commons, including setting a minimum annual salary for foreign workers eligible for a skilled worker visa at \u00a338,700, up from \u00a326,200. This figure surpasses the current median average salary of a full-time worker in Britain.<\/p>\n","protected":false},"excerpt":{"rendered":"
Canadian authorities, led by Marc Miller, the Minister of Immigration, Refugees, and Citizenship, have disclosed an increase in the “cost-of-living financial requirement for study permit applicants” for international students. Effective January 1, 2024, the requirement will elevate from $10,000 to $20,000. The announcement aims to ensure that international students are adequately financially prepared for life […]<\/p>\n","protected":false},"author":14,"featured_media":9915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-9914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/9914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=9914"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/9914\/revisions"}],"predecessor-version":[{"id":9931,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/9914\/revisions\/9931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/9915"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=9914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=9914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=9914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}