Everything to Know About Send Money to Colleges in Us or Canada And Tips to Save Money While Studying

Aug 18, 2023    0

Everything to Know About Send Money to Colleges in Us or Canada And Procedures

Send Money to Colleges in Us or Canada typically involves paying tuition fees, accommodation fees, or other educational expenses. Here's everything you need to know about the procedures and options for sending money to colleges in the US or Canada:

Tuition Payment Methods:

Most colleges offer multiple payment methods to accommodate international students. These may include bank wire transfers, online payment portals, credit/debit cards, or international payment processors. It's important to check with the specific college to understand the accepted payment methods and any associated fees.

Currency Exchange:

If you're sending money from a foreign currency, you'll need to convert it into US dollars (for US colleges) or Canadian dollars (for Canadian colleges). Currency exchange can be done through banks, foreign exchange providers, or online platforms. Compare exchange rates and fees to ensure you get the best deal.


Payment Deadlines:

Colleges usually have specific payment deadlines for tuition and other fees. It's crucial to be aware of these deadlines to avoid late payment penalties or enrolment issues. Plan your transfer in advance to allow sufficient time for processing.

International Bank Transfers:

Bank wire transfers are a common method for sending large sums of money to colleges. Book now our top services International Currency Transfer

Online Payment Portals:

Some colleges provide online payment portals that allow you to make tuition payments electronically. These portals may accept credit/debit cards or offer alternative payment options like PayPal or international payment processors. Check with the college to see if this option is available.

International Money Transfer Services:

There are specialized money transfer services that cater specifically to international students and offer competitive rates and lower fees compared to traditional banks. Examples include Transfer Wise, Western Union, or OFX. Research and compare different services to find the most suitable one for your needs.


Want to live a comfortable student life in Canada?

Well, that one is certainly expensive. Student life is filled with costs for tuition, textbooks, stay, food, healthcare, socializing etc. Graduating from Canada students end up in debt and there are ways you can reduce this.

Below we have compiled a list of ideas that you can adapt, to live a cost-effective yet comfortable student life. Read on to find out.

Apply for Scholarships: 

Scholarships are your best chance to cut your expenses. The good news is there are many scholarships available for international students. Besides, several school-based scholarships are open to every student. One can find opportunities for mid-career students, part-time students, students from particular geographical areas etc. Through scholarships, you can redeem money for transport, tuition, living expenses, tech needs, etc. 

Check your universities website and apply for every single scholarship you are eligible for even if you just have a 1% chance of winning.

Student Banking Plans: 

All of the top 5 banks of Canada provide effective student banking options that you can make the most of. With these plans, you can save some costs every month. That might not seem a lot but please note that even a little comes a long way.  


Leverage Student Discounts (With Your ID): 

These two magic words can save you some bucks wherever you go - Student Discount. Be it having dinner, catching a movie, buying electronics, or traveling, you can save up to 15% everywhere you go. Don’t hesitate to ask. Few places that do not advertise discounts also give students a break.

Spend the Evening in: 

A glamorous night out might seem fun but it isn’t always the best option when it is followed by stress about making money for rent. Spending evenings indoors can be equally fun (think of a high school party) and most importantly economical. It will help you save a good amount and save you from needless worries.

Stick to a Budget: 

While this might seem obvious, many students won’t do it. Setting a monthly budget is essential. While you won’t always meet the set target, you would be conscious of your spending habits and can curb your expenses accordingly.

Use Public Transport: 

Using public transport is a healthy way to save money (for you and the environment). You must steer clear of cabs and your vehicles. Public transport is cheaper than all means of transport! Also, student transport passes might always provide student discounts so make sure you check for that.

Living in a foreign country, dealing with a new currency and bank can make managing money difficult. In such cases, prior research can be of great help. The aforementioned tips can come a long way. It will make you worry less about your accounts.

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