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Canada Sees Nearly 50% Decline in Study Permit Approvals in 2024 | Canada Student Visa


September 12th, 2024 at 06:37 am

Canada Sees Nearly 50% Decline in Study Permit Approvals in 2024 | Canada Student Visa

In 2024, Canada is predicted to provide 231,000 study permits to foreign students, a considerable drop from 2023. Particularly for Indian students, the new visa laws and financial criteria are posing problems.

Federal policies in Canada have had a big influence on how many foreign students apply for study visas in 2024. International students hoping to study in Canada have suffered a great lot as a result of the predicted reduction of about 50% in study visa approvals.

The Canadian government’s tougher immigration laws and higher financial requirements are directly to blame for this sharp decline.

Significant Drop in Study Permit Approvals

Approximately 231,000 study permits for international students are anticipated to be approved by Canada in 2024, which is almost half of the 436,000 permits that it approved in 2023. With this significant drop, approval numbers have returned to what they were in 2018 and 2019. Recent federal policies in Canada aimed at limiting the number of international students studying there are mostly to blame for the decline in study permits.

Difficulties for Students from India

There are fewer study permits available, which will present significant obstacles for Indian students who wish to study in Canada. Approvals for Indian students fell by half in the first half of 2024 as compared to the prior year. Many students might need to reevaluate their plans or look into alternative study locations if this trend keeps up.

Modifications to the Financial and Immigration Policies

The Canadian government implemented additional financial restrictions for foreign students seeking study visas in December 2023. Students now need to show proof of money totaling at least 20,635 CAD, which is double the amount that was required previously—10,000 CAD—and has been for more than 20 years.

The goal of this adjustment is to handle the increasing number of international students while also reflecting the growing expense of living in Canada. Canada announced a ceiling on the increase in the number of overseas students for the next two years, in addition to the higher financial requirements.

In January 2024, Immigration Minister Marc Miller announced the cap on study visas, projecting a 35% decrease in the number of students enrolled in comparison to 2023.

Global Drop in Applications for Study Permits

The Canadian government expects a more widespread drop in international study permit applications. They anticipate issuing 39% fewer permits by the end of 2024 compared to 2023. This decline is directly related to Canada’s more stringent immigration laws and higher tuition costs for foreign students.

Indian Students’ Economic Contribution

A sizeable fraction of Canada’s international student body is made up of Indian students. Of the 5.5 lakh international students studying in Canada in 2022, 2.26 lakh were from India. In addition to paying tuition, a large number of Indian students also support the Canadian economy by taking on various gig economy jobs while they are in school.

Despite their contributions, it is anticipated that the current immigration changes will result in a major decrease in their numbers in the upcoming year.

Effect on Applications for Postgraduate Studies

Even though master’s and doctorate programs are exempt from the government cap, they have seen a noticeable decrease in applicants. These changes also affect postgraduate programs. January through June of 2024 saw the approval of just 114,000 study permits. When compared to the same time last year, this is a 48% drop.

There were 54% fewer applications processed in April and June of 2024 compared to the same period the year before.

Rivalry with Other Locations

Many prospective students are looking into alternate study places, including the United States, Germany, and France because Canada seems to be less inviting to international students. Students who are rethinking their plans to study in Canada are finding these countries to be more alluring due to the harsher immigration laws and higher tuition costs.

Government’s Goal Might Not Be Met

The Canadian government plans to issue 364,000 study permits by 2024, however, preliminary data indicates that yearly deductions for permit extensions may cause this number to be less than that. 364,000 authorized study permits were the goal for 2024, with a 606,000 application ceiling. Early signs point to the possibility that the goal won’t be reached.

Every year, about 20% of students request extensions for their study permits. This may result in the initial objective being lowered by about 97,000 permits. The 364,000 visas that have been amended as the goal is still far less than the 485,000 new international students that were first scheduled to enroll in 2024.

Uncertain Approval Process for Study Permits

An Immigration, Refugees and Citizenship Canada (IRCC) spokeswoman stated that although applications and approvals have decreased dramatically in the first half of the year, it is still too early to determine the complete effect of the cap on the volume of study permits.

The summer and early fall are usually the busiest times for obtaining study permits, which may have an impact on the year’s total.

Conclusion

The reduction in study permits for 2024 brings to light the difficulties faced by foreign students, particularly those from India. Prospective students need to remain educated and consider their alternatives in light of the tighter financial criteria and cap on the number of students.

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