IMPACTS OF CANADA’S RECESSION ON INTERNATIONAL STUDENTS

by Simple Stylish Life Simple Stylish Life

Here are the main ways how the Canadian recession in 2023 impacted the life of international students in Canada and the economic growth of the country:

Less enrollment of international students: International students are terrified to come to Canada. The reason is fewer jobs, which makes them financially unstable in Canada. For example, if you are enrolled in a two-year graduate course at any university, your tuition fees for one semester would be nearly 10000 CAD. If you do not have any jobs here, even with the minimum wage, how will you pay it in the future? It already costs you 22 to 25 lakhs INR to come here. That is why they are not trying to get any enrollment here.
Have to face Financial challenges: Just in case international students get themselves enrolled in any Canadian college, the subsequent fear of them is the financial challenges they must face here in terms of collecting their tuition fees for the future. Due to recession and inflation, there may be a hike in their tuition fees, making their fear real. Inflation will cause a rise in living expenses. They can go for some scholarships and funding, but it also has limited seats and chances.
A decline in Mental Health: The recession also impacts international students psychologically. Fewer jobs and no way of earning cause stress and anxiety in their life. It results in declining mental health. No doubt, the Canadian government offers many benefits for the students, but the homesickness and fear of missing out cannot be replaced.
Effect on the Post-graduation plans: Some international students came here to complete graduation. These students are not able to find proper employment after graduation. That is why they need to enroll in post-graduation, which is more demanding in terms of paying tuition fees. Because of reduced jobs during the recession, they cannot get a job in their field. So, they fear enrolling in any post-graduation and staying attached to the general labor or returning to their home countries.
Government policies to reduce the recession impact: Canadian government is a monarchy government. They decide everything under the authority of the Canadian people. That is why they are always ready to help international students also. They help them by setting a minimum wage so they are not being exploited. Some rules and regulations forbade owners from doing any illegality with the students.

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