Studying in Europe? A Guide for Canadian Students

Are you a Canadian student eager to pursue your studies in Europe? This guide will be your starting point, leading you through the essential steps of becoming an international student and immersing yourself in one of the world's most culturally and academically diverse regions.

Studying in Europe is more than just an academic decision; it’s a chance to live on a continent rich with history, culture, and a unique blend of modern and traditional lifestyles. Each European country offers its own experience, from art-filled streets and centuries-old landmarks to cutting-edge research facilities and globally recognized universities. The opportunities are vast, with over 40 countries to choose from, each offering its academic strengths, language options, and distinctive way of life.

Whether you're drawn to the vibrant city life of places like Paris and Berlin, the innovative tech hubs of the Netherlands, or the historic campuses in Italy and the UK, Europe provides something for every interest and study focus. However, the abundance of choices can make planning challenging, and information on studying in Europe is often generic without a specific country or university in mind.

Why should Canadians consider studying in Europe?

Studying in Europe offers Canadians unmatched educational and cultural opportunities, as there are many top universities in European countries. Here’s why Europe is an exceptional choice:

Affordable places to study

Some of the most affordable destinations for Canadian students in Europe include Germany, Norway, Finland, Sweden, Poland, and the Czech Republic, with many offering free or nearly free tuition. These options allow Canadians to pursue quality education without high costs. Be sure to check exchange rates to plan your budget effectively.

Shorter degree completion time

You can find several European study programs for Canadians that require less time. Many bachelor’s programs can be completed in three years and MBAs in 12 months. Shorter programs mean lower costs overall, making Europe an ideal choice for people searching for affordable places to study. This efficiency helps Canadian students save on tuition and living expenses without compromising the quality of education.

Affordable tuition fees

Europe offers low or even free tuition, especially in countries like Germany, Denmark, and Finland. Even for non-EU students, Europe is among the cheapest places to study for quality education. Canadians can enjoy significant savings while studying in well-respected institutions, making this continent a cost-effective destination for undergraduate and graduate studies.

English-taught degrees

Europe has thousands of English-taught programs so Canadians can pursue their degrees without a language barrier. Countries like the Netherlands, Germany, and Sweden offer comprehensive programs in English. This makes it easy to study in Europe, saving you from learning a new language. This convenience makes studying in Europe accessible and comfortable for Canadian students.

Diverse, multicultural atmosphere

European universities are incredibly diverse, attracting students from around the world. This cultural variety fosters personal growth, broadens perspectives, and opens doors for networking. Canadians experience a truly global environment, with new perspectives and friendships that enrich their academic journey in one of the most vibrant regions globally.

Part-time work opportunities

International students in Europe, like Canadians, can work part-time while studying, which helps cover living costs without sacrificing study time. This setup offers an outstanding work-life balance, allowing Canadians to gain practical experience while supporting themselves. It’s a fantastic way to balance financial independence with education, especially with Europe’s student-friendly job market.

Travel and exploration

Europe’s robust public transportation and high-speed train networks make exploring the continent affordable and convenient. From historic landmarks to scenic countryside, the travel opportunities are endless. Your few year's trip to get an education in Europe will become a cultural adventure. This will allow you to explore multiple countries on a budget, broadening your horizons beyond the classroom.

How much does it cost to study in Europe?

Living costs in Europe vary widely depending on your chosen study program, country, city, and lifestyle. Generally, Europe offers many affordable study destinations, providing high-quality education while keeping expenses manageable. For Canadian students, total educational costs typically include rent, food, transportation, and leisure activities. 

Countries such as Germany, Poland, and Hungary often stand out for their lower living expenses, making them ideal choices for those seeking a cheap place to study in Europe. Moreover, many European cities are student-friendly, offering discounts on public transport, dining, and cultural events, helping students make the most of their budgets.

The average cost to study in Europe depends on the specific city and lifestyle choices, but many offer options for affordable housing, whether through university dorms or shared apartments. Student discounts and budget-conscious options in daily expenses allow Canadian students to balance their academic and personal lives without a heavy financial burden.

Choosing the right European destination—based on tuition fees and cost of living—can make studying abroad far more affordable for Canadian students. Before making the leap, it’s essential to check the latest exchange rates to understand the real cost when you convert CAD to EUR. Knowing how much your European study dream will truly cost helps you plan smarter and avoid financial surprises.

Things to consider to become an international student in Europe

There are some requirements to study in Europe for international students. If you meet the criteria, you can quickly secure admission to well-known European universities. 

1. Academic qualifications: A high school diploma or equivalent is generally required for undergraduate programs. Graduate programs will usually require a bachelor’s degree in a related field. In addition, universities may ask for academic transcripts to assess your educational background.

2. Visa and residence permit: A student visa is essential if you plan to study in Europe for over 90 days. The visa application process typically requires proof of acceptance from a European institution, proof of sufficient funds, and valid health insurance. Make sure to start this process well in advance.

3. Health insurance: Most European countries require international students to have valid health insurance during their stay. Depending on the country, you may be able to purchase local student health insurance or bring proof of international coverage from Canada.

4. Financial proof: Many countries will require proof that you can financially support yourself while studying in Europe. This may include bank statements or evidence of scholarships and financial aid. The amount needed varies depending on the country and length of your studies.

5. Additional documents: Some programs may ask for letters of recommendation, a personal statement, or other supporting documents. Specialized programs might have entrance exams or interviews, so check with your institution to understand how to fulfill study abroad program requirements.

Best places to study in Europe

Studying in Europe offers various destinations, combining top-tier education, affordability, and cultural richness. Here’s a look at some of the best places for Canadian students to consider:

1. Germany

With world-renowned universities and affordable tuition, Germany is one of Europe's best countries to study. Known for programs in engineering, business, and technology, German universities offer numerous English-taught programs, making them accessible to international students. Additionally, Germany’s strong economy provides excellent student internships and job opportunities.

2. Netherlands

The Netherlands is popular for Canadian students due to its extensive English-taught programs and high educational standards. Universities in cities like Amsterdam and Rotterdam emphasize research, creativity, and innovation. The Netherlands also has a strong international student community, making it easy for newcomers to feel welcome.

3. France

France is an ideal study-abroad destination for those interested in fields like arts, humanities, fashion, and culinary studies. Cities such as Paris and Lyon offer diverse cultural experiences, and with affordable tuition rates at public universities, France remains accessible to students on a budget. English programs are available, especially in business schools.

4. Sweden

Known for its quality education and sustainable approach to living, Sweden is a top study-abroad choice for fields like environmental studies, design, and technology. Swedish universities emphasize a balance between studies and student life, promoting a collaborative, inclusive atmosphere. Cities like Stockholm and Uppsala are hubs of cultural and academic activity.

5. Italy

Italy’s historic universities offer strong programs in fields like architecture, design, and the arts. Cities such as Rome, Florence, and Milan blend traditional and modern experiences. Many Italian universities offer affordable tuition, and the Italian culture adds depth to the student experience with its rich heritage and vibrant lifestyle.

6. Spain

Spain is a fantastic option for Canadian students seeking a dynamic, multicultural experience. With affordable tuition and a lower cost of living, Spanish cities like Madrid and Barcelona are welcoming and vibrant. Spain is particularly strong in fields like business, tourism, and humanities and offers an appealing climate and a rich social scene.

7. Norway

Norway is known for its outstanding education system, with public universities offering free tuition to all students, including international. This makes Norway highly attractive for those looking to balance quality education with affordability. Several universities in Norway are best for international students and focus on fields like environmental studies, engineering, and technology. With breathtaking natural landscapes, Norway provides Canadian students a unique blend of academic excellence and outdoor adventure.

Best European universities for Canadian students

Here are six of Europe’s best universities, offering high-quality education, diversity, and affordability for international students:

1. University of Oxford, United Kingdom

The University of Oxford is one of the world’s most prestigious institutions, known for rigorous programs across all disciplines, especially in humanities and sciences. Note that it doesn't come in the list of one of the cheapest universities in Europe for international students. However, Oxford’s academic reputation and global networks offer unmatched opportunities for Canadian students.

2. University of Cambridge, United Kingdom

Cambridge is renowned for its research excellence and offers a welcoming environment for international students. Known for its strength in sciences, arts, and business, Cambridge is a top choice for Canadians seeking world-class education with rich traditions, although tuition is higher.

3. Karolinska Institute, Sweden

Karolinska Institute in Sweden is one of the leading European medical schools for students, offering excellent programs in medicine, dentistry, and public health. Karolinska prepares students for international medical careers focusing on innovation and is known for pioneering research and a collaborative learning atmosphere.

4. Technical University of Munich, Germany

Germany’s Technical University of Munich (TUM) is recognized for its engineering, technology, and business programs. It’s one of the cheapest universities in Europe for students who are focused on affordability. Since it also offers high-quality education, it is an ideal option for Canadians seeking affordability and academic excellence.

5. University of Navarra, Spain

Located in Pamplona, Spain, the University of Navarra offers business, arts, and social sciences programs and is popular among international students. Its affordable tuition fees and focus on global perspectives make it the best option for Canadians looking for international schools in Europe that foster diverse, cross-cultural learning experiences.

6. University of Bologna, Italy

The University of Bologna, Europe’s oldest university, is renowned for its diverse programs and affordable tuition. With strong faculties in law, humanities, and social sciences, it attracts students from around the world. Canadian students benefit from Bologna’s rich cultural heritage, stunning architecture, and exceptional cuisine, all while receiving a world-class education in one of Europe’s most historic and vibrant settings.

How can Canadian students apply to European universities?

For many countries, the application process is relatively straightforward. Here’s a step-by-step guide to help Canadian students with studying in Europe:

1. Choose your European destination country based on academic offerings, lifestyle, and culture.
2. Research universities, check admission requirements and fees, and explore program options to narrow choices.
3. If possible, visit campuses to gain a first-hand experience of student life.
4. Contact your preferred universities to learn about specific application requirements and procedures.
5. Submit applications to your selected universities and follow their guidelines to secure admission.
6. Explore scholarships available in your destination country to help finance your studies.
7. Complete visa or study permit requirements specific to your country of study.
8. Plan your travel by researching international guidelines and book your accommodation and flights once admitted.

Why does the EUR/CAD exchange rate matter for Canadian students?

The EUR/CAD exchange rate is essential for Canadians studying in Europe as it directly affects tuition costs, living expenses, and other financial obligations. A weaker Canadian dollar increases the cost of tuition, accommodation, and daily living expenses, emphasizing the importance of careful budgeting. For Canadian students applying to European universities, understanding the exchange rate helps in financial planning and exploring options such as scholarships or grants. Keeping track of the EUR/CAD rate and using cost-effective money transfer services can help minimize currency exchange costs while studying at top universities in Europe.

You can also set up CAD to EUR rate alerts and receive instant notifications when the rate reaches your desired target. This allows you to lock in a favourable CAD/EUR exchange rate and save significantly whenever you send money to Europe from Canada.

Banks vs. MTFX: Which is the best payment option for students in Europe?

Choosing the right payment method is crucial when paying tuition and living expenses while studying in Europe. Let's compare banks and MTFX to help you find the best option for hassle-free and cost-effective transfers.

Banks: Traditional but costly and slow

Banks are a common choice for international payments, but they have significant drawbacks for students. High fees and hidden currency conversion charges are typical with bank transfers, which can quickly add up. Additionally, banks often offer poor exchange rates, making it expensive to send funds abroad. Processing times are slower, usually taking several days, and many banks lack a streamlined online process. This can require students to visit branches or navigate complex online forms, adding unnecessary time and inconvenience.

MTFX: Affordable, fast, and student-friendly

MTFX provides an efficient, affordable, and student-friendly online transfer service, ideal for students studying in Europe. With lower fees and highly competitive exchange rates, MTFX helps students save money on transfers. Its user-friendly online platform allows students to manage payments anytime from anywhere, providing convenience and control. Transparent pricing and fast processing ensure that funds reach European universities or accommodation providers quickly, without the delays and high costs associated with bank transfers.

For Canadian students, MTFX offers a modern, personal payment solution that streamlines international transfers, making it easier to focus on academic life without the financial stresses associated with traditional banking methods.

Tips for Canadian students in Europe

Make the most of your European experience with these essential life hacks for Canadian students.

1. Online payments are your best friend: Paying tuition fees comes with currency exchange and bank transfer challenges. Using MTFX for online payments saves you money, offering competitive CAD/EUR rates.
2. Avoid bank transfers and cash: Banks often have high fees and poor exchange rates, while cash can be risky. Use secure online transfers for convenience and lower costs.
3. Learn the local language: Immersing yourself in the culture by learning the local language enriches your experience and helps you connect better with the local community.
4. Consider student life: Choose a location that matches your personality, providing personal growth opportunities and a vibrant social life. Studying in Europe should be both enriching and enjoyable.

MTFX: Simplifying finances for Canadian students studying in Europe

With MTFX, managing finances becomes one less worry for Canadian students studying in Europe. From seamless tuition payments to cost-effective living expense transfers, MTFX provides a reliable, user-friendly solution that ensures students can focus on their studies and enjoy their European experience without financial stress. By offering competitive exchange rates, low fees, and convenient online access, MTFX empowers students to take control of their finances, saving time and money throughout their international journey.

Create your MTFX account and enjoy seamless, worldwide money transfers for all your educational needs.

FAQs

1. How do I pay tuition in EUR from Canada?

Use MTFX to convert Canadian dollars to euros and send funds directly to your European university with reliable speed and transparency.

2. What CAD to EUR exchange rates does MTFX offer?

MTFX provides real-time exchange rates with minimal markup, helping you avoid inflated bank rates.

3. Can I lock in an exchange rate for a future tuition payment?

Yes, MTFX offers forward contracts that allow you to lock in today’s exchange rate for upcoming semesters.

4. Is MTFX a better alternative to my bank for tuition transfers?

MTFX offers competitive FX rates, lower fees, and faster delivery times compared to most Canadian banks. 

5. How long does tuition transfer to Europe take with MTFX?

Most transfers are completed within 1–2 business days, which is ideal for meeting European university payment deadlines.

6. Can my parents or sponsors pay tuition on my behalf?

MTFX supports third-party transfers, allowing parents or guardians to make payments on your behalf from Canada.

7. Can I automate tuition payments to match the school term schedule?

Absolutely. You can schedule recurring transfers to align with your academic billing cycle.

8. Is MTFX a regulated and secure payment provider?

Yes, MTFX is FINTRAC-regulated in Canada and trusted by thousands of clients for global tuition transfers.

9. Can I track my tuition payment status in real time?

MTFX provides real-time tracking and digital receipts through your secure online account.

10. Can I pay my full academic year’s tuition upfront?

You can transfer a large lump sum and, if needed, lock in the current exchange rate with a forward contract.

Create your MTFX account and enjoy seamless, worldwide money transfers for all your educational needs.