Wednesday, June 14, 2017

Study Direct Stream: "Express Entry System" for International Students

Something's cooking.  Some of our Partner Schools in Canada are heading to Manila to attend an event organized by Immigration, Refugee and Citizenship Canada (IRCC).  There will be an announcement regarding the changes in processing application for International Students.
Express Entry for International Students

IRCC will be launching the Study Direct Stream in the Philippines, which is currently implemented in China. Under this system, Applicants will have to submit  Guaranteed Investment Certificate (GIC) from a participating Canadian Financial institution (i.e. Scotiabank) instead of providing proof of funds.  Meaning, the applicant has to do the following:
  1. Apply for the Scotiabank Student GIC Program
  2. Open a Scotiabank Investment Account
  3. Transfer funds to Scotiabank amounting to Cad$10,000 + Cad$200 for program fee
  4. Scotiabank to email when funds are already in the account of the applicant
  5. Applicant to apply for Study permit
  6. Once in Canada, applicant to open personal bank account
  7. Scotiabank will deposit funds to new personal bank account
If the application will be denied Scotiabank will return the Cad$10,000 investment.

International Students  who will be processed under this stream will receive the Study Visa at a very high approval rate and in less than 30 days!

More exciting times ahead for International Students!

We will keep you posted.

UPDATE: Study Direct Stream Eligibility Requirements