Understanding GICs

Your guide to guaranteed investment certificates
Understanding GICs
A guide to guaranteed investment certificates

  • Create a realistic high-resolution photo that reflects the theme of "Understanding the GIC: A Key to Studying Abroad." The composition should be simple and clear, featuring a single subject: a diverse group of international students gathered around a modern study table. The primary focus of the image will be a female student, of Asian descent, deeply engaged in studying her laptop, with a dedicated look on her face. Alongside her, there’s an open textbook with highlighted passages, a notebook filled with
    Understanding the GIC: A key to studying abroad
    October 30, 2025 at 1:29 PM
    In this blog post, we delve into the essential aspects of the Guaranteed Investment Certificate (GIC) that every international student should understand before embarking on their study abroad journey. We highlight the significance of GICs as a key financial requirement that unlocks opportunities for students wishing to pursue their educational dreams internationally. Additionally, we explore how securing a GIC enhances the overall study experience, providing a safety net that allows aspiring international students to focus on their academic pursuits without financial stress. If you're looking to navigate the path to studying abroad smoothly, this comprehensive guide is your go-to resource!
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Understanding guaranteed investment certificates

  • Understanding GIC for students
    Understanding GIC for students
    A Guaranteed Investment Certificate (GIC) is a secure investment product designed to help international students manage their finances in Canada. This resource explains how GICs work, their benefits, and how they support students in meeting visa requirements, ensuring a smooth transition to life in Canada. Gain insights on choosing the right GIC provider and what to expect during the investment process. Perfect for students planning to study in Canada, this guide simplifies complex financial concepts to help you make informed decisions for your educational journey.
  • Step-by-step guide to GIC application
    Step-by-step guide to GIC application
    Navigating the GIC application process can be daunting for international students. This resource offers a step-by-step guide on how to apply for a Guaranteed Investment Certificate. It covers all essential aspects, including documentation requirements, online application procedures, and tips for a successful submission. With clear instructions and practical advice, this guide helps students streamline their application process and avoid common pitfalls. Ideal for those who want to ensure they meet all requirements efficiently and effectively, making the move to Canada less stressful and more manageable.
  • Common GIC misconceptions
    Common GIC misconceptions
    Many international students hold misconceptions about Guaranteed Investment Certificates (GICs) that can lead to confusion and errors in their financial planning. This resource debunks common myths surrounding GICs, clarifying their purpose, restrictions, and benefits. By understanding the truth behind these misconceptions, students can make informed decisions regarding their financial investments while studying abroad. This guide aims to empower students with knowledge, allowing them to maximize their financial resources effectively and ensure compliance with visa requirements. Perfect for students looking to demystify GICs before their educational journey.
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2026 Admission and Intakes from great institutions from Canada and UK Plus Scholarships Updates

Laurentian University offers the International Excellence Scholarships to reward outstanding academic achievement for international undergraduate students enrolled in open enrolment programs. These scholarships provide significant financial support based on equivalency-adjusted GPA calculated using World Education Service tables. Scholarship Value and Renewal Students with an average between 80% and 89.9% are eligible for up to $40,000 total, awarded as $10,000 in the first year, renewable for up to three years or until graduation if the average is maintained. Students with an average between 90% and 100% can receive up to $60,000 total, awarded as $15,000 in the first year, renewable under the same conditions. To maintain the scholarship at the same value, students must keep an average above 80% (GPA 7.5) or 90% (GPA 9.5) in subsequent years. If the average drops but remains above 80%, the scholarship amount will be recalculated accordingly. Scholarships are renewable for a maximum of three years or until graduation, whichever comes first. Eligibility Criteria Open enrolment undergraduate international students only. Must be registered full-time (minimum 24 credits from September to April) and pay international tuition fees at Laurentian University. Must maintain a minimum average of 80% (GPA 7.5) to remain eligible. Must be on the Dean's Honors List. Students starting in January must register for at least 12 credits that term; scholarship payments will be prorated per credit. Students with a prior degree or those 60 years or older receiving a tuition exemption waiver are not eligible. Disbursement and Renewal Regulations Scholarship amounts are confirmed upon final marks; mid-term grades are used for preliminary placement. Students must complete 30 credits in the academic year (May to April), with at least 24 credits during the Fall/Winter terms, to qualify for renewal. Scholarship payments are made in two installments: October and January. Scholarships may be reduced or canceled if students withdraw, drop below full-time status, or have an outstanding balance on their student account. If a student’s average exceeds 90% after initially qualifying with an 80% average, the renewal amount remains at the $10,000 level. Important Notes The academic year for scholarship purposes runs from May 1 to April 30. Scholarship decisions are made annually in June based on the previous academic year’s performance. The average calculation for scholarship purposes is not rounded up. For students starting in January, the final year’s scholarship amount will be adjusted based on the initial semester’s payment. This scholarship is an excellent opportunity for international students seeking financial support based on academic excellence at Laurentian University. Prospective applicants should ensure they meet the eligibility criteria and maintain strong academic performance to maximize their scholarship benefits. Apply now to take advantage of this rewarding scholarship program. Eligible nationalities All nationalities