Canada is considered to be the educational hub of the world as it houses some of the best universities and colleges in the world. Every year, thousands of international students apply to various universities and colleges in Canada. Quality education at affordable rates is what differentiates the universities and colleges in Canada from the rest of the world. To make this possible, Canada spends about 5.3% of its GDP on education. The country invests heavily in tertiary education (more than 20 000 USD per student).