Student Loans for International Students in Canada
MPOWER Financing provides international student loans without cosigners, collateral, or credit history to global citizens from 190+ countries pursuing degrees in any academic field
Borrowing without borders
MPOWER loans can be used for past, current, and future semesters, and may cover student-related expenses including tuition, housing, food, insurance, and books.
Still not convinced? We invite you to scroll down!
“How MPOWER eMPOWERed Me!”
Listen to what MPOWER borrower Sol Bee, a remarkable South Korean UC Berkeley student and our MPOWER Video Contest winner, has to say.
What are the benefits of an MPOWER loan?
Forward-looking approval process
- Student loans without cosigners or collateral
- No credit history required
- We consider your academic success and career path when making a credit decision
FLEXIBLE FUNDING OPTIONS
NORTH AMERICAN LENDER
- We help you build your credit profile to ensure your access to credit in the future
- No exposure to exchange rate risk should you remain in Canada or USA post-graduation
- Interest paid on your student loan may be tax deductible in Canada and the USA
Path to Success
- Enjoy up to 1.50% in interest rate discounts for consistent payment and academic success
- We issue visa support letters for all of our approved borrowers upon request
- We offer free resume review, networking opportunities, exposure to paid internships and full-time job openings
How does the loan process work?
Application through graduation!
Check to see if your school and program are eligible
Estimated time: 1 minute or less
Complete your application. Estimated time 30 minutes
Receive a conditional offer immediately after submitting your application. Estimated time 2-3 days
Upload your requested documents to your MPOWER dashboard, watch an introduction video, and complete a short assessment.
Estimated time: 15 minutes or less
Receive a final approval after we verify all of your uploaded documents. At this time we will also provide you with a visa support letter if you need it. Estimated time: 3-5 business days
Hang tight while your school certifies your enrollment status with us. Once that is done, we can disburse your funding directly to your school on an agreed upon date. Estimated time: 2-10 weeks
Contact us for your interest rate discount!
Loan Payment Estimator
Fixed v. Variable Interest Rates: why variable student loan rates are a gamble
Variable rates shift the burden of interest rate risk from the lender onto your shoulders
Fixed Interest Rates
Risk burden on lender
No interest rate increases
Monthly payments don't increase
Variable Interest Rates
Risk burden on borrower
Unpredictable interest rate fluctuations
Monthly payments can increase
What are our students saying?
We are proud of our customer service!
Sumei worked as a technical support specialist for Citibank in Shanghai, but the opportunity to improve her English and “see the world” led her to an au pair position in New York City. She later decided to pursue a Master’s degree in computer science in the U.S. but found her savings woefully inadequate. MPOWER came through with a loan, and Sumei now has a great internship as a software engineer!Sumei X.
When Srijan started his degree program at Stevens Institute of Technology, financial struggles—and worries about burdening his family—kept Srijan up at night. Now, with MPOWER’s help, he’s finishing his degree and starting a great job in financial services. And instead of burdening his parents, his job will enable them to retire early!Srijan B.
Born in Libya to Czech and Slovak parents, and raised in Malta, Simona is the epitome of a global citizen – and her career, which has included setting up Maltese operations for a Czech start-up, reflects that. Faced with a funding shortfall that imperiled completion of her degree, Simona turned to MPOWER. Now, she’s on track to graduate and pursue a career in healthcare.Simona S.
Are you eligible for an MPOWER loan?
Undergraduate and graduate students within two years of graduating
Students from 190+ countries, including DACA recipients and refugees
Check out our student guide
Check eligibility in 60 seconds