TD and MPOWER Financing Collaborate to Help Simplify the Banking Experience for International Students in Canada

New relationship leverages the strengths of each organization to help promising students, from around the world, access world-class banking and financing products

TORONTO, July 16, 2024: TD and MPOWER Financing have announced a collaboration to help simplify the banking experience for international students pursuing higher education in Canada. MPOWER Financing (“MPOWER”), a mission-driven fintech firm and a leader in international student financing, announced that it is working with TD, the second-largest bank in Canada and sixth-largest in North America by assets, to offer a suite of financial resources needed to help create a seamless banking experience for students on their journey to Canada. 

As part of this collaboration, TD would be MPOWER’s preferred bank for the thousands of students pursuing a degree at one of the top universities that MPOWER supports through its no-cosigner international student loan program in Canada. The TD International Student Banking Package offers access to an array of banking products and services that helps support international students as they transition to post-secondary education in Canada. 

“We’re delighted to work with a large and reputed financial organization such as TD to better support international students’ financial needs in Canada,” said Manu Smadja, CEO and co-founder of MPOWER Financing. “Our students – who pursue master’s degrees from top Canadian institutions – will benefit from the range of financial products, including chequing accounts, savings accounts, and credit cards, that TD can provide them as they begin their journeys in Canada. This collaboration is the latest example of how MPOWER supports students beyond education funding with access to adequate financial products, career guidance, and student visa support.”

“At TD, we are committed to making things less complicated for students from across the world on their journey to study in Canada,” said, Janice Farrell Jones, Senior Vice President, Everyday Banking, Savings & Investing at TD. “That’s why we’re so thrilled to be working with MPOWER to help simplify international students’ transition to the Canadian banking system. Starting a new life abroad comes with a host of challenges, and it’s our goal to support students by offering tools, programs and trusted advice to help make the transition a little easier.”

To learn more about TD and MPOWER’s collaboration supporting international students, visit mpowerfinancing.com and internationalstudent.com. 

About MPOWER Financing

MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from over 200 countries. The MPOWER team primarily consists of former international students and provides students with personal financial education and career support to prepare them for their professional careers after graduation.

MPOWER is a Certified B-Corp and Great Place To Work, one of the best fintechs to work for, and the best tech workplace for diversity. The company is hiring for various positions worldwide.

 

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by assets and serves over 27.5 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among the world’s leading online financial services firms, with more than 17 million active online and mobile customers. TD had $1.97 trillion in assets on April 30, 2024. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

How MPOWER Financing visa services help international students

Applying for a visa for study abroad can be one of the most stressful parts of preparing to study abroad. As an international student, you’re excited about the opportunity to pursue your education in a new country, but the process of securing a visa is filled with uncertainties. Many students find the application process daunting, with its numerous requirements and potential pitfalls, but there is support out there.

Read on as we break down the full process for student visas, common challenges and how MPOWER Financing visa services helps international students. 

What’s a student visa?

A student visa is a legal document allowing you to enter and stay in a foreign country for the purpose of studying at an accredited institution. For the United States, the most common type of visa for international students is the F-1 visa, which is issued to individuals attending an academic program or English language program. 

To qualify for an F-1 visa, you must be accepted by a school accredited by the Student and Exchange Visitor Program (SEVP), demonstrate sufficient financial support and intend to return to your home country after your studies. The application process has several steps, including completing the DS-160 form, paying the SEVIS fee, scheduling and attending an interview at a U.S. embassy or consulate and providing supporting documents.

Common challenges when applying for a visa

Getting a visa for study abroad is a stressful process for many prospective students because without it you can’t start your education abroad. As you prepare for this exciting transition, you’ll juggle many tasks related to your life abroad, including travel logistics, choosing classes and finding a place to live. With so much to do, it’s easy to make mistakes as you encounter new challenges.

Common visa application issues include:

1. Complex paperwork: The forms and documentation required can be overwhelming and confusing.
2. Interview anxiety: The visa interview is an essential step, and many students feel anxious about presenting themselves effectively.
3. Financial proof: You may need to gather proof of funds from multiple sources and ensure the total amount is sufficient to cover your expenses.
4. Understanding regulations: Immigration laws and regulations can be complex and are subject to change, making it difficult to stay informed about the latest requirements.
5. Rejection risk: Visa rejections can occur for various reasons, from incomplete applications to doubts about your intention to return home after your studies.

Is it a good idea to get expert help with a visa application?

Given the complexity and high stakes involved, it’s often beneficial to seek professional help when applying for an F-1 visa. Expert guidance can help ensure your application is complete, accurate and submitted on time. Professionals can also provide valuable tips for your visa interview, helping you to present your case confidently. Most importantly, they can help you avoid common mistakes that could lead to a visa rejection.

How MPOWER Financing can help you with your visa application

MPOWER Financing offers comprehensive support to international students through its Path2Success program. We help you understand and navigate the F-1 visa process. Services include:

1. Free visa support letter: MPOWER provides a letter showing how much financial support it will contribute to your education. This letter is an important component for both the Form I-20 and your visa application. It helps to establish your financial stability while living abroad.
2. Free visa essentials course: To ensure you’re fully prepared for your visa interview, MPOWER has partnered with CatalystGem, visa experts, to offer a course covering the essentials of the F-1 visa process. It covers what to expect and how to present yourself effectively during your visa interview.
3. Visa support upgrades: For students seeking additional assistance, there are several upgrade options available for an additional US$99:
   • Personalized mock interviews: Participate in mock interviews to help you practice and improve your interview skills before the visa appointment.
   • Live Q&A webinars: Ask questions and receive real-time answers from experts, providing you with knowledge and confidence for your visa interview.
   • Consultation with former U.S. visa officers: Speak directly with former U.S. visa officers about your unique situation and gain insights to enhance your visa application and interview readiness.

With these resources from MPOWER Financing, navigating the F-1 visa process becomes much smoother and less stressful, giving you confidence from start to finish.

Additional benefits from MPOWER Financing

The benefits of MPOWER’s Path2Success program extend far beyond visa assistance to include financial services and career support for international students. Every MPOWER customer is prequalified for a bank account and credit card in the U.S. or Canada through its partners.

MPOWER also offers exclusive career services to assist you throughout your internship and job search, specifically tailored for F-1, OPT and H-1B visa-sponsored roles. The job application support aligns your skills with potential employers to optimize your job prospects.

Additionally, MPOWER provides special discounts on essential study abroad items and services. Once students sign their loan offer, they gain access to discounts on mobile SIM cards, textbooks and air travel. These comprehensive benefits ensure MPOWER students are well-equipped and supported in both their academic and professional journeys.

To learn more about exclusive MPOWER visa services and other benefits, be sure to visit our Path2Success page.

Interested in how MPOWER Financing can help you study abroad? Start an application and check your eligibility in less than a minute.

 

Apply Now

MPOWER Financing named Best Student Loan for International Students by NerdWallet

NerdWallet’s annual awards recognize MPOWER as one of the Top Student Loan Products

Washington D.C., June 28, 2024 – MPOWER Financing has been named Best Student Loan for International Students in NerdWallet’s 2024 Best-Of Awards. NerdWallet, Inc. (Nasdaq: NRDS), provides trustworthy financial guidance to consumers and small- and mid-sized businesses (SMBs). MPOWER Financing is a mission-driven fintech firm and the leading provider of scholarships and no-cosigner loans to promising students from around the world.

NerdWallet’s Student Loans Best-Of Awards recognize the top financial products on the market to help consumers make smart financial decisions. A team of trusted Nerds – composed of seasoned journalists and subject-matter experts – used a comprehensive scoring formula to objectively evaluate over 1,000 financial products. Top picks across credit cards, personal loans, banking, investing, mortgages, insurance, travel rewards and student loans are featured in this year’s awards.

MPOWER Financing is committed to removing barriers to education and offering financially sustainable, no-cosigner, no-collateral loans to international students at top universities across the U.S. and Canada. MPOWER Financing believes funding a student’s education is only the first step to success – not the last. That’s why every student also gains access to exclusive career, immigration and financial resources through MPOWER’s Path2Success program.  

“NerdWallet’s rigorous evaluation of financial products ensures consumers can trust that MPOWER has one of the top student loan products on the market to help meet their financial needs,” said Sam Yount, vice president, Consumer Credit at NerdWallet. 

“I’m thrilled that MPOWER has once again been awarded Best Student Loan for International Students,” said Manu Smadja, CEO and co-founder of MPOWER Financing. “We’re proud to facilitate the education of tens of thousands of bright students from around the world – 93% of whom say that a loan with MPOWER was imperative in their ability to study in the United States. We’re grateful that NerdWallet recognizes the value of our efforts to democratize access to higher education.”

 

About MPOWER Financing

MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from around the world. The MPOWER team consists of former international students and provides students with career guidance and immigration support to prepare them for their professional careers after graduation.

 

About NerdWallet

NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life’s financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to NerdWallet’s expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available for consumers in the U.S., UK and Canada.

“NerdWallet” is a trademark of NerdWallet, Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners.

MPOWER Financing partners with BorderPass to help promising international students attain a study permit

The partnership will assist bright students from around the world navigate the challenges of the Canadian immigration system and successfully begin studying at a top Canadian university

WASHINGTON, DC, May 21, 2024: MPOWER Financing, a mission-driven fintech firm and the leading provider of no-cosigner loans to promising international students, today announced a partnership with BorderPass, an online immigration service and platform that supports international students moving to Canada. The partnership will help facilitate a more streamlined and accessible immigration process for students by assisting high-achieving students globally in navigating the Canadian study permit application process.

“MPOWER has always been committed to helping talented international students secure a high-caliber education in Canada, and our partnership with BorderPass marks a significant milestone in our commitment to assist international students with benefits beyond education funding,” said Lisa Kaplan, head of Product and Digital Platforms at MPOWER Financing. “By collaborating with BorderPass, we are creating a seamless path for international students to leverage expert immigration services alongside their MPOWER student loan. We’re thrilled that BorderPass’s guidance will enable more opportunities in Canada for students from around the world.”

Through this partnership, students who get financing from MPOWER to pursue a top Master’s or MBA degree in Canada will have access to the BorderPass platform for immigration support. BorderPass supports international students as they navigate the study permit process, providing comprehensive services and expert advice through every step of their application, visa, documentation, work permit, student life. 

“BorderPass and MPOWER are dedicated to empowering international students to fulfill their dreams by offering comprehensive support for both their financial and immigration journeys,” said Sally Daub, co-founder of BorderPass. “Together, we provide students with the tools and assistance they need to unlock access to Canadian education, ensuring a secure and seamless journey throughout their studies and beyond, wherever their aspirations may lead them.”

The BorderPass partnership is a testament to MPOWER Financing’s commitment to removing barriers to education and offering financially sustainable loans to international students. In addition to receiving MPOWER’s collateral-free and cosigner-free loans for international students studying at Canadian and American universities, students benefit from visa and immigration guidance; job search and career support and access to financial resources like credit cards, debit cards and other exclusive offers through MPOWER’s Path2Success program.

MPOWER completed its first securitization last week, enabling approximately US$215 million of education loans for international graduate students at leading universities. The securitization, the first in the U.S. for international student loans, was completed with Goldman Sachs & Co. LLC serving as structuring agent and joint bookrunner and Deutsche Bank Securities Inc. as joint bookrunner. 

 

About MPOWER Financing

Headquartered in Washington, D.C., and with employees worldwide, MPOWER Financing is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from over 200 countries. The MPOWER team primarily consists of former international students and provides students with personal financial education and career support to prepare them for their professional careers after graduation.

MPOWER is a Certified B-Corp and has been named a Great Place To Work, one of the best fintechs to work for and the best tech workplace for diversity. The company is hiring for various positions worldwide.

 

About BorderPass

BorderPass was founded by legal and tech experts with a mission to improve the immigration management and compliance process for learning institutions and international students by providing a software platform focused on student success and employment outcomes. BorderPass provides international students with access to Canadian lawyers and trustworthy, ongoing advice and tools for future employment and permanent residency goals. BorderPass also supports esteemed colleges and universities in remaining compliant with government mandates and standards of practice, through accurate data and visibility into the status of their international student body. For more information, visit borderpass.ca.

New report highlights Canadian study permit approval rate disparities, shows vastly lower approval rates for African students

Report from MPOWER Financing concludes with a call to action for Canadian academic institutions and policymakers to enhance the international student recruitment experience and reform the study permit process.

TORONTO, June 19, 2024 – MPOWER Financing (“MPOWER”), a mission-driven fintech firm and the leader in international student financing, today released a comprehensive report on Canadian study permit approval rates for students from around the world across different levels of education. This report, which analyzes data from Immigration, Refugees, Citizenship Canada (IRCC) and other sources, found that African students – especially those from Francophone nations – encounter formidable barriers in securing Canadian study permits.

The report shows consistently lower study permit acceptance rates for African students relative to their global peers and advocates for a recalibration of Canada’s study permit adjudication processes to foster greater equity and inclusivity. 

The report’s key findings include:

• African students face consistently lower study permit approval rates when compared with their global peers (27% for African students versus 74% for students from other nations on average over the six-year period from 2018-2023). Francophone African students, in particular, are disproportionately affected with approval rates lagging behind those from non-Francophone regions (22% versus 29%).
  
• The 2020 pandemic resulted in sharply reduced approval rates for all students, both African and non-African. A post-2020 recovery reveals the pace of improvement remains uneven across different African regions.
  
• Lower approval rates for African students represent a significant missed opportunity for students and Canadian academic institutions. From 2018-2023, over 46,000 African postgraduate students were sidelined due to study permit approval processes that are seemingly stacked against them.

The report concludes with a call to action for Canadian academic institutions, Global Affairs Canada and IRCC to enhance the international student recruitment experience and the study permit adjudication process to remedy inequities and enhance the credibility of the program.

“At MPOWER, we believe in breaking down barriers to education,” said Sasha Ramani, head of Canada and head of Corporate Strategy at MPOWER Financing. “The disparities identified not only deprive bright minds of opportunities, but also deprives Canada of tens of thousands of talented minds and billions of dollars worth of economic contributions. We look forward to continuing working with Canadian policymakers to advise them on enhancements to the study permit program and with Canadian postsecondary institutions seeking to grow and diversify their international student populations.”

The report can be downloaded from MPOWER’s website. 

About MPOWER Financing

Headquartered in Washington, D.C., and with employees worldwide, MPOWER Financing is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 500 top universities across the U.S. and Canada to provide financing to students from over 200 countries. The MPOWER team primarily consists of former international students and provides students with personal financial education and career support to prepare them for their professional careers after graduation.

MPOWER is a Certified B-Corp and has been named a Great Place To Work, one of the best fintechs to work for and the best tech workplace for diversity. The company is hiring for various positions worldwide.

International study programs: Health and medicine

Health and medical degrees make up an expansive area of study – from public health and pharmaceuticals to nursing and medical school programs.

In fact, they’re among the top international study programs in U.S. postsecondary schools. If you’re an international student considering a health – or medicine-related graduate or professional program in the United States, here’s what you can expect from the program during school and beyond. 

About health and medicine programs 

Health and medicine is a broad academic category including a host of postgraduate areas of study, such as programs for: 

• Professional medical doctor (M.D.)
• Advanced practice nursing (APRN)
• Master’s of public health (MPH)
• Doctor of dental surgery (DDS)

Curriculum requirements vary depending on the program you choose. 

For example, when studying within a medical school program, expect a four-year curriculum. Traditionally, the first two years involve preclinical education that covers various medical concepts, from anatomy and physiology, to diseases and treatments. During this time, you’ll also learn about diagnoses, doctoring, medical history and more.

In your third and fourth years of medical school, the curriculum teaches you how to engage with patients and other healthcare teams in real-life situations and environments. This phase of your graduate health and medicine education is called clinical rotations, or clerkships. During this period you’ll be exposed to different types of specialties, which you can explore deeper after medical school, if a specific area of medicine is of interest. 

If you hope to have a career as a physician, speak to an advisor at your school. They can help guide you through medical school admissions, specialty options and residency applications toward the end of your graduate career.

Demand for health and medicine degrees 

One thing to keep in mind if you’re planning to study medicine is that the Association of American Medical Colleges (AAMC) has reported that the United States expects to face a physician shortage. By 2036, it projects a deficit of 86,000 health and medical professionals, which means demand for health and medicine degrees might grow. 

Also, health-related professions remain among the top 10 areas of study among international students. According to the 2023 Open Doors Report by the Institute of International Education, there were a total of 467,027 postgraduate students enrolled in master’s, doctoral, professional and other graduate degree levels. Based on all survey participants, 12.8% of international students chose a health profession-based program.

Be aware that not all U.S. medical schools accept international students, but many programs do. The AAMC reports that 48 U.S. M.D. programs accept international applicants. For a glimpse into how competitive health and medicine programs are, during the 2023-24 academic year, the AAMC found that 1,886 international students applied to an M.D. program, and ultimately, 287 students successfully enrolled. 

When considering an M.D. graduate program, review the school’s admission requirements closely.

Five schools with health and medicine programs from our list of over 500+ eligible schools*

To ensure your chosen medical school accepts international students, choose from MPOWER’s list of 500+ eligible schools. Here are five MPOWER-eligible schools for international students studying health and medicine in the U.S.: 

University of Maryland, Baltimore (UMB)

UMB has a diverse selection of postgraduate health programs for international students studying in the U.S. UMB’s School of Nursing, School of Dentistry and highly ranked School of Medicine provide study opportunities in all health disciplines, from neurology to emergency medicine.

Grand Valley State University 

Grand Valley State focuses on postgraduate nursing and public health programs. Students at the Kirkhof College of Nursing are surrounded by the leading hospitals and healthcare facilities in West Michigan and learn from state-of-the-art technology. 

University at Buffalo (UB)

If you hope to pursue cutting-edge research while studying in the U.S., UB is a top public research institution. It particularly excels in oncology and neurology research. Aspiring doctors benefit from UB’s connection to the larger Buffalo medical community, completing early clinical clerkships in major teaching hospitals and developing a thorough understanding of the specific health challenges in Buffalo.

Binghamton University

Binghamton’s Master of Science (MS) in nursing trains students to become nurse administrators or nurse educators, in addition to APRNs. Its MPH program emphasizes fighting for health equity in rural and vulnerable populations.

University of South Carolina (USC)

A nursing college, pharmacy college, public health school, and two schools of medicine make USC a great option for international students pursuing health and medicine degrees. USC is a Carnegie Tier 1 research institution where students learn from and contribute to innovative research in their fields.

By studying at an MPOWER-eligible school, you have the opportunity to benefit not only from MPOWER’s competitive, fixed interest rate international student loans, but also from MPOWER’s continuous professional support helping you prepare for your internship and full-time jobs after graduation. To jumpstart your dream of studying in the U.S., check out MPOWER’s eligible schools today.

*Schools mentioned in this post do not endorse MPOWER’s loans and MPOWER is not affiliated with the schools noted in this message. 

5 jobs you can get with a health and medicine degree

With health and medicine postgraduate programs, you likely already know the medical profession or specialty you’re focused on pursuing. 

Depending on the area of health or medicine you practice in, your return on investment might vary. Pursuing graduate school in a healthcare field is a big commitment, but over your career you will achieve a high ROI, according to Education Data analysis. Generally, ROI reaches an estimated 350% over a 40-year career.

Here are just a handful of possible career paths with an advanced degree in health or medicine.   

1. Obstetrician and gynecologist (OB-GYN) 

Obstetricians and gynecologists provide reproductive medical care for women at all stages, including pregnancy, childbirth and menopause. They diagnose patient concerns, provide treatment options, observe patients, perform tests and screenings, and offer preventative guidance. 

The U.S. Bureau of Labor Statistics (BLS) reports that the mean annual wage for this medical profession is US$278,660. Between 2022 to 2032, OB-GYN roles are projected to have 2.2% job growth.

2. Cardiologist

As a cardiologist, you’ll diagnose, treat, order and review tests and imagery, and provide medical care for patients experiencing heart and cardiovascular concerns. This includes chest pains, high or low blood pressure and heart failure.

The BLS reports that the mean annual wage for cardiologists is US$423,250, and cardiologist roles are projected to rise 3%.

3. Pharmacist 

Working as a pharmacist in the United States requires a Doctor of Pharmacy degree. Upon completing pharmacy school, you’ll work alongside other healthcare professionals to advise them on appropriate dosage for patient medications. You’ll also interact with patients to instruct them on safe use of their prescriptions, its side effects and record maintenance.

The BLS states that pharmacists earn a sizable six-figure median income of US$136,030 annually. This health profession is projected to grow 3% from 2022 to 2023, with an estimated 13,400 job openings per year.

4. Advanced practice registered nurse (APRN)

The minimum education level to become an entry-level APRN is a master’s degree. Typically, you’ll serve within a specialty, such as a nurse anesthetist, nurse midwife or nurse practitioner. As an APRN, you’ll provide patient care, diagnose health problems, perform exams and more. 

The median annual salary for a specialized APRN in 2023 is US$129,480, according to the BLS. And the demand for nurses is high. Between 2022 to 2032, this job is expected to grow 38% faster than average of all occupations. Over the next decade, the number of openings expected in nursing fields is expected to total about 29,200.

5. Speech-language pathologist

Treating individuals of all ages who have speech, language or swallowing disorders is the primary role of a speech-language pathologist. They evaluate clients’ existing concerns and determine the appropriate treatment or therapy plan to help them improve their language, speech rhythm and fluency.  

This health profession requires a master’s degree in speech-language pathology and a license in the state you’re practicing. The BLS reports that this job earns a median annual wage of US$89,290 with those working at nursing facilities and hospitals earning more than US$100,000 annually. The employment growth for speech-language pathologists is projected to grow faster than average at 19% from 2022 to 2032.

Final thoughts: Getting a health and medicine degree

Pursuing a graduate-level degree in health and medicine as an international student is challenging, but it offers a variety of rewarding career paths.

Before launching your studies, make sure you have sufficient funds to pay for medical school or other health-related programs. In 2023, more than 300 health and medical graduate students received financial assistance through MPOWER Financing loans.

If you need help paying for school especially for a healthcare or STEM field, consider an international student loan from MPOWER Financing. 

 

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International student success story: From Colombia to security management in Canada

For many international students, the path to higher education abroad is met with challenges, both financial and cultural. Geovanny López, a determined student from Colombia, exemplifies this journey as he pursues a Master of Science in security management at New York Institute of Technology (NYIT) in Vancouver, Canada. His story is one of resilience and adaptation on his academic and professional growth journey.

Choosing Canada for a unique educational opportunity

Geovanny chose to study in Canada to accelerate his career and professional options, knowing that he had limited options for advanced study in his home country. In addition, Geovanny sought to provide his family, particularly his children, with the opportunity to improve their English and experience life in a different cultural setting.

With a background in technical and sensitive security work, Geovanny hoped an advanced degree would enhance his career prospects. “I wanted to deepen and improve skills in my career that would allow me to continue growing and developing professionally,” he says.

Adapting to a new life in Canada

Moving to Canada marked a significant change for Geovanny and his family. “Migrating is a big change,” he acknowledges. The transition required  adapting to new cultural norms and balancing the demands of work and study. “The positive thing is that I came with my family. I’ve had great support from them,” he says. Despite the hurdles, they’ve gradually adapted to their new environment over the past year.

Financial challenges and the search for solutions

Funding his education was one of the most significant obstacles Geovanny faced. “It wasn’t easy to get the money,” he admits. As an international student, he encountered stringent requirements and limited options from traditional banks. “It’s almost impossible really. Banks don’t lend, and I had to bring the money from Colombia at a certain point,” he says, reflecting the broader financial struggles faced by many international students.

Discovering MPOWER Financing: A turning point

The high exchange rate between the Colombian peso and the Canadian dollar compounded Geovanny’s financial difficulties. At the time, one Canadian dollar was worth approximately 3,000 Colombian pesos, making it a considerable effort to fund his education in Canada with Colombian earnings. Geovanny found a solution in MPOWER Financing.

MPOWER Financing offers tailored financial solutions for international students and a  viable alternative to traditional banks. Geovanny found the application process straightforward and efficient. “The application process was very easy. I got a quick response,” he says. MPOWER’s collaboration with NYIT further streamlined the process, enabling direct payment to the university and alleviating the stress of managing international transactions.

A positive future ahead

Geovanny says his studies are progressing well.”I see my future well, I see it with optimism,” he says.  He and his family are open to the possibility of staying in Canada, depending on job market opportunities and his family’s comfort.

Advice for fellow international students

Geovanny encourages other international students to study abroad. “My advice to international students,” Geovanny says, “is that they must have everything very well planned.” Preparation, he says, is key – from financial planning to understanding cultural differences. Adapting to a new country involves numerous changes, and being well-prepared can make the transition smoother.

MPOWER Financing: A recommended resource

Geovanny has become an ambassador for MPOWER Financing: “I would recommend MPOWER, yes. In fact, I’ve already done it,” he says, underscoring the positive impact MPOWER has had on his educational journey.

For Colombian students and other international scholars, MPOWER Financing offers a lifeline, simplifying the financial aspect of studying abroad and enabling students to focus on their academic and professional aspirations. Geovanny’s journey is a testament to the difference MPOWER can make, turning dreams of international education into reality.

Interested in financing your education as an international student abroad? Start an application and check your eligibility in less than a minute.

 

Apply Now

Networking as an international student

Are you entering the job market as an international student in the United States? Mastering the art of networking can significantly enhance your job search strategy and open doors to numerous opportunities.

Here’s how to effectively network to land your dream role as an international student.

1. Start with your campus network

Professors and faculty

Your professors and faculty members are invaluable resources. They often have industry connections and can provide introductions or recommendations. Attend office hours, participate in class discussions and seek advice on your career goals.

Peers and alumni

Connecting with your peers and alumni can be helpful to expand your network. Join student organizations, participate in group projects and attend alumni events. Alumni networks are particularly beneficial as they can provide insights into job openings and company cultures.

Career services

Take full advantage of your university’s career services. They offer various resources, including resume reviews, mock interviews and networking events. These services are tailored to help students like you succeed in the U.S. job market.

There may also be off-campus career resources. For example, MPOWER Financing offers students who receive student loans free career support services, including job search tools tailored for F-1 students, resume reviews, interview preparation and networking opportunities. 

Career services as well as immigration and financial resources are offered through MPOWER’s Path2Success program.

2. Leverage online networking platforms

Professional social media channels

While using LinkedIn in your job search is a popular choice, don’t overlook other platforms like X and industry-specific forums. Follow thought leaders, engage in conversations and share your insights to build your online presence.

Webinars and virtual events

Participate in webinars and virtual events related to your field. These events are excellent opportunities to learn from experts, ask questions and connect with other attendees. Many professional associations offer virtual networking events tailored to international students.

Industry groups and forums

Join industry-specific groups and forums online. These groups often discuss the latest trends, job openings and networking events. Actively participate in discussions to make yourself known to other professionals in your field.

3. Engage in professional development

Certifications and courses

Pursuing certifications and additional courses can help you stand out. Many online platforms offer courses that can enhance your skills and show potential employers your commitment to professional growth.

Internships and volunteer work

Internships and volunteer work are ways to gain experience and expand your network. These roles provide practical experience and can lead to job offers. They also allow you to meet professionals who can become valuable contacts in your career.

Conferences and trade shows

Attend conferences and trade shows to meet industry leaders and potential employers. These events are perfect for making face-to-face connections and learning about the latest industry trends. Prepare a brief introduction about yourself and your career goals to make a memorable impression.

4. Personalize your networking approach

Craft personalized messages

When reaching out to new contacts, personalize your messages. Mention common connections, shared interests or specific reasons why you want to connect. A tailored approach shows that you’ve put thought into your outreach and are genuinely interested in building a professional relationship.

Follow up

After meeting someone, always follow up with a thank you message. Mention something specific from your conversation to jog their memory. Regular follow-ups help maintain the connection and keep you on their radar for future opportunities.

Final thoughts: Strategic networking makes a difference

By leveraging your campus resources, engaging in online networking, investing in professional development and personalizing your approach, you can significantly enhance your job search strategy. Stay proactive and persistent, in your networking efforts, and you’ll be well on your way to achieving your professional goals in the U.S. job market. 

Start building your professional network today to boost your job search success as an international student in the U.S.

 

Using LinkedIn in your job search as an international student in the U.S.

Are you entering the job market as an international student in the United States? Leveraging LinkedIn, a powerful professional networking platform, can significantly enhance your job search strategy. 

Here’s how to maximize LinkedIn to land your dream internship or job as an international student.

Optimize your profile

Headline

Your LinkedIn profile is your digital resume, so making it stand out is essential. Start by creating a compelling headline highlighting your skills and career aspirations. Example: “Incoming computer science graduate student seeking opportunities in artificial intelligence.” 

Profile photo

Ensure your profile photo is professional – a clear, well-lit headshot in business attire is ideal. In addition to your headline and profile photo, your summary should succinctly outline your background and expertise, using industry-relevant keywords to boost visibility.

Educational background and work experience

Detail your educational background and work experience comprehensively. Highlight specific projects, research and coursework that demonstrate your skills. Additionally, list technical and soft skills in the designated sections available on your profile. 

Build and engage your network

Building a robust network will improve your chances for career growth. Start by connecting with peers, professors and alumni from your university. Join LinkedIn groups related to your field to open up valuable networking opportunities. 

When sending connection requests, personalize them with a brief message explaining who you are and why you’d like to connect. 

Once building these connections, engage actively on LinkedIn by sharing articles or posts relevant to your field. Sharing your achievements and career updates can also help build credibility as a knowledgeable and engaged professional. 

Take advantage of LinkedIn’s job search tools

LinkedIn’s job search function is a powerful tool for finding opportunities. Use filters to narrow down jobs by location, industry and experience level. As an international student, look for companies that sponsor visas, using keywords such as “H-1B sponsorship” in your job searches. Set up job alerts to stay updated on new postings, ensuring you can apply as soon as opportunities arise. Also, make sure to follow companies you’re interested in to keep track of their job openings and updates.

Many companies provide specialized career services and resources beneficial for international students. For example, MPOWER Financing offers students who receive student loans free career support services, through its Path2Success program, including a tailored job search tool for F-1 students, resume reviews, interview preparation and networking opportunities. Engaging with such companies on LinkedIn can provide additional resources and support in your job search.

Final thoughts: Using LinkedIn in your job search

By optimizing your profile, engaging your network and using its job search tools, you can significantly enhance your job search strategy on LinkedIn. Stay proactive and persistent, and LinkedIn can help build your professional visibility online and bring you closer to reaching your professional goals.

How to open a bank account in Canada as an international student

Opening a Canadian bank account as an international student can feel a little intimidating, but we’re here to help you get started. Having a bank account is a way to manage your money while in the country. There are a few different accounts you can use that are geared toward international students studying in Canada, as well.

Before moving forward with the first bank you see, take some time to learn what you can about how to open a bank account in Canada as an international student.

1. Choose a bank

Picking a bank is a big first step. Not all banks operate or are managed the same way. Some have accounts geared toward kids, tweens and teens. Some have accounts just for college students, including those studying abroad and away from their families.

It’s wise to evaluate different banks on a few important factors, such as fees, options and eligibility requirements.

Fees 

When considering an account, ask whether the bank charges fees and when they’re implemented. Also, ask if the bank waives its fees at any time and under what circumstances? 

Look out for different charges, like:

• Account management fees
• Low balance fees
• Monthly maintenance fees
• Late payment fees
• Insufficient funds fees
• Transaction fees
• Foreign transaction fees
• Wire transfer fees

You might face other fees depending on how you use your bank account, so see which fees could be charged by your bank.

Options

The type of bank account matters when it comes to the bank you’ll choose. This could be a checking account or savings account. Banks may also offer discounts, bonuses or promotions when you sign up. 

It’s also helpful to see which banks offer benefits specifically for students. For instance, do some accounts have a limit on free transactions while others are unlimited? Do some checking accounts come with a savings account? Explore the different types of options available.

Eligibility requirements

Banks often offer student-specific bank accounts and general accounts open to anyone. See which match the options you’d like as well as the ones you’re eligible for. There’s a chance you might prefer a general bank account, but you’re not eligible for it. And similarly, you may find you’d prefer a student-focused bank account. 

Make sure you can meet the minimum requirements to open an account. For instance, is there a minimum opening balance or a monthly balance you need to maintain to keep your account in good standing? Make sure you qualify before completing an application.

2. Start your bank account application

Most banks allow you to open an account online at your convenience. Some banks may require you to visit in person, whether that’s a local community bank or a big, national institution. So check out your bank’s requirements as you’re completing an application.

Banks usually require several, different forms of identification when you apply, such as: 

• A passport
• Driver’s license (either Canadian or U.S.)
• Study permit or temporary permit
• Letter of enrollment acceptance from your university
• Canadian government ID

If you’re struggling to come up with more than one form of identification, ask your bank if they’ll consider other types, such as a student ID.

You’ll also need to select the type of bank account you want. If you plan to make a lot of money transfers, whether it’s income, bill pay or something else, you may want a checking account. If you want a place to save money for the future, a savings account might be best. You may also want to explore a foreign currency account if you need to keep money in a different currency.

3. Sign up and activate

Once you’ve completed your application, make sure you’ve registered a username and password with your bank’s website. Also download the mobile app, if your bank has one. 

Your bank may also give you a debit or bank card for you to use at your convenience. They might send you one in the mail, but if you’re opening an account in person, you might get a temporary card you can use right away. 

After you get your bank card, set up your PIN (personal identification number). This is a code only you should know and don’t share with anyone. It lets you use the card wherever accepted, whether that’s shopping or using an ATM to withdraw money. 

Final thoughts: Opening a bank account in Canada as an international student

Moving to another country for your postgraduate studies is a big change. Opening up a bank account is one important step as you prepare to study abroad in Canada. Having a Canadian bank account as an international student will help you manage your money while you’re in the country. 

It also helps if you’re planning to work while in the country and are earning a paycheck from a Canadian company. Managing Canadian money will be easier with a Canadian bank account instead of a foreign bank account. Consider getting a Canadian bank account as you make the move to attend school in Canada.