MPOWER Financing partners with F1 Hire to support the career advancement of international students

The partnership aims to create employment pathways for talented students from around the world

WASHINGTON, D.C., April 12, 2024: MPOWER Financing, a mission-driven fintech firm and the leading provider of no-cosigner loans to promising international students, has announced a partnership with F-1 Hire, a data-driven staffing and career management company that helps U.S. employers find qualified global candidates. By leveraging the strengths of both organizations, the alliance will create pathways to success for high-achieving students from around the world.

“Our partnership with F1 Hire is a landmark initiative aimed at dismantling the barriers international students face in the global job market,” said Lisa Kaplan, head of Product and Digital Platforms at MPOWER Financing. “This collaboration is a testament to our commitment to, and investment in, our students, providing them with a robust support system that caters to their academic, professional and financial needs.” 

“We’re delighted to work with MPOWER and to support their mission of helping international students study in the U.S. and Canada,” said Andrew Chen. CEO of F1 Hire. “Together, we’ll create new opportunities for talented students from around the world to realize their dreams and potential.”

International students face unique financial, legal and early career challenges compared to their domestic classmates. According to the International Talent Friendliness Index (ITFI) maintained by F1 Hire, less than 1.6% of job openings in the U.S. job market are sponsorship-friendly to international talents, and 12% of companies explicitly reject any sponsorship. F1 Hire’s browser extension software makes the job search process more productive for global talents to find CPT/OPT/H1B internships/jobs on five major job boards.

MPOWER provides no-cosigner financing to students from 200+ countries who are attending 500+ top universities across the U.S. and Canada. Its proprietary algorithm assesses the potential of each applicant to ensure equity in education loans regardless of income, family background or gender, providing international students with better access to education. 

F1 Hire specializes in sourcing and retaining international talent in the U.S. for small to midsize employers, including facilitating onboarding compliance and CPT/OPT/H-1B sponsorship. The organization also supports colleges and institutions to effectively use student-driven data to create proactive career readiness programming. MPOWER supports students to attain career readiness through its Path2Success program, With this partnership, F1 Hire enhances MPOWER’s Path2Success Program, helping these students seek gainful employment in their desired field after graduation.

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 provides financing to students from over 200 countries who are attending over 500 top universities across the U.S. and Canada. 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 F1 Hire

F1 Hire, LLC, a WholeRen Group company, is a data-driven staffing and career management company based in Pittsburgh, Pennsylvania. F1 Hire provides a must-have tool for international talents to find CPT/OPT/H-1B internships and jobs. F1 Hire supports the career advancement of international talents in the global market. They effectively help small to mid-size U.S. employers find the best-fitting and qualified candidates from the international student talent pool. 

 

What financial aid options are available for Bangladeshi students studying abroad?

Are you a Bangladeshi student interested in studying abroad, but finances are holding you back? Studying abroad might seem like a fantasy, but there are resources out there to make it a reality.

We understand the difficulties students experience when financing their studies abroad. That’s why we’ve created this complete guide to student financial aid for your study abroad program. Whether you’re just starting to dream about studying abroad or you’re already in the planning stages, this is for you.

Common forms of financial aid for students: Grants and scholarships

Scholarships and grants are a vital tool for students to study abroad. Government-funded scholarships like those provided by the Bangladesh government can be a great source of support to deserving students. College-based scholarships and grants can also help reduce the financial burden. Nonprofits and organizations like MPOWER Financing are yet another scholarship source. MPOWER’s scholarships help ease financial burdens for international students pursuing their education in the U.S. and Canada.

Government-funded scholarships

Bangladesh students have access to various government-sponsored scholarships catering to international education. These scholarships reward merit and promote global awareness. The government normally sets aside money to assist people studying subjects such as science, technology or the humanities.

It’s advisable that a student from Bangladesh keep track of existing government scholarships as well as requirements for applications and eligibility.

Institutional scholarships and grants

Universities and colleges overseas often provide their own scholarships and grants. These may be based on merit, need or both. 

Institutional scholarships might also take into account other factors including participation in co-curricular activities, leadership roles or community service. Check with a school’s student financial aid office to get more information on available options.

Financial assistance from nonprofit organizations and foundations

Non-governmental organizations and foundations have played important roles in international education. Their main focus is providing student financial aid to ensure that even students from modest backgrounds can pursue higher studies. This is very much applicable to Bangladeshi students.

It’s important to explore grants from nonprofit organizations. A number of foundations emphasize supporting students from underdeveloped nations, such as Bangladesh, who wish to pursue higher education. You should always stick to institutions within your discipline or career path for a better-targeted approach.

Student loans and education financing options

If scholarships and grants do not cover the full costs, you should explore student loans. MPOWER Financing could be an ideal choice for you. As Mahmudur Rahman, a student at the University of Windsor, puts it: “I am utterly grateful to MPOWER for making my impossible journey look so easy. Without their financing, it wouldn’t be possible to complete my education in Canada.”

Below are some of MPOWER’s unique solutions specifically designed for Bangladeshi students:

1. No cosigner or collateral is required 
2. Up to US$100,000 in funds 
3. Eligible for study at 500+ U.S. and Canadian universities
4. No prepayment penalty 
5. Competitive interest rates and repayment terms

Work-study programs and internships abroad

Work-study programs and internships can help you learn while earning money to support yourself. You’ll need to check into the rules and regulations in your host country.

Work-study programs can take care of your daily needs and make your CV much richer. Internships, whether paid or not, are a great way to gain practical experience in your field of interest.

Affordable study abroad destinations and programs in the U.S. and Canada

High-quality education usually means a high price, but there are places in the U.S. and Canada where you can get a high-quality education that won’t break the bank.

Did you know in the United States and Canada, some cities and provinces offer quality education at a more reasonable cost compared to other regions? Consider universities and colleges in states with lower living expenses or provinces in Canada with affordable tuition fees. 

Always ensure your chosen study abroad destination aligns with your budget while meeting cultural fit and language requirements. Proper selection will enhance your overall academic experience.

Tips on managing finances while studying abroad

Get tips on how to manage finances effectively while studying overseas. This includes having information about everything ranging from creating budgets to cost-effective living.

• • Develop a realistic budget: Be specific about everything in your budget ranging from tuition fees to miscellaneous expenses like airtime charges. You never know how far money will go due to currency fluctuations or maybe even emergency situations so it’s always better to be prepared.
  • Discover student discounts: Explore student discounts especially when it comes to public transportation or enjoying cultural events. Most countries offer special concessions for students, so always flash your student ID card when possible!
  • Develop economical cooking and shopping habits: Food is expensive, and your income might be limited so shop at local markets and cook your own meals. Eating out is fun, but it’s not friendly to your pocket especially if you do it often.
  • Explore part-time work: Make sure to check the laws governing part-time jobs for students abroad. Many international students work on campus up to 20 hours per week, which allows you to save money while gaining cultural experiences from a part-time job.

Final thoughts: Financial aid for Bangladeshi students

Financial aid can be the key to your success. Work-study opportunities, loans, grants and scholarships are all blessings in disguise because they’re there for the taking. Analyze your opportunities carefully and begin your educational journey with confidence!

As you start on your exciting adventure of studying abroad, navigating the financial landscape can feel overwhelming. MPOWER Financing aims to simplify this process by offering student loans specifically designed for international students like you. So start exploring your options and make your study abroad dream a reality!

International study programs: Engineering

Engineering is a popular international study program worth considering for students seeking an undergraduate education in the United States. Since it’s a STEM field, you would qualify for the 24-month Optional Practical Training Extension for STEM (STEM OPT) after finishing your program. 

Additionally, a bachelor’s degree in engineering can lead students to multiple in-demand and well-paying career prospects. If you’re considering enrolling in an engineering program, here’s what to expect from the curriculum and what you can do with this practical program. 

About engineering programs

Engineering students leverage other core subjects, such as mathematics, science and technology to identify shortcomings and solutions for existing processes, products and systems. Through your coursework, you’ll learn how to analyze issues critically and creatively problem-solve through experimentation. 

Schools have varying core curriculums for their engineering students. Some courses you might encounter as an engineering major include project and design, engineering computation and systems modeling. In addition to general education requirements, you’ll need to complete your core engineering courses for the major. This might include a capstone course or project to apply what you’ve learned toward a real-world problem and demonstrate how you’d approach it.

Engineering is a broad discipline, but, depending on your interests, can offer various concentrations. Nuclear engineering, computer engineering, biomedical engineering and aerospace engineering are just a few options to narrow your focus.

According to the U.S. Census Bureau, electrical engineering is the most popular concentration, followed by mechanical engineering.

After earning your bachelor’s degree in engineering, you can apply your education toward real-world problems across different industries, such as health care, agriculture, computing and manufacturing.

Demand for engineering degrees

A majority of international students (55%) selected a STEM-related field of study in 2022-23, according to the Institute of International Education (IIE). Within this field, engineering was a leading discipline choice. In the IIE’s 2023 Open Doors Report, engineering ranked second on the list of most selected majors by international students.

In the 2023-23 school year, 202,801 international students (19.2%) chose engineering, a 7.8% increase over the prior school year. 

5 jobs you can get with an engineering degree

Although the type of jobs you might qualify for depends on your concentration and hands-on experience, an engineering program offers pathways toward many exciting careers. Here are a handful of jobs you can get as an engineering degree holder.

1. Petroleum engineer

With an engineering-related bachelor’s degree, you can become a petroleum engineer. The median annual pay for this job is $131,800, according to the Bureau of Labor Statistics (BLS). Between 2022 to 2032, petroleum engineering job growth is projected to be 2%. 

As a petroleum engineer, you’ll be tasked with developing optimal ways to extract petroleum-based resources, like oil and gas, from the ground and wells.  

Petroleum engineers design specialized equipment that extract these resources in a safe and efficient way. They also monitor and maintain this equipment and analyze existing methods for areas of improvement. The job generally involves travel, often internationally, to drill and well sites, and company offices. 

Generally, finding work as an entry-level petroleum engineer is possible, but advancement within the job requires additional licenses. In many states, you’ll need to complete ongoing education to maintain this license to ensure you’re up to date with the latest innovations and protocols.

2. Nuclear engineer

Nuclear engineering is another available entry-level career option. The BLS reports the median pay for this job is US$122,480 annually. It’s projected to have negligible or no change in employment growth by 2032.

As a nuclear engineer, you’re responsible for investigating, and addressing challenges regarding nuclear energy and waste. Depending on your specific duties, you might also design, test and manage nuclear equipment and systems. Additionally, you’re responsible for communicating operating instructions for the equipment and systems.

Nuclear engineers are commonly employed in industries like military defense, utility power, medicine and government.  

3. Aerospace engineer

If you’re fascinated by the stars and beyond, a career in aerospace engineering might be for you. Aerospace engineers develop air- and space-based technology and equipment, including satellites, aircrafts, propulsion systems and spacecrafts, as well as their components. 

Jobs in this field can be found through the public and private sector. You might find aerospace engineer jobs through a federal government agency, aerospace manufacturing corporation or other engineering service. Like other engineering specialties, a license isn’t required for an entry-level role; however, it’s expected for career advancement.

The BLS estimates the median wage for aerospace engineers is $126,880 with a 6% growth projection from 2022 to 2032.

4. Chemical engineer

Chemical engineers often work in laboratories with a variety of chemicals and substances, including food and electronics. Their role is to leverage their deep knowledge of chemistry and physics to design products for manufacturing and test the efficacy of those developments.

They’re also responsible for troubleshooting issues related to the existing manufacturing process, products and materials. Some jobs also require chemical engineers to determine whether the current processes adhere to regulatory compliance.  

Industries in which a chemical engineer might be needed include beauty and health, biotechnology and manufacturing. The median annual pay for a chemical engineer is $106,260, according to the BLS, and the field has a faster-than-average projected job growth of 8%.

5. Electrical engineer

Electrical engineers stand to earn a median wage of $104,610 per year. In this career, you’ll plan, develop, test and evaluate electrical equipment, like power generators, electrical parts of electric vehicles, telecommunications hardware and robotic systems.

You’ll also ensure that the manufacturing of these products, and their usage, meets regulatory requirements. If recurring complaints arise from the equipment, you’ll investigate the issue and design solutions to address it.

Electrical engineer jobs can be found across many industries, from government agencies to aviation, technology and transportation. This profession is expected to grow at a faster rate than average pace of 5% from 2022 to 2032.

Getting an engineering degree

Engineering is a competitive and challenging major to pursue. However, it’s also a degree field that yields a higher median wage than other areas of study. How worthwhile an engineering degree is for you also depends on whether you opt for a specialized concentration.

Engineering offers the potential for high pay in the future, but before you get there, you’ll need to pay for college costs today. If you’ve exhausted grant and scholarship aid and need additional funding, consider an MPOWER Financing international student loan.   

MPOWER Financing names Jatin Rajput, global financial services executive and fintech investor, as Chief Financial Officer

Rajput’s experience as a CFO, M&A banker, management consultant, fintech VC, and board member will help MPOWER continue to scale volumes, systems, and processes. Outgoing CFO Rob Partlow is retiring from full-time work and will join MPOWER’s Board of Directors.

WASHINGTON, D.C., February 20, 2024 — MPOWER Financing (“MPOWER”), a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, today announced the appointment of Jatin Rajput as Chief Financial Officer (CFO). Rajput will step down from MPOWER’s board and will be replaced by Rob Partlow, MPOWER’s previous CFO, who is retiring from full-time work and will join MPOWER’s Board of Directors.

“Rob Partlow’s retirement from full-time work left big shoes for our next CFO to fill. MPOWER initially retained a search firm to find the best lend-tech CFO on the planet. One of our board members, Jatin Rajput, had the right mix of experience in fintech and SaaS, so we were delighted when he stepped forward as a candidate,” said Manu Smadja, CEO and co-founder of MPOWER Financing. “Jatin is already well-versed in MPOWER’s business and brings a proven track record across financial services, technology, and social impact; we are thrilled to welcome him to our executive team. His appointment comes on the heels of over $300 million in financing commitments from Goldman Sachs, Deutsche Bank, and Varde Partners, and he will continue to play a crucial role in scaling and maturing our Capital Markets engine and operating platform.”

Rajput joins as CFO after serving as an MPOWER board member since 2020. He is an accomplished executive with 25 years of experience driving strategy, M&A, and investments for both publicly traded and emerging global firms. Most recently, Rajput was CFO of Deskera, a B2B SaaS platform, and founded Ad-In Ventures, which invests in and advises fintech firms across the United States and Asia. Prior to that, Rajput was a Managing Director at Deutsche Bank for 12 years, during which he led corporate M&A and strategy and planning for the Americas and Asia Pacific. He started his career with Arthur Andersen, followed by management consulting with Marakon Associates in London, and served on a World Bank project in Afghanistan. His deep experience in international financial services, technology, and impact investing will be a vital asset as MPOWER rapidly expands globally. Rajput holds an MBA from INSEAD and is a Chartered Accountant from India, and serves as a strategic advisor to several growth companies. 

“As a former international student who has lived and worked in India, Singapore, Afghanistan, the U.K., and the U.S., my career would have been unattainable without access to student financing,” said Rajput. “As a board member, MPOWER’s mission to serve students across the globe captivated me. I look forward to applying my experience to help MPOWER grow and further democratize access to education.”

Outgoing CFO Rob Partlow will retire from full-time work and will join MPOWER’s Board of Directors after more than 33 years of experience in consumer finance and fintech.

“We’re excited to add Rob to our board during his well-deserved retirement,” said Smadja. “Under his leadership, MPOWER scaled its capital markets engine to cross $300 million in financing capacity and matured key processes across FP&A, Accounting, and Treasury.”

Prior to joining MPOWER, Partlow was EVP of Capital Markets and CFO of GreenSky Inc., a leading U.S.-based fintech firm providing frictionless point-of-sale promotional finance. Partlow managed GreenSky’s 2018 IPO while he was the firm’s CFO and Executive Vice President from November 2014 to September 2020. He later launched GreenSky’s loan sale program as Executive Vice President of Capital Markets. Before GreenSky, he served as CFO for Seneca Mortgage Management LLC, Fieldstone Investment Corporation, and Saxon Capital Inc., and additionally held various finance and accounting roles for SunTrust Mortgage Inc., Dynex Capital Inc., and KPMG.

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.

Health insurance for international students in the U.S.

Many international students get confused about shopping for health insurance abroad. Don’t worry! We’re here to help. The American health care system differs from other countries around the world. Let’s break down the basics of student health insurance so international students studying in the U.S. can understand it more easily.

Are international students required to have health insurance?

In the United States, international students on an F or M visa aren’t required by law to have health insurance, but many schools require students to have some type of plan. Some schools in the U.S. offer predetermined plans to make the process easier. While it might be convenient, it’s not always the most cost-efficient option or might not meet your health coverage needs.

Currently, there are four insurance requirement categories at U.S. universities. These options vary greatly from one university to the next and are set by your institution:

• • Mandatory: You must take the school’s insurance policy.
  • Mandatory with waiver: You must purchase the school’s plan unless you find an alternative that meets specific requirements set by your school. 
  • Mandatory choice: You’re required to have an insurance plan, but you can choose any plan that meets your school’s requirements. This is the most common type.
  • Optional: You can choose any plan you qualify for, and your school might not even require you to have a plan. 

If your school doesn’t require health insurance for international students, it’s still best to have a plan. Having a policy provides peace of mind so in the event that you become ill or injured, you have coverage! 

What are some of the key benefits students should look for in an insurance plan?

There’s a wide array of insurance plans available offering different coverage. The first step to identifying the key benefits is to look into your school’s requirements. You’ll gain a solid understanding of what your plan must cover.

Here are some key benefits that your plan cover should cover: 

• • Doctor visits
  • Hospitalization
  • Prescriptions 
  • Mental health 
  • Repatriation 
  • Emergency medical evacuation 

Without good coverage for basic medical needs, you may find yourself in financial trouble in the long run. 

It’s also crucial to identify hidden limits. Some insurance companies offer plans with sub-limits that limit the amount they will pay for treatment, even if your total plan limit is higher. For example, you might have US$100,000 coverage per hospitalization, but in the fine print, insurance will cover only US$500 per day.

What health insurance benefits are good to have but are not essential?

If you want or need more than just basic health insurance coverage, there are options. Some companies offer plans for international students that cover organized sports injuries, maternity and preexisting conditions. 

Most health insurance policies for international students focus on assisting with accidents and illnesses – and not providing preventative treatments. That’s why dental, vision, wellness, congenital disorders and self-inflicted and sport-related injuries are commonly excluded from student health insurance plans. These exclusions help keep the cost of insurance affordable.

Make sure the insurance you’re selecting fits not only your budget but also provides good coverage for your medical needs. To dive deeper into the nuances of international student health insurance, watch to learn more:

What’s the timeline to start looking for a health insurance plan?

It’s good to start looking and researching plans when you’re applying to schools because the cost of insurance will be included as one of the expenses you must cover in order to receive your I-20. However, some schools may require you to show proof of insurance for admission purposes. It’s always better to double-check with your school.

When should a health insurance plan start?

Choosing the start date for your plan is important. Most students choose to start their coverage the same month they begin classes. Make sure your insurance begins the day you arrive in the U.S. Some schools have specific date requirements that you need to take into account as well.

Where do I start exploring options for health insurance?

Having a choice when it comes to selecting health insurance is valuable. Fortunately, there are a wide array of plans available for foreign students. 

MPOWER Financing partners with qualified insurance providers to deliver comprehensive health insurance for you. Visit our Student Health Insurance page to learn more and explore available plans. 

Foreign students should prioritize health insurance for a worry-free academic journey abroad. Whether required by a school or not, having coverage is essential. When exploring insurance plans, focus on understanding plan benefits and matching them to your needs. 

International study programs: Computer science and information technology

New data technologies, like artificial intelligence and machine learning, are spurring demand for tech-savvy professionals in the workplace. For this reason, it’s no surprise computer science and information technology – two separate and related programs – are among the most popular international study programs for students from other countries who are studying in the U.S. 

With college costs into the tens of thousands of dollars, it’s important to understand what you might gain from investing in these academic programs before committing. Here’s an overview of what computer science and IT programs involve, the return on investment and career prospects. 

About computer science and IT programs

Computer science is a broad academic discipline, which includes IT as a specialty under its umbrella. Some schools offer these disciplines as a combined undergraduate program. Depending on your college or university, these might be separate areas of study. For example, your school might offer a Bachelor of Science degree in computer science and a Bachelor of Science in computer information technology. 

Computer science 

In general, computer science combines a theoretical and practical approach to computer technology and its systems. As a computer science major, you’ll learn about the various programming languages, like Javascript, Python, HTML, cascading style sheets (CSS), Structured Query Language (SQL). 

You’ll also gain knowledge about computing, computer theory and architecture, operating systems, and software engineering. Computer science includes courses such as introduction to programming, algorithms and data structures, and advanced mathematics. 

With a computer science degree you’re equipped to apply these concepts, algorithms and critical thinking skills toward computing problems in an organization. 

Information technology 

Information technology teaches you about the practical application and management of computing systems and networks. You’ll learn about information infrastructure and installing, setting up and maintaining various hardware and software. You’ll also learn programming languages and testing and troubleshooting techniques to solve real-world problems.

Program requirements vary by institution, but you might encounter courses, like internet technologies and computer architecture, in addition to their respective lab requirements. You might also be required to complete courses related to how humans interact with computers. 

Demand for computer science and IT degrees

In general, computer science and IT are top degree choices among international students. The 2023 Open Doors Report by the Institute of International Education revealed that in the 2022-23 school year, 240,230 international students chose computer science as their field of study. This figure accounts for 22.7% of students surveyed and was nearly a 20% increase overall compared to the previous academic year.

The demand for enrollment in computer science programs is so great that some schools are implementing ways to curb overcrowding in classrooms. The University of Michigan, for example, now requires undergraduates to submit a separate application into its computer science program. Acceptance into the program is not guaranteed.  

Based on the latest data from the National Center for Education Statistics, as many as 104,874 computer and information sciences bachelor’s degrees were granted in 2020-21. 

Computer science and IT return on investment (ROI)

The reward of earning your bachelor’s degree in computer science or IT can be different for everyone. You might choose these disciplines because of their future career opportunities or simply because you’re passionate about the subjects. Understanding the ROI from computer science and IT degrees can help you gauge how soon after graduation you might start seeing financial gains.

According to Education Data, students who earned a bachelor’s in computer science or information science saw a 40.3% ROI 10 years after graduation.

As you develop your experience, the ROI of a computer science and IT degree climbs exponentially:

• • 20 years: 229% ROI
  • 30 years: 482% ROI
  • 40 years: 823% ROI

According to Education Data, computer science and IT have the best lifetime ROI at 716.6%, outpacing other popular programs, like business finance, business accounting and electrical engineering.

Five schools with computer science and information technology programs from our list of over 500+ eligible schools*

To ensure a great long-term ROI, select your study abroad computer science or IT program from MPOWER’s list of 500+ eligible schools. MPOWER-eligible schools have rigorous curricula and high alumni earnings, ensuring MPOWER customers studying in the U.S. enjoy professional success after graduation.

Here are five MPOWER-eligible schools with top-ranking computer science and IT programs:

1. University of Southern California (USC)
2. Worcester Polytechnic Institute (WPI)
3. New York University (NYU)
4. University of Texas at Dallas (UTD)
5. Santa Clara University

Each program offers unique benefits for international students studying in the U.S. Santa Clara, located in Silicon Valley, and USC, partnered with tech giants like Google and Facebook to provide students with access to competitive internships and jobs. WPI, on the other hand, is a smaller east coast  school where students work closely with faculty and have ample opportunities for hands-on learning through WPI’s Project-Based Learning approach in the Boston area.

While hunting for your ideal computer science or IT program, narrow your list by clarifying what kind of educational experience you want. MPOWER-eligible programs offer a diverse selection of study abroad experiences. For the opportunity to fund your dream computer science or IT degree with a no-cosigner international student loan, choose your university from MPOWER’s list of +500 eligible schools.

*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 computer science and IT degrees

As complex technology and data systems evolve, the demand for talented and skilled professionals in computer science and IT will increase. The U.S. Bureau of Labor Statistics (BLS) revealed that data occupations are projected to grow rapidly through 2031.

Below are just a few popular career paths these degrees can unlock.

1. Machine learning engineer 

Machine learning is a subset of artificial intelligence (AI). As a machine learning engineer, you’ll research, design and run algorithms that help machines quickly identify patterns as new data emerges. 

Machine learning engineers are key in a range of industries, including manufacturing, finance and health care. According to Indeed salary data, the average base salary in the U.S. for this profession is US$161,531 per year.

2. Computer network architect

As a computer network architect, you’ll support an organization’s data communication network. This includes the planning and implementation of network systems and infrastructures, like intranets and local- and wide-area networks. You’ll also be responsible for testing and upgrading software, hardware and other systems. 

The BLS reports that the median annual wage for computer network architects is US$126,900. Demand for the profession is expected to increase by 4% through 2032. 

3. Computer and information research scientists

Computer and information research scientists are fixers. Through collaboration with data scientists and engineers, they design complex computing models to address computing problems within an organization. Additionally, they develop instructions that tell a machine how to function and analyze its performance. From their experiments, they explain their findings and provide recommendations for new or improved computing solutions.

Generally, a master’s degree is required to enter this profession, but a bachelor’s degree in computer science is a stepping stone toward this career. The median annual wage pay for this career is $136,620, with a faster-than-average job outlook of 23% by 2032.  

4. Computer and information systems manager

Computer and information systems managers are known by many titles, such as IT managers. These managers evaluate the current state of computer-related hardware and software systems. When needed, they identify upgrades and oversee their installation or implementation of these enhancements. Additionally, these individuals commonly manage a team of employees, such as software developers and IT support specialists.

The BLS reports that computer and information systems managers earn a median wage of US$164,070 annually. By 2032, it projects this profession to grow in demand by 15%.

5. Information security analyst

With a bachelor’s degree in computer science and information technology, you can enter the workforce as an information security analyst. In this role, you’ll evaluate an organization’s computer security practices and protections to ensure it keeps its data – and that of its clients and vendors – safe. You’ll investigate networks and the organization’s systems for security breaches. Then, you’ll propose solutions to prevent future attacks and establish data security protocol for the organization.

Information security analysts earn $112,000 per year, according to BLS data. Compared to the demand in 2022, employment for this position is expected to rapidly grow 32% by 2032.

Getting a computer science and IT degree

Computer science and IT are highly sought after programs, especially for international students wanting the best ROI potential from their education. However, it’s a competitive area of study to enter, with some schools limiting the number of students who can enroll in their program or additional requirements necessary to enroll.

If you plan on studying for a computer science degree in the U.S., make sure you have sufficient financial aid. MPOWER Financing offers an international student loan that can bridge the gap between your existing aid and the cost of a computer science or IT degree. 

5 things international students need to know about the Canadian health care system

Making the move to Canada for school is a major step – especially if you’re an international student. Aside from your school and studying, you’ll need to learn about this new country, including its health care system.

Before you make the big move, here’s what you need to know about the Canadian health care system and how it impacts you.

1. It’s universal

Canada has a universal, public health care system called Medicare. This publicly funded system comes from taxpayer dollars. Comprehensive coverage is available to everyone, with Medicare covering 100% of the population.

While there are other supplemental programs, like extra coverage for prescription drugs, dental care, eye care, rehab and some other programs, Medicare still covers the majority of vital health insurance for all.

2. There are regional differences

Because the government distributes funds to different provinces and regions, you may see differences in how a territory manages those funds. For instance, some indigenous populations face larger inequities compared to other regions and may need more government and social action than others.

3. It’s not completely free

Because it’s taxpayer-funded, residents pay for Medicare through their taxes, equating to about US$6,500.00 per person.

As an international student, you won’t pay taxes, but you may still have to cover other costs, like specific medications or procedures. You may also pay in the form of your time, since some Canadians face long wait times to see doctors and specialists. It doesn’t cover everything, and many Canadians have supplemental insurance, whether through private employers or other programs, to cover those extra needs.

4. You might have to wait awhile

A 2023 study done by the Fraser Institute found that the average wait time for a medical appointment was 27.7 weeks from referral to receiving treatment. And it varies widely based on the region in which you’re looking to get care, so it’s important to keep wait times in mind. 

If you’re looking for specialist care, you also may want to consider going to another country. It could help you avoid very long wait times to get the health care you need.

5. It’s still growing

Canadian Prime Minister Justin Trudeau is committed to improving the Canadian health care system. According to the Associated Press, last year, Trudeau’s administration proposed distributing CA$196 billion (or US$146 million) to territories and provinces to relieve some of the challenges they’re facing.

This addition would amount to about one-quarter of federal assistance to help territories. While short of the more than one-third they’re asking for, it’s an improvement from what they’ve been experiencing. 

Next steps

There’s a lot to learn when you move to a new country. Going to school is already a big step for international students, and getting sick or injured can be a lot to handle. It might help to be proactive. Try to find out what health care you’re eligible for as an international student and what you need to do for both preventative care and in case of an emergency.

Depending on where you live, you may have to wait longer (or shorter) for health care compared to other regions and territories. And you might have to get additional coverage for other health-related needs, depending on your circumstances. 

Ask your school if you have resources available to you as a student and specifically as an international student. Find out what you need before you need it. That way if something comes up, you’ll know the steps to take to get proper care. 

Health care isn’t always easy to navigate, especially when you’re in a foreign country and aren’t familiar with the laws and processes. Take some time to learn how the Canadian health care system can and will impact you during your stay in the country. 

You may want to sign up for an international health care plan but have peace of mind knowing that if something were to happen, you’re 100% covered in case of an emergency.

5 tips for excelling in computer science studies as an international student

Studying computer science as an international student in the United States presents a unique set of challenges and opportunities. Here are some tips for navigating computer science studies abroad.

1. Master the basics: Build a strong foundation

Understanding the core principles of computer science is crucial. Solidify your grasp on programming languages, algorithms and data structures early on. A robust foundation will serve as a springboard for more advanced coursework. Use online resources to enhance your foundational knowledge or get ahead on topics that you struggle with academically.

2. Leverage campus resources: Join coding clubs and study groups

Engage with the computer science community on your campus. Join coding clubs, study groups or participate in hackathons. Collaborating with peers not only enhances your learning but also provides valuable networking opportunities. Platforms like Meetup can help you find local coding events and groups.

3. Stay informed: Follow industry trends and technological advance

Computer science is a dynamic field that evolves rapidly. Stay abreast of industry trends, emerging technologies and advancements. Subscribe to relevant publications and attend conferences to remain informed and inspired.

4. Seek guidance: Establish relationships with professors and mentors in the computer science industry

Forge meaningful connections with professors and mentors who can help you navigate complex coursework and understand potential career paths. Don’t hesitate to seek advice on academic and professional matters. Platforms like LinkedIn can help you connect with professionals in your field.

5. Time management: Prioritize and plan effectively

Computer science programs can be demanding, requiring effective time management. Create a realistic schedule, prioritize tasks and allocate dedicated time for studying, coding practice and project work. This discipline is key to excelling in your studies. 

Funding your computer science education: Exploring loan options

Securing funding is a crucial aspect of international education. When scholarships and personal finances are not enough, consider exploring loan options. International students can often access student loans to support their academic endeavors. Explore options with private student loan lenders like MPOWER Financing.

MPOWER Financing understands the financial needs of international students and offers fixed interest rates and a discount for automated payments. MPOWER student loans are designed to alleviate your financial worries and support your upskilling and future career in computer science.

One of the significant hurdles you may face is finding a cosigner for an education abroad loan. MPOWER Financing understands this struggle. With MPOWER,  you have the opportunity to secure your loan independently – no cosigner or collateral required.

Next steps: How to thrive in computer science studies

Thriving in computer science studies as an international student requires a combination of academic dedication and strategic planning. Master the essentials, leverage campus resources, stay informed about industry trends, cultivate relationships and manage your time wisely. 

When needed, explore viable loan options like those offered by MPOWER Financing  where your future earning potential and career trajectory in STEM drive loan application offers. By tackling coursework, career work and your financing you can navigate the challenges and make the most of your educational journey in computer science.

What to do when your Canadian student visa is delayed

Going to school in Canada as an international student means you’ll need to first complete an application for a Canadian visa with Immigration, Refugees and Citizenship Canada (IRCC). Even now, Canada’s immigration system is facing a backlog, and there’s a chance your application could be delayed.

If you haven’t yet applied for a visa and want to expedite the process, potentially avoiding long delays, consider the Student Direct Stream (SDS) program. Our partner TD Bank can help you meet the requirements for the SDS expedited study permit. Learn more here.

Here’s what to do if your Canadian visa is delayed.

1. Check your application status

When you’re completing your application, make sure you follow all the requirements, including providing any fingerprints and photos. Remember you’ll also need to pay the required fee to process your application.

Some things in your application could delay an application, such as:

• • Security and medical screenings
  • Lack of applicant communication
  • Delay in applicant responses
  • A pending interview

There’s also a chance that with a high number of applicants, the IRCC is just behind in processing. But it’s important to make sure you’ve covered all your bases early on in the application process so you don’t cause any delays on your part.

Use the IRCC application status tracker by creating a new account – different from your application account – to check your application status. Keep in mind that when you send in your application and when processing starts are not the same, so your status may not show up right away.

2. Contact the IRCC

If you’re not getting answers to your questions online, reach out to the IRCC. You can make an appointment at a location near you to talk to someone in person about your application. This might be an option if you already live, work or study in Canada. There are also offices all over the world if you’re outside Canada and applying for a visa for the first time.

It may help to fill out an online web form or call a customer care center and keep documentation of your calls. That way you’ll have a paper trail and call log in case you need it. This might help if you have to take the next step of finding legal representation for finding out what’s causing the delay with your visa and application.

3. Get legal help

Hiring an immigration lawyer might be an option, especially if you’ve experienced longer than normal processing times for your visa. You may have to apply for an Order of Mandamus. These orders are heard by officials in federal court who determine if the IRCC is causing unnecessary delays to your application. If they are, the IRCC could be compelled by the court to complete the process.

Next steps

If you’re worried about Canadian student visa delays, take some important steps. First, make sure your application is completed to the best of your ability and there’s nothing on your end holding up the process. 

If you’re starting to face delays, reach out to a local IRCC office or call customer support to find out if there are any outstanding issues you weren’t able to independently find. If you’re still running into issues, you may want to get legal counsel and hire a lawyer. An immigration lawyer can help guide you through the process if your visa gets delayed. Even though this could be an additional expense and more time spent on application issues, it might be your only hope of getting your visa application completed. 

It’s not easy dealing with visa delays, regardless of where you’re from or going. Completing your application as soon as possible is important to getting results before major deadlines approach. You may want to contact your school to see if they have any additional guidance or options for your unique situation or ways to help international students who seek study permits in Canada.

 

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FREQUENTLY ASKED QUESTIONS

How can I check the status of my Canadian student visa application?

You can easily check your Canada visa status by visiting the official IRCC website. Just have your unique application number and personal details ready for updates.

When should I contact the IRCC about my visa delay?

Reach out to IRCC regarding your visa delay if it’s been longer than the estimated processing time given on their website for your visa type. This is important if you haven’t received any updates for a while or if a delay might affect important plans, like an upcoming trip.

Medical school loans for international students

If you’re an international student planning to apply to medical school in the United States, you may find the costs daunting. Besides using savings and scholarships to cover expenses, you can also apply for medical school loans to close the gap. 

Here’s a closer look at your options, including tips for comparing international student loans and how to apply for one. 

How much does medical school cost?

Earning your medical degree can lead you to a fulfilling and lucrative career, but the journey to get there may be expensive. According to data from the Association of American Medical Colleges, the average cost for medical school is US$257,892 at public schools for nonresidents and US$264,704 at private institutions. 

Medical school students also have a variety of additional expenses that students in other programs may not. Some of these include: 

• • MCAT fees and prep: The MCAT is the entrance exam to medical school. It costs US$330 to register for the test. Plus, you may spend hundreds or even thousands of dollars on MCAT prep programs to help you get a good score.
    
  • Medical school application fees: If you apply to medical schools through the AAMC’s application service, you’ll pay US$175 for your first school and US$45 for each additional school. Application fees for schools not in the AAMC system will vary.
    
  • United States Medical Licensing Examination (USMLE) fee: This multistep exam is taken before and during your residency. The fees for all three steps add up to nearly US$2,300. 

On top of your school’s tuition and fees, you’ll also have to factor in textbooks, supplies and general living expenses, including housing and food. 

How to pay for medical school

As you consider ways to pay for medical school in the United States, here are some sources of funding that could help: 

• • Grants and scholarships: Grants and scholarships are a type of gift aid that you can put toward medical school and generally don’t have to be paid back. While international students aren’t eligible for federal grants because they’re not U.S. citizens, they can still apply to opportunities from private organizations. Plus, your school may offer institutional financial aid to lower your costs.
  • Savings: If you or your parents have savings earmarked for your education, you could put that money toward your medical school costs.
  • Income: Earning money from a part-time job can also help offset your living expenses. Students with an F-1 visa can work up to 20 hours on campus while school is in session.
  • International student loans: Borrowing funds to pay for medical school is also an option. You’ll have to pay back the amount you borrow with interest, but you may be able to defer or make reduced payments while you’re in school and for a few months after you graduate (see information about MPOWER Financing international student loans).

 

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Where to find medical school loans for international students

Nearly three out of four students take out student loans for medical school, according to the AAMC. While international students are not eligible for federal student loans, they can find medical school loans from private lenders.

Each lender sets its own rates, terms and eligibility requirements. For example, some lenders require that international students apply with a cosigner who’s a U.S. citizen or permanent resident. Others have strict credit and income criteria, which can be tough to fulfill if you don’t have a credit history in the U.S.

MPOWER Financing offers medical school loans

MPOWER Financing makes the process easier by providing medical school loans for international students, no cosigner or collateral required. You can borrow from US$2,001 to US$100,000 on your own, without having to enlist anyone else to share your debt. 

MPOWER’s student loans have fixed interest rates, so you can estimate your borrowing costs upfront and won’t have to worry about your rate increasing in the future. As you pay your loan back with timely payments, you can also build your credit in the U.S.

Along with providing student loans for medical school for international students, MPOWER Financing also offers visa support and career guidance. MPOWER Financing supports students at more than 500 schools in the U.S. and Canada. 

How to compare medical school loans

Before applying for a student loan, it’s worth learning the basics on how student loans work and then shop around and compare your options. Here are some loan features to consider as you search for the best loan for you. 

• • Interest rate: Finding a competitive interest rate is a top priority, as it can reduce the amount you pay over the life of your loan. You may also prefer a fixed interest rate, which stays the same, over a variable one, which can fluctuate with market conditions. Plus, find out if the lender offers any opportunities for interest rate discounts.
  • Fees: Along with comparing interest rates, find out if the lender charges any fees, such as an origination or administrative fee, that could make one loan more expensive than another.
  • Repayment terms: Find out how long you have to pay back the loan and when your first payments are due. For instance, some lenders offer a grace period while you’re in school. 
  • Monthly payments: Estimate your monthly payments on your student loan and consider whether they’ll fit into your projected future budget. With MPOWER Financing loans, you can visit our Get a Loan page and scroll down to see our loan payment calculator to crunch the numbers.
  • Financial hardship protections: It’s also worth seeing if the lender offers any flexibility if you run into trouble paying your student loans down the line.
  • Cosigner requirements: Finally, consider whether the lender requires you to apply with a U.S.-based cosigner and whether that approach would work for you. 

How to apply for a medical school loan for international students

The application process for medical school loans will vary by lender, but these are the general steps you’ll want to take: 

• • Research lenders: Put together a list of lenders that provide student loans for international students. Compare what they offer to determine which lender would be best for you.
    
  • Prequalify, if the option is available. Some lenders let you prequalify for a loan, so you can check your rates and terms with no obligation or impact to your credit.
    
  • Fill out an application. Once you’ve chosen a loan, you can fill out an application with your personal and financial details. You’ll likely need to provide some documentation to verify your identity and medical school enrollment. If you’re applying with a cosigner, that person will need to provide their information, too.
    
  • Receive your loan: Your lender may send your loan to your school’s financial aid office. After applying the money to tuition and fees, the office will send the remaining amount to you to use on living expenses and supplies. 

As you can see, it takes some work to find and apply for an international student loan. Start the process early so you get approved in time for your upcoming semester.