Can I get an internship as an international student?

Working as a college intern can be a springboard to your future career. You can gain real-world experience and hands-on training while building a network in your dream field. But what if you’re an international student?

As an international student, you can apply for an internship as long as it meets the requirements of your student visa. Here’s what you need to know about the eligibility requirements for internships as an international student. 

What’s required to get an internship as an international student? 

If you’re an international student, chances are you’re studying in the United States on an F-1 student visa. Your visa allows you to work an internship during or after school, but you’ll need to get work authorization first.

Specifically, you’ll need to get approved for Curricular Practical Training (CPT) or Optional Practical Training (OPT). 

What is CPT and how does it affect my internship? 

Curricular Practical Training (CPT) lets you gain practical experience by working an internship or taking part in cooperative education during the school year or on summer break. Your employer will set up an agreement with your school to authorize part-time or full-time work. 

The internship must be related to your major and required to complete your degree. If the internship is optional; however, you may still be able to complete it through CPT if you receive college credit. 

You’ll need to secure the internship before applying for CPT. Another requirement is that you’ve already studied as an F-1 student for at least a year and are enrolled at a Student and Exchange Visitor Program (SEVP)-certified school. 

Note: If you work full time for 12 months on CPT, you’ll no longer be eligible for OPT. 

What is OPT and how does it affect my internship? 

Optional Practical Training (OPT) can also authorize you to work an internship before or after you graduate. You can intern up to 20 hours per week while in school or full time during the summer or after you’ve earned your degree. 

Unlike with CPT, the internship doesn’t have to be required for your academic program, but it should still relate to your major. You can usually work under OPT for up to 12 months, though STEM majors may qualify for a 24-month extension. 

As with CPT, you’ll need to study for at least a year before you can get authorization through OPT. For this program, you’ll need a Form I-20 with a school official’s recommendation for OPT. You’ll also file Form I-765 with the United States Citizenship and Immigration Services (USCIS). Once USCIS sends your Employment Authorization Document (EAD), you’ll be authorized to work your internship.

Contact your designated school official (DSO)

You don’t need to memorize the ins and outs of CPT and OPT to work an internship in the U.S. If you’re interested in an internship, reach out to your designated school official for guidance on the next steps to take. 

Your DSO can advise you on how to get the appropriate authorization, whether CPT or OPT, as well as the rules you must follow to maintain your student status. 

How to find an internship as an international student 

Here are some steps to help you find an internship as an international student:

• • Consider your career interests and goals: Before you start searching, consider what your professional goals are and what kind of internship would help you achieve them. Look for an internship that relates to your major and will give you hands-on experience for your future career.

• • Talk to professors and students: Relying on your network of professors and fellow students can help you find opportunities for internships. For instance, find out if your advisor has any suggestions or ask for recommendations in an online student forum.

• • Rely on your school’s resources: Your school’s career services department and international student services office can also point you in the right direction when it comes to finding an internship as an international student. 
  • Use internship search websites: There are a number of websites for finding internships, including LinkedIn, Glassdoor and
    Idealist.org.
    
    If you have an MPOWER Financing student loan, you have access to MPOWER’s free Path2Success career support services, including:
    • A guided internship and job search tool for F-1, OPT and H-1B visa-sponsored roles
    • A resume builder to match targeted job requirements
    • Job or internship application support with profile and skill set match
    • A directory of F-1 eligible job roles for STEM and non-STEM degrees

• • Reach out to organizations directly: If you have a specific company or organization in mind, reach out to its human resources department over the phone or email and ask about internship opportunities. Even if the company isn’t actively advertising an opening, it’s worth expressing your interest and making the connection.

• • Build your resume: It’s important to have a well-formatted and concise resume once you start applying to internships. Your career services office can help you build your resume or offer feedback on your current version. For more guidance, check out these resume writing tips for international students.

• • Write a thoughtful cover letter: You may also need to send a cover letter when you apply for an internship. Your cover letter will explain who you are and why you’d be a good fit for the role. Focus on your strengths, skills and passion for the company and its mission. 

Final thoughts: Internships for international students 

Working an internship can be an invaluable way to gain new skills, build your network and improve your job prospects after graduation. As an international student, you’ll need to obtain work authorization through CPT or OPT before you can start interning. Reach out to your designated school official for guidance on how to obtain the proper authorization. 

Both CPT and OPT can also authorize you to work as an international student. If you’re more interested in a job than an internship, learn more with this guide on working in the U.S. as an international student. 

International study programs: Civil engineering

In pursuing your master’s degree in civil engineering, you’ll learn technical skills required to plan and design buildings and infrastructure that communities use, and you’ll ensure they’re effective, safe and meet regulatory standards.

If this sounds like a rewarding area of study, learn what a civil engineering graduate program entails and whether you’d like to pursue it to build your career as a postgraduate international student.

About civil engineering programs 

Civil engineering is among the most popular international study programs available to postgraduate students. Many U.S. colleges and universities offer advanced degree programs in civil engineering. Depending on the institution, you might have the option to choose between a Master of Science degree or a Ph.D. Certain programs offer different specializations, like structural and earthquake engineering, civil engineering materials and transportation engineering.

Courses you might be required to take include: 

• • Civil engineering and infrastructure
  • Civil engineering drafting
  • Ethics in civil engineering
  • Engineering surveying
  • Probability and statistics for engineers

Your program might also include a capstone or thesis requirement. 

At many schools, like Cal State LA, learning outcomes upon completing your master’s in civil engineering include developing a specialized foundation in one of many disciplines, like geotechnical or transportation. Your education should also equip you with leadership, critical thinking and problem-solving skills in preparation for work in the public or private sector.  

Completing a civil engineering graduate program typically helps your eligibility for a professional engineer’s (PE) license to practice engineering in the real world. 

Demand for civil engineering degrees 

According to the U.S. Bureau of Labor Statistics, civil engineer professions are expected to grow. Between 2022 and 2032, jobs in civil engineering are projected to grow 5%, faster than the average 3% job growth for all occupations.

Due to this anticipated workforce demand, it’s no surprise that engineering is the second-most sought after field of study among international students. According to the Institute of International Education’s Open Doors report, 202,801 international students studied engineering in the 2022-2023 academic year.

Civil engineering master’s degree ROI

Determining the return on investment (ROI) for a master’s degree in civil engineering can help you decide whether this graduate program is right for you. Generally, completing a science, technology, engineering or mathematics (STEM) program shows some of the best ROI, compared to other areas of study. 

The type of university you attend and degree level also contribute to the ROI for a civil engineering graduate program. The American Society of Civil Engineers found that engineers with a master’s degree earned almost US$14,000 more than those with only a bachelor’s degree.

Getting your PE license after graduating from a master’s in civil engineering can also increase your salary potential, if you plan on working in the U.S., according to the U.S. Bureau of Labor Statistics.

5 jobs you can get with a civil engineering degree

If a graduate degree in civil engineering is on your top list of international study programs, the next step is understanding the type of work you can get with a civil engineering degree. Below are just a few examples of possible occupations and their pay, according to data updated June 6-18, 2024 by Glassdoor. 

1. Transportation engineer

Annual base pay range: US$68,000-US$110,000

Annual average salary: US$86,252

As a transportation engineer, you’re in charge of planning and designing various types of transportation infrastructure. This includes transportation systems, like highways, bridges, roads and ports. Some of the tasks under this job include gathering environmental, population and economic data. 

You’ll also identify travel patterns, provide solutions for anticipated challenges, write technical documentation on how to properly maintain and troubleshoot the infrastructure, and ensure projects meet regulation and compliance criteria.  

2. Structural engineer

Annual base pay range: US$81,000-US$115,000

Annual average salary: US$96,448

Working as a structural engineer involves planning, designing and analyzing the strength and safety of a structure. This might involve evaluating the materials used for the project, monitoring project progress and determining project constraints. 

You’ll also account for the project’s impact on the environment and vice versa. For example, if designing a beachfront hotel, you might consider flood zones or salt damage to materials used. Based on your specialized knowledge, you’ll work alongside other engineers and support teams to ensure that the structure is stable and work is performed safely.

3. Traffic engineer

Annual base pay range: US$75,000-US$121,000

Annual average salary: US$96,139

A traffic engineer plans and designs transportation systems, specifically the infrastructures that support it. This includes traffic control, safety features and lighting. They bring attention to potential safety issues, define capacity restrictions and oversee the general project operations.  

4. Design engineer

Annual base pay range: US$88,000-US$141,000

Annual average salary: US$111,309

Design engineers interpret the customer’s needs and collaborate with various network engineers to support the customer’s vision. They use computer-aided design and computer-aided engineering to create 3D models and blueprints of a project. They lead tests against the prototype and address constraints when improving the design.

Like other engineers, they’re responsible for ensuring that the design also takes safety, regulations, timeline and budget into account.

5. Public works director

Annual base pay range: US$114,000-US$181,000

Annual average salary: US$143,501

If you’re looking for a profession where you can leverage your excellent communication and leadership skills, working as a public works director might be for you. This requires a deep engineering background, but operates more in an administrative capacity.

You’ll be responsible for multiple teams within a project, some of which include stakeholders who might not have the technical understanding of an engineer. This is where you’ll need to effectively translate engineer-speak regarding  plans, challenges and progress in layman’s terms. As a public works director, you’ll also lead hiring, drafting proposals and setting budgets for each project.

Final thoughts: Getting a civil engineering degree

A master’s degree in civil engineering can help you specialize in a discipline you’re passionate about. Engineering ranks as one of the top graduate programs in terms of ROI, but before reaping the rewards of a high-paying career, you’ll need a plan to pay for school. 

Explore scholarship and grant programs from your institution and other sources to help keep your out-of-pocket cost as low as possible. If you still need additional financing for graduate school in the U.S. or Canada, a private student loan might help. 

See how an MPOWER Financing loan can help you finance your civil engineering degree.

 

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International study programs: Artificial Intelligence

The field of artificial intelligence (AI) has risen in mainstream popularity thanks to generative AI tools like ChatGPT. 

The anticipated demand for advanced AI knowledge makes a postgraduate degree in artificial intelligence a worthwhile degree program option. Learn more about this specialty popular international study program in computer science below.

About artificial intelligence programs 

According to PricewaterhouseCoopers, AI could drive an increase in the world’s total economic gains by as much as 45% by 2030. 

Although some U.S. universities offer artificial intelligence as a bachelor’s degree, you’ll typically find in-depth academic AI programs as a master’s degree. Master’s AI programs are typically provided by the school’s Department of Computer Science and typically require 12 to 24 months to complete, according to Coursera. 

All artificial intelligence programs differ in their features and coursework. Some AI master’s programs offer multiple tracks for students to choose from, like machine learning, AI policy and management, vision and graphics and robotics.

The goal of an AI master’s program is to demonstrate your competence in complex artificial intelligence on a theoretical and applied level. Graduate-level courses might include statistical analysis, ethics in AI, deep learning and more. Most programs also require you to complete a thesis or capstone project as part of their master’s program requirements. 

Demand for artificial intelligence degrees 

Artificial intelligence degrees are a growing curriculum within U.S. higher education. Data USA reports that 712 graduate students were awarded a degree in artificial intelligence in 2022, the latest year for which data is available. While that figure might appear low, it may be due to the limited number of students accepted into AI master’s programs. 

For example, some of the most prestigious AI master’s in artificial intelligence programs only accept about 40 students per year. 

Many U.S. colleges and universities, however, are anticipating the high demand in this field of study by developing new AI degree programs, hiring faculty who are knowledgeable in computer science and AI and initiating on-campus construction of AI research centers.  

AI master’s degree ROI

Although applying for an AI graduate program is competitive, its return on investment (ROI) can be worth it for international students. Graduating students with a master’s degree in a computer science field experience more than a US$900,000 increase in their net lifetime earnings, according to The Foundation for Research on Equal Opportunity.

Five schools with artificial intelligence programs from our list of over 500+ eligible schools*

As AI programs pop up at universities across the U.S. and Canada, it may be hard to know which programs will offer the most robust and leading-edge education. To find the right school for studying AI in the U.S., you can check out MPOWER’s list of 500+ eligible schools.

To get you started, here are five MPOWER-eligible schools that offer degrees in the growing field of artificial intelligence:

1. Northeastern University

Situated in the tech-forward city of Boston, Northeastern’s AI program teaches students to design, develop and maintain AI systems while developing a professional network. Northeastern’s co-op program allows students to work at top companies, like Google and IBM, and research labs during their studies.

2. University of South Florida (USF)

USF offers a diverse array of AI programing for students studying in the U.S., from AI courses through the Department of Computer Science and Engineering, to a fully-online AI Grad Certificate, to a Master of Science (MS) in Artificial Intelligence and Business Analytics, to a world-class research and development institute dedicated to AI.

3. Arizona State University (ASU)

ASU offers an MS in robotics and autonomous systems with an AI concentration and is a leader in AI research and education. The university also integrates AI with fields like engineering, healthcare and business, such as through the business school’s MS in Artificial Intelligence in Business.

4. Illinois Institute of Technology (Illinois Tech)

At Illinois Tech, international students studying in the U.S. can dedicate themselves to exploring topics such as machine learning, computer vision, natural language processing and data analytics. Illinois Tech’s Master of Artificial Intelligence program emphasizes making a positive impact through AI.

5. Stevens Institute of Technology

Stevens’ applied artificial intelligence master’s program uses a hands-on learning approach to provide students with a blend of software and hardware skills. Students can choose from several concentrations. Located just across the river from New York City, graduate students can intern with companies developing groundbreaking new technologies in the AI sphere.

MPOWER-eligible schools have some of the most developed and fastest-growing AI programs nationally, providing the best education for international students studying in the U.S. MPOWER’s algorithm assesses the strength of accredited colleges and universities, enabling MPOWER to partner with only the best programs in the U.S. and Canada.

To kickstart your career in this expanding field, check out MPOWER’s list of 500+ 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 an AI degree

The application of AI and how its results are used in the workplace vary between industries. Below are just a few occupations that you can pursue with a graduate degree in artificial intelligence and their pay ranges, updated June 6-17, 2024, according to Glassdoor. 

1. Natural language processing engineer 

Annual base pay range: US$104,000-US$141,000

Annual average salary: US$121,385

If you’ve ever used the auto-correct feature on a smart device or had Gmail automatically sort your email messages into categories, chances are you’ve encountered natural language processing (NLP). 

As an NLP engineer, you’ll train computers to understand human communication. You’ll develop NLP systems that aid in speech pattern recognition and program a computer to process and analyze speech patterns. You’re also responsible for analyzing NLP systems results and making optimizations or corrections as needed. 

2. Deep learning engineer

Annual base pay range: US$94,000-US$152,000

Annual average salary: US$119,811

Deep learning teaches computers how to process and interpret data in a way that mirrors the human mind. As a deep learning engineer, you’ll develop deep learning models that identify complex data patterns in images, text and sound. An application of deep learning, for example, is when your smartphone transcribes a voicemail into text for you.

You’re responsible for ensuring the deep learning systems you’ve created can handle complex data and practical applications efficiently. 

3. Machine learning researcher

Annual base pay range: US$105,000-US$175,000

Annual average salary: US$135,296

The other specializations discussed above, machine learning is a subset of artificial intelligence. Using a massive amount of data, machine learning trains systems on how to execute tasks and solve complex problems the way a human might behave.

Machine learning researchers typically analyze large data sets, create machine learning models, perform signal processing and alpha research, and analyze results to improve results and predictions. For example, your research and work might be used to enhance the accuracy of facial recognition on social media, or identify underlying behavior patterns in an e-commerce user account for hyper-targeted product marketing.

4. Data scientist 

Annual base pay range: US$90,000-US$140,000

Annual average salary: US$112,121

As a data scientist, you might use machine learning to gather large data sets and analyze them. The insights you gain with the help of AI can help you interpret business results and predict future outcomes toward a company’s objectives.

5. AI research scientist 

Annual base pay range: US$71,000-US$129,000

Annual average salary: US$94,889

AI research scientists are responsible for developing advanced AI systems and models. They stay up to date with the latest algorithms and techniques in AI by designing and testing models for machine learning and deep learning systems.

They often work alongside computer programmers to ensure the algorithms they design are accurate and reliable. Some AI research scientists might also share their research in professional AI journals and publications.  

Final thoughts: Getting an artificial intelligence degree

Creating a plan for how you’ll pay for graduate school is likely just as important as deciding whether an AI degree is for you. Although federal financial aid for study in the U.S. might be limited as an international student, you still have options to support your education. 

Some private lenders recognize that students who pursue a STEM-based graduate program, like artificial intelligence, go on to acquire lucrative professional careers. For this reason, enrolling in an AI master’s program might help your chances of getting a private student loan.

If you need additional financial aid to help pay for your AI degree program, learn how an MPOWER Financing education loan can help.

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International study programs: Data modeling

Exploring an advanced education in data modeling lets you harness your love of mathematics, statistics, science, business and technology into a practical in-demand career. 

If you’re researching popular international study programs in mathematics, learn how data modeling graduate programs work, the demand for this degree and possible job paths beyond school.

About data modeling programs 

Unlike broader academic programs, like computer science or engineering, that are widely available at most institutions, not all schools offer a data modeling degree. If a U.S. university offers a data modeling program, it’s typically provided by a STEM department, like mathematics or engineering. 

These are generally postgraduate-level programs, such as a master’s degree or post-baccalaureate certification. Most data modeling students take one to two years to complete their program.

Examples of courses you might encounter in a data modeling program, include:

• Ordinary differential equations and applications
• Machine learning
• Linear dynamical systems 
• Decision support systems for operations
• Data mining techniques 

While pursuing a data modeling education, learning outcomes you can expect include developing a grasp of data science strategy and techniques, analyzing data and developing action-based insights in support of an organization’s objectives.

Demand for data modeling degrees 

In 2022, 2,223 students (71.8%) were awarded master’s degrees in data modeling, warehouse and database administration, according to Data USA. By comparison, 495 (16%) students completed a bachelor’s program in data modeling, and 217 (7.01%) students received a post-baccalaureate certificate in data modeling during the same year.

As big data continues to become more sophisticated, occupational demand for graduates with a data modeling background is expected to rise. The U.S. Bureau of Labor Statistics projects an 8% growth rate among database administrators and architects from 2022 to 2032 which is faster than average. 

Data modeling master’s degree ROI

A science, technology, engineering and mathematics (STEM) field of study offers among the highest return on investment (ROI) for graduate degree or certificate earners. The exact ROI you can expect as a data modeling student depends on many factors, like your institution and program type (e.g., master’s versus certificate program).

According to Education Data, the average cost of a master’s degree is US$59,684. By comparison, the average graduate certificate cost is notably less; for example, Cornell University’s online data science modeling certificate costs US$3,600. A master’s degree can take two years to complete, compared to a few months for a certificate. 

Compare this time and cost investment to the potential earning increase with a graduate education. The Foundation for Research on Equal Opportunity found that the ROI of a majority of master’s degrees in computer science, mathematics and engineering had an ROI above US$1 million. By comparison, the ROI across all master’s degree programs is US$83,000. 

Five schools with data modeling programs from our list of over 500+ eligible schools*

To get the best outcomes from your data modeling degree, consider studying in the U.S. at one of MPOWER’s 500+ eligible schools. Here are five MPOWER-eligible schools with some of the most popular data modeling programs in the U.S.:

1. Northeastern University

2. George Mason University

3. Pennsylvania State

4. University of St. Thomas (Minnesota)

5. DePaul University

MPOWER is invested in your success; that’s why MPOWER eligibility considers the best universities across the U.S. and Canada. Beyond helping you fund your study abroad journey in the U.S. through no-cosigner, no-collateral student loans, MPOWER can also point you toward the best data modeling program for you.

Check out MPOWER’s eligible schools for a list of colleges and universities rigorously evaluated on criteria like employment rate and alumni earnings. To start studying in the U.S. at one of MPOWER’s top schools, apply for an international student loan now.

*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 data modeling degree

The occupations that are possible with a data modeling degree are vast. Although each job varies in their specific duties, they share some similarities, like having experience with language software systems and conducting data analysis in your day-to-day work. 

Here are a few jobs you can get with a data modeling degree or certificate, including salary ranges updated June 6-12, 2024, according to Glassdoor. 

1. Business intelligence developer

Annual base pay range: US$83,000-US$116,000

Annual average salary: US$98,014

Business intelligence (BI) developers are responsible for maintaining data systems that are used to gather, organize and analyze an organization’s business intelligence data. They must be skilled at understanding the business objectives of the organization to successfully design databases and dashboards that support its goals.

In addition to being adept at interpreting the goals of the organization, BI developers must be keenly aware of how to tell a compelling story with data visualization. Although each organization’s requirements vary, BI developers typically are experienced with different systems, like Agile, Python and SQL. 

2. Data modeler

Annual base pay range: US$86,000-US$129,000

Annual average salary: US$105,177

Data modelers use various databases, like NoSQL, to design customized data models for a business’s enterprise information management system. They interpret business needs and create modeling solutions, establish internal data coding practices and optimize data systems for efficiency and reliability. 

Data modelers must also have strong communication skills as the role might require communicating modeling solutions and results to internal inter-departmental stakeholders. A senior-level data modeler might act as a project lead for certain projects while also assessing data integration roadblocks and offering strategic solutions. 

3. Data governance analyst

Annual base pay range: US$87,000-US$139,000

Annual average salary: US$109,570

A data governance analyst oversees how well a company maintains secure data practices. They create and evaluate the organization’s data procedures for integrity, security, accessibility and accuracy. 

Data governance analysts also must ensure that the frameworks they create also adhere to compliance and regulatory requirements. For example, in the healthcare industry they’re responsible for establishing data policies that protect patients’ personal information under the U.S. Health Insurance Portability and Accountability Act (HIPAA).

4. Quantitative risk modeling analyst 

Annual base pay range: US$89,000-US$147,000

Annual average salary: US$114,119

Quantitative risk modeling analysts are a vital part of risk management within an organization. These skilled individuals apply mathematical techniques to data, analyze the results and project a business’s or project’s financial risk. This includes loss and threat event frequencies and vulnerabilities, and loss magnitude with detailed primary and secondary losses. 

You’ll design data models and simulations to arrive at your results. These findings give key stakeholders insight into the best- and worst-case outcomes and the likelihood of each event occurring.

5. Enterprise data architect

Annual base pay range: US$118,000–US$177,000

Annual average salary: US$144,394

Enterprise data architects help companies scale their databases across multiple markets. They determine the employee and business needs of the organization to create and manage an expansive data network that engineers can then build on.

Additionally, they lead research and optimization techniques to enhance data flow throughout the database. These key team members must be proficient in various software programming languages and typically have past experience as a consultant.

Final thoughts: Getting a data modeling education

Completing a data modeling master’s degree or postbaccalaureate certification can support you toward a lucrative career working with data and statistics. 

If you need additional financing to pursue a data modeling program, an international student loan might be a solution. Private education loan lenders tend to view STEM-related areas of study favorably. 

Learn how an MPOWER Financing education loan can help.

 

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Q&A: How can I show proof of funds for my U.S. visa application?

As an international student, receiving admission to a school abroad is only half the journey. Before booking tickets and saying farewell to friends and family, you need to ensure you can enter, stay and study in the U.S. legally.

To receive this permission, you’ll need to submit several documents, showing proof of funds. Financial documents like this can be tricky, but don’t worry – we’ll guide you through what proof of funds means and how and when you’ll need to show it.

Q: What does proof of funds mean? 

First, let’s break down the purpose of a proof-of-funds document. Every prospective student on an F-1 or M-1 student visa must demonstrate they have the financial resources to support their studies in the United States. This typically includes income to cover the cost of tuition, books, living expenses, travel and other related costs. 

A proof-of-funds document, which is sometimes called a visa support letter, guarantees that you can cover these expenses during a specific period. Without this documentation, your designated school officials (DSOs) cannot issue a Form I-20, which is essential for applying for a student visa and securing a visa interview.

Q: What documents can be used for proof of funds?

A variety of documents can serve as proof of funds or financial evidence, including but not limited to:

• • Bank statements: These should show a balance that covers your tuition and living expenses. The statements should be recent – within the last three months.
  • Sponsor’s documentation: If a family member or other individual is sponsoring you, their letter should state their commitment to cover your expenses and include their financial statements.
  • Financial aid letters: Include documentation of any scholarships, grants or student loans you’ve secured. Ensure these letters are official and detail the amount awarded.
  • Employer letters: If you have a job offer or are on a paid internship, a letter from your employer stating your annual salary can serve as proof of funds.

You may have more than one proof-of-funds document if the submitted documents show the combined total funds will cover the expenses listed in the I-20. For example, a sponsor’s letter plus statements from two different banks or any other combination as long as the total funds cover your expenses.

Q: Do I have to decide on the school I’m going to attend before getting a visa? 

Yes, you do.  A letter showing proof of funds (or visa support letter) or a combination of several proof-of-funds documents is directly tied to your school and future expenses. Therefore, before obtaining proof of funds, you must decide which school you plan to attend. The amount you need to cover will depend on the school and the area you choose – living in a suburban area near the University of Mississippi will be cheaper than living in the city and studying at New York University.

However, this doesn’t mean you can’t apply to multiple schools. You can apply to as many schools as you wish and even receive several I-20 forms. But when it comes to getting a student visa, make sure you bring the I-20 form and visa support letter for the school you included in your visa application and plan to attend.

Q: When will I use proof of funds documentation? 

You’ll need to show proof of funds twice. The first time, your designated school official (DSO) will ask for financial evidence to issue your I-20 form. This form certifies that you’ve been admitted to a U.S. institution and have the financial resources to support your education.

The second time you’ll need to present proof-of-funds documentation is when you go to the consulate for your visa interview. At this stage, you’ll need to provide financial support material and explain how you’ll cover your studies abroad expenses. This documentation reassures consular officers that you can support yourself financially during your stay in the United States.

If you’re still applying to schools, you don’t need to worry about proof-of-funds documentation. However, it’s important to think about funding in advance to ensure you can afford the tuition and associated costs. Early financial planning can help you avoid last-minute stress and guarantee you meet all necessary requirements on time.

If you get admitted to a school but find you can’t cover all the expenses, consider taking out a student loan. Student loans can bridge the gap between your available funds and the total cost of your education, making it possible to pursue your studies without financial strain.

Q: How to get a visa support letter from MPOWER Financing? 

Every student who has a student loan from MPOWER Financing automatically receives a free visa support (proof-of-funds) letter. Once you’ve submitted your application and uploaded the required documentation, you can find the visa support letter in your MPOWER portal. Remember, each support letter is tied to the specific school and program you included in your original application. If you decide to attend a different school, you’ll need to restart the MPOWER loan application process. 

Final words on proof of funds 

Obtaining proof of funds for your U.S. visa application can be challenging, but with careful preparation and the right resources, the process is manageable. 

Start early, gather all necessary documents and consider your funding options, including student loans, if needed. Ensuring financial stability allows you to focus on what truly matters – your education and future plans. For more tips on your U.S. student visa application, watch the video below from the MPOWER team. Safe travels and good luck with your studies!

International student success story: From India to Georgetown University

Originally from a small town in south India, Ajay Gokul aspired to pursue his dream of studying international affairs in the United States. Although he received a full scholarship from Georgetown University to follow that path, he lacked the funds to cover his living expenses. Fortunately he found MPOWER Financing and was able to secure the necessary financing and continue his studies. 

Read how Ajay found the resources he needed without burdening his family and what advice he shares with other international students wishing to study in the United States.  

A solution to unexpected financial challenges when studying abroad

Ajay chose to study abroad in the U.S. to take his knowledge of international affairs to the next level. He had a unique international upbringing, having spent a significant part of his life in the Persian Gulf in Doha, in addition to India, and he knew that Washington, D.C., was the hub of international affairs and diplomacy. When he received the prestigious Donald F. McHenry Fellowship to study at Georgetown, he was thrilled.

But it became clear that he still would not have enough funds to cover his living expenses. Determined not to burden his parents, Ajay searched for resources, including private student loans, and he turned to MPOWER Financing for support.

“I didn’t want to pressure my parents because I have a younger brother,” Ajay says. “That is when I came to MPOWER.”

MPOWER Financing is a fintech company that empowers international students to attend universities in the U.S. and Canada through loans, scholarships and its Path2Success program, which includes free access to exclusive career, immigration and financial resources. Former international students founded the company to help students from around the world study abroad.

Ajay found MPOWER’s process straightforward and accessible: “They didn’t ask for any collateral,” he says. “They were happy as long as I was able to submit this documentation from my university and my intent to apply for a visa. It was all online. So, quite hassle-free, I would say.”

Adjusting to American culture

Culture shock is an inevitable part of studying abroad. For Ajay, moving to the U.S. presented new challenges and opportunities. Growing up with limited access to books and relying on newspapers for knowledge, Ajay developed a passion for world news and international affairs early on. This background fueled his determination to succeed in a new environment.

Ajay particularly values the diverse and dynamic culture in the U.S., which has broadened his perspectives and enriched his understanding of global affairs. He believes his experiences in the U.S. will build his confidence and ability to navigate the workforce abroad.

Advice for studying abroad

Ajay has a few tips for students exploring study abroad opportunities or currently in school abroad. He emphasizes the importance of focusing on academics to ensure you remain on track and advises living with students from different countries to fully immerse yourself in the English language.

“When they say that you’re determined to do something, the universe will conspire,” he says. “Just keep dreaming, and if you put your mind to it, I think nothing can stop you.” 

Final thoughts: Financial support is available to study abroad

Despite the very real possibility that he’d have to turn down his scholarship, Ajay is now thriving at Georgetown University. His success demonstrates that support is available for international students at any stage of their journey.

Apply for an MPOWER Financing loan! It takes less than one minute to see if you’re eligible.

 

Apply Now

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.