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

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

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

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

The report’s key findings include:

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

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

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

The report can be downloaded from MPOWER’s website. 

About MPOWER Financing

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

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

International study programs: Health and medicine

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

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

About health and medicine programs 

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

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

Curriculum requirements vary depending on the program you choose. 

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

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

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

Demand for health and medicine degrees 

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

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

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

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

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

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

University of Maryland, Baltimore (UMB)

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

Grand Valley State University 

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

University at Buffalo (UB)

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

Binghamton University

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

University of South Carolina (USC)

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

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

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

5 jobs you can get with a health and medicine degree

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

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

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

1. Obstetrician and gynecologist (OB-GYN) 

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

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

2. Cardiologist

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

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

3. Pharmacist 

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

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

4. Advanced practice registered nurse (APRN)

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

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

5. Speech-language pathologist

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

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

Final thoughts: Getting a health and medicine degree

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

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

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

 

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

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

Choosing Canada for a unique educational opportunity

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

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

Adapting to a new life in Canada

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

Financial challenges and the search for solutions

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

Discovering MPOWER Financing: A turning point

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

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

A positive future ahead

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

Advice for fellow international students

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

MPOWER Financing: A recommended resource

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

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

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

 

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Networking as an international student

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

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

1. Start with your campus network

Professors and faculty

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

Peers and alumni

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

Career services

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

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

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

2. Leverage online networking platforms

Professional social media channels

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

Webinars and virtual events

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

Industry groups and forums

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

3. Engage in professional development

Certifications and courses

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

Internships and volunteer work

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

Conferences and trade shows

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

4. Personalize your networking approach

Craft personalized messages

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

Follow up

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

Final thoughts: Strategic networking makes a difference

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

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

 

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

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

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

Optimize your profile

Headline

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

Profile photo

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

Educational background and work experience

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

Build and engage your network

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

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

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

Take advantage of LinkedIn’s job search tools

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

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

Final thoughts: Using LinkedIn in your job search

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

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

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

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

1. Choose a bank

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

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

Fees 

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

Look out for different charges, like:

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

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

Options

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

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

Eligibility requirements

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

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

2. Start your bank account application

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

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

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

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

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

3. Sign up and activate

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

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

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

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

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

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

International student success story: From Bangladesh to Temple University

Bangladeshi postgraduate student Md Mahbub Alam is pursuing  a master’s degree in the U.S. to improve his career prospects thanks to an MPOWER Financing student loan.

Gaining a career advantage through a U.S. education 

Mahbub is enrolled in a postgraduate business analytics program at Temple University in Pennsylvania. With more than a decade of professional experience, he believes his U.S. degree will be well worth the investment. “I have a certain level of experience, and if I get the master’s background from the United States, I think that it will give me a great boost in my career,” Mahbub says.

Here’s how Mahbub’s journey from Bangladesh to Temple University unfolded and how an MPOWER Financing student loan helped him along the way.

Savings were not enough for studying abroad

Before coming to the United States, Mahbub earned his undergraduate degree in Bangladesh and immediately began saving money toward a master’s program. He diligently began building his career, spending many years in fintech and telecommunications. Mahbub then started a master’s program at the leading private university in Bangladesh but decided to pause his studies because he believed that better education was available in the United States. He was excited to pursue his lifelong dream of studying abroad in the U.S.

While Mahbub had enough money to cover his living expenses, he lacked the funds for tuition. So, he next began exploring student loans in Bangladesh.

Even though he had saved a good amount of money, it wasn’t enough to earn his master’s because he had a family to support, as well. “I think that at that time I thought that if I take the loan for my tuition fee, it will be easy for me to continue,” he says.

Funding an education abroad with an MPOWER Financing student loan

When Mahbub began researching international student loan in Bangladesh, he was unaware of MPOWER Financing. He quickly discovered most lenders require a cosigner, or guarantor, a challenge for many international students without such support. The cosigner requirement makes it nearly impossible for many international students to pursue their study abroad aspirations.

After extensive research into financing his education, Mahbub found a few lenders who don’t require collateral or a cosigner. MPOWER was one of them. Mahbub says choosing MPOWER Financing relieved a significant amount of pressure and allowed him to focus on his studies rather than financial concerns. He recommends MPOWER loans to his friends and colleagues in both his home country and the U.S.

“If someone is searching for a loan, then definitely I will recommend MPOWER. I think that MPOWER is the best option if you do not have a cosigner.”

Transition to the U.S.

Unlike many students, Mahbub moved to the U.S. with his family – his wife and two daughters. Having dependents while settling in a foreign country added additional stress and pressure. However, Mahbub says the transition ended up being less difficult than he imagined, even though he no longer had an income.

He says his kids struggled the most to adapt to their new home and country, but, after a couple of months, they settled in, and his older daughter began attending a local school.

During the transition, Mahbub says he took advice from American writer Darren Hardy. “When you start a new thing,” Mahbub paraphrases,  “[there are] lots of struggles. Tough things will come. But after a few days … you will see that the thing was not so tough.” This philosophy enabled him to keep moving forward and not give up on studying abroad.

Now settled with his family in the U.S. pursuing his degree, Mahub thinks about his future plans.  After graduation, he plans to stay in the U.S. for at least three years to gain experience in the U.S. market. However, he’s not ruling out the possibility of returning to Bangladesh. Mahbub is confident that having a U.S. degree will enable him to secure good employment opportunities in his home country at internationally recognized firms.

Advice for fellow international students from Bangladesh

Mahbub believes a person’s determination to learn and willingness to invest their time are the two key elements that matter when pursuing one’s dreams.

And if they want to secure their future, whatever their financial condition, they should take whatever steps needed to move forward. “If somebody from Bangladesh wants to complete his master’s or MBA from the United States, especially, I recommend [the] U.S., even Canada, they should go for it.” 

If you’re interested in joining students, like Mahbub, who are studying overseas, start an application to check your eligibility today, it takes less than one minute!

 

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International student success story: From the Philippines to a master’s in industrial engineering in Canada

Life sometimes offers opportunities we could never have imagined. That’s what happened to Troy Agujar, an international student from the Philippines pursuing a master’s degree in industrial engineering at the University of Windsor in Canada. 

Troy hadn’t thought about studying abroad until he helped a friend find a school in Australia. Going through the process sparked his own interest. Initially, he was scared at the thought of studying abroad, but he pushed through his fears and moved forward. Now he’s grateful he chose this path. 

Choosing a university and the program

While helping his friend pursue study abroad, Troy soon realized international education came with a hefty price tag. 

Not letting that hold him back, Troy began searching for countries offering an affordable, quality education. Canada emerged as a promising destination with reputable institutions and reasonable tuition fees. The master’s program in industrial engineering at the University of Windsor especially appealed to Troy because it aligned perfectly with his academic background and career aspirations.

Funding education abroad

While the University of Windsor’s expenses were closer to what Troy could afford, he still needed outside funding to cover the remaining costs. 

Troy explored scholarships first but determined awards wouldn’t cover all of his expenses. So, he began looking into a study abroad education loan for international students. During an online search, Troy quickly found MPOWER Financing. 

“The first thing that came out [in the Google Search] was MPOWER Financing. I saw that it gives out loans even though you don’t have a collateral or cosigner, and it sounds way too good to be true. I read some posts on Facebook and tried to find out if this was really legit.”

Convinced he had found a solid resource, Troy submitted an online application, and MPOWER approved his loan. He couldn’t have been happier. 

“With MPOWER, it gives you freedom to choose which university you want to study in and without those intimidating requirements [for scholarships].” 

Troy’s plan after graduation

Now, with graduation on the horizon, Troy envisions a career in manufacturing that leverages his proximity to Michigan, a hub for industrial activity in the U.S. He’s confident he’ll secure a fulfilling position and gain invaluable experience in the global market before returning to the Philippines. His ultimate goal is to impart the knowledge acquired abroad to fellow engineers, enriching his homeland’s industrial landscape.

“I would love to make or create a business back home. There are a lot of business ideas that I have, and I would love to introduce in Cebu. I could go for the biggest companies back home in the Philippines.”

Advice for fellow Filipino students

Troy’s advice to Filipino students considering education abroad is meticulous financial planning. He says students should analyze their budgets carefully to reduce financial stress and be able to focus on academics.

“It’s really important how you consider your plans and how you are going to pay for the interest on top of daily expenses. You have to lay out your plan first and then go ahead and apply for the loan.”

Last thoughts: From the Philippines to Canada

Troy’s journey is a testament to the power of determination and resilience. He confronted the challenges of studying abroad with determination and is realizing his dream of earning a master’s in industrial engineering. 

MPOWER Financing provided the financial support Troy needed to turn his aspirations into reality. MPOWER is ready to help more students like Troy achieve their academic goals. No dream is too big; no obstacle too great.

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

 

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International student success story: From Argentina to Carnegie Mellon

Argentinian postgraduate student Daniel Garaguso was excited about the prospect of studying overseas and a future career in the pharmaceutical industry helping to provide treatments that end suffering. He’d been admitted to one of the most prestigious schools in the U.S. and even had scholarships, but he didn’t have enough funds to cover all his expenses. Eventually, he found the resources to fund his education abroad. Here’s Daniel’s story.

Funding a postgraduate degree abroad

Daniel was excited about his admission to the MBA program at Carnegie Mellon University in Pittsburgh, Pennsylvania. He knew the value a postgraduate degree in the U.S. would bring.

“Having a master’s degree puts you in a position where you become a specialist, targeting a special segment of your career or something you want to achieve,” he says. “That’s why I wanted to pursue a master’s degree. I thought it would give me the best opportunity to find the right companies, build my network and show all my proficiency to the international market.”

But the money he’d been able to pull together through savings and scholarships just wasn’t enough, and he knew he needed a loan.

“I knew it was worth it, and I knew that the return on my investment in this career would be much higher than the cost, but I needed a company to finance and have that loan.”

Unfavorable and fluctuating exchange rates made paying for a U.S. education with Argentine pesos challenging. Daniel decided a fixed-rate student loan in U.S. dollars was the way to go. He started his research by talking to fellow South American students who’d secured education funding through MPOWER Financing’s no-collateral student loans.

How MPOWER Financing can help international students from Argentina

Funding an overseas education can be a challenge for any international student. Lenders like MPOWER Financing can help students overcome the barriers created at home by recessions, inflation and unfavorable exchange rates with funds in U.S. dollars disbursed directly to a school in the U.S. or Canada. Daniel knew an MPOWER loan was the key to a future international career:

“I was a little worried because I knew that without funding, I wasn’t going to make it. I still remember when I received an email saying that my loan was approved. It was indeed the start of something so great and beautiful that has happened to me and my family.”

Future career goals 

Daniel is driven by his desire to help people suffering from diseases. It’s what propelled him into the pharmaceutical industry and continues to drive him.

“I dream (of) leading projects that will bring new drugs, new products, new treatments – things that will … mean something to stop pain and suffering in this world.”

Advice for future international students

Daniel strongly encourages every international student to trust themselves and have a clear financial plan. 

“I know you have skills, I know you have these dreams and this hunger to succeed. But it’s not going to be easy. It will be challenging, and that’s why it’s very important to cover your funding (for) your school. Because by doing so you can focus all your strength on the fight to earn your place in the international market. Just be prepared, be confident and have a lot of self-esteem.”

Final thoughts

Daniel Garaguso’s journey from Argentina to an MBA in the U.S. mirrors the challenges faced by many international students. Daniel has successfully navigated the complexities of financing his education, combining savings, scholarships and an education loan through MPOWER Financing. With a passion for making a meaningful impact in the world, Daniel is  an inspiration to others with global aspirations. 

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

 

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International student success story: From China to Syracuse University

In the midst of the COVID-19 pandemic, Liang Dawen faced rising tuition costs and uncertainty that he could continue pursuing a master’s degree in the United States. With support from MPOWER Financing, he found the financial assistance he needed to continue his studies.

Liang chose to study abroad in the U.S. to take his knowledge of computer science and information technology to the next level. He’d worked in the computer science industry for more than 15 years but knew a master’s degree would drive long-term career growth. 

After unexpected financial hardship, he turned to MPOWER Financing for funding to continue his studies in the U.S. Read more to learn about Liang Dawen’s study abroad journey and how MPOWER supported his study abroad goals.

A solution to unexpected financial challenges when studying abroad 

Liang had planned carefully for studying abroad, but he couldn’t plan for the pandemic and how it would disrupt his life. Liang’s story is an example of how MPOWER Financing supports international students at all stages of their journey. In his second academic year at Syracuse University, Liang found himself short of funds when the pandemic affected his family’s ability to continue helping him to pay for school. He even contemplated returning home to China. Refusing to quit, he began searching for a solution and discovered MPOWER.

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

Liang found MPOWER just in time as he needed to come up with funds quickly.  Many loan providers take several weeks to respond, but MPOWER gave him a rapid response in just a couple of days.

“I felt that MPOWER specifically provides loans to STEM students and assesses the student’s potential, their ability to work in the United States and repay the loan,” said Liang in an interview with MPOWER Financing conducted in Chinese and translated here into English. “I think it’s a very solid and practical product. It’s not like they’re assessing my eligibility for approval based on credit when I have no credit history in the U.S.”

After finding MPOWER, Liang was able to continue his program at Syracuse University and receive the funding he needed to remain in the U.S.

Adjusting from life in China to American culture

Culture shock is an inevitable part of studying abroad. For Liang, the biggest challenge was language. In China, he was used to British English and spellings. American English proved very different.

“As long as you spend enough time in the United States and don’t limit yourself to only interacting with Chinese students, you’ll inevitably encounter different accents and American expressions that differ from British English,” said Liang. 

Liang particularly admires the individualistic and free spirit that thrives in American culture. He was used to a more traditional society and needed to adapt and engage with different cultural groups. 

Liang shared that his experiences in the U.S. have supported his understanding of diverse cultures and confidence while navigating the workforce abroad. 

Advice for studying abroad

Liang has a few tips for students exploring study abroad opportunities or currently in school abroad. He believes it’s important to focus on academics to ensure you remain on track, and he advises living with students from different countries. 

“This can make your entire life immersed in English and not give yourself too much space to speak Chinese everyday. Speaking Chinese all the time can weaken your determination to learn English,” said Liang. 

Financial support is available for international students to study abroad

Despite the very real possibility he’d have to quit school, Liang earned his master’s degree from Syracuse in 2023. His success shows there’s support for international students at any stage of their journey. 

Applying for an MPOWER Financing loan is an easy and straightforward process. It takes less than one minute, check if you’re eligible for a loan today! 

 

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