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Three things to know before picking an education lender in 2025

With the rise of tuition costs, loans have become necessary for most students studying in the U.S. If you’ve decided to pursue an international study program and need an education lender, it’s important to familiarize yourself with your options, find loan terms that work for you and borrow from a provider you trust.

So what criteria should you look for when choosing an education lender? Here are some important things to know before taking out a student loan for study abroad in 2025 and how a no-cosigner international student loan from MPOWER compares to other loan options.

 

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What to know before getting a student loan for studying abroad? 

Choosing a student loan for studying abroad is a personal decision; the loan type and terms that work for somebody else might not be right for you. Before picking an education lender in 2025, Here are three things to consider:

1. Public vs. private loans 

Most U.S. citizens start the loan application process by applying for public federal loans. However, public loans are not available to international students studying in the U.S. Luckily, select private lenders like MPOWER offer student loans for studying abroad to international students.

U.S. applicants tend to prefer public loans because they don’t require a credit check. MPOWER differs from other private loan providers because MPOWER does not require its applicants to have a U.S. credit history or credit score. MPOWER grants loans based on your future earning potential rather than your financial history.

2. Loan terms 

Every loan will have different terms. It’s best to prequalify with multiple lenders, compare their terms, and select the best option for you. Some factors to consider are:

3. Lender reputation 

You’ll be entering a financial relationship with your lender for the next decade or more, so choosing a lender with a good reputation is important.

Several publications, including NerdWallet, have voted MPOWER the best education lender for international students. Drawn to MPOWER’s competitive interest rates and flexible application process, students across the globe choose study abroad loans from MPOWER, borrowing up to US$100,000 to cover the costs at any of MPOWER’s 500+ eligible schools in the U.S. and Canada. 

MPOWER aims to provide its customers with the best education and career outcomes possible. That’s why MPOWER provides visa and career support through its Path2Success program.

To understand why so many students across the globe trust MPOWER, explore loan options today.

What’s the most important financial consideration when deciding whether to take out an education loan to study abroad? 

The most important thing to remember before taking out a study abroad loan is to borrow responsibly. You should never borrow unnecessary funds, because your loan will compound with interest over time. Make sure to:

  1. Research your chosen course of study, career options and average starting salary. Whether you choose to study finance, data science or art will make a difference in your future earnings. Don’t borrow any money you won’t be able to repay later.
  2. Compare tuition prices at your preferred universities. Choose a school that fits realistically within your budget.
  3. Determine exactly how much you need to borrow. Some lenders, like MPOWER, will have you list your funding during the application process so you don’t accidentally overborrow.

Final thoughts: Choosing an education lender for study abroad loans in 2025 

Student loans for studying abroad can make your dream of studying in the U.S. a reality. By considering all your options and making an informed decision, you set yourself up for a lifetime of academic and financial success.

When choosing an education lender in 2025, consider a no-cosigner international student loan from MPOWER endorsed by thousands of positive Trustpilot reviews. Find out why many consider it the best loan option for international students studying in the U.S. 

 

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How to find master’s program loans for international students in the U.S.

Master’s program loans are an essential resource for international students looking to finance their education in the United States because International students don’t generally have access to federal financial aid. While scholarships and personal savings can help, international student loans are often a necessary and reliable way to cover the cost of a master’s degree and living expenses in the U.S.

With the right resources and understanding of available master’s program loans, you can streamline your efforts to pay for your international education.

 

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How much is a typical master’s program in the U.S.?

The cost of a master’s program in the U.S. varies significantly depending on the school, location, and field of study. International students can expect to pay anywhere from about US$44,640 to US$71,140 per year in tuition and fees alone, according to the Education Data Initiative. However, this amount doesn’t include living expenses, such as housing, transportation, food and health insurance. The total cost of a master’s degree in the U.S. can be upwards of US$100,000 for a two-year program.

It’s important to factor in these additional costs when budgeting for your education as they can significantly affect your overall financial plan. Master’s program loans can help make these high costs more manageable by spreading payments over time after graduation.

Top options for master’s program loans

Since there are limited options for financial aid for international students pursuing a master’s, most students turn to loans to fill the financial gap. Here are some of the most common loan options:

How international students can apply for master’s program loans

Applying for an MPOWER international student loan is fast and easy. To get started:

  1. Check your eligibility. You must be an international student, DACA recipient, U.S. citizen, refugee, or asylum-seeker within two years of graduating or about to begin a one- or two-year program. Additionally, you must be admitted or attending one of the 500+ approved schools.
  2. Submit your online application. MPOWER has a 100% digital application for its no-cosigner and no-collateral loans. You’ll need to submit a government-issued ID (e.g., passport) as part of the application process.
  3. Receive a conditional offer. You’ll then receive an immediate, conditional offer decision.
  4. Upload documents. After receiving a conditional offer, you’ll be directed to upload certain documents to the MPOWER Portal. This might include financial documents, academic paperwork (e.g., transcript or admission letter), and a resume. 
  5. Gain final approval. Once all uploaded documents are validated, you’ll receive final loan approval within six to eight business days. MPOWER will also provide a free visa support letter if needed.
  6. Funds are disbursed. After your school certifies your enrollment status, MPOWER will send the final loan documents to sign. Your international student loan funds will then be disbursed directly to your school.

The importance of choosing the right master’s program loans

The right master’s program loan can make all the difference when figuring out how to fund your postgraduate studies in the U.S.

MPOWER helps to ease the financial and logistical burden for students from all over the world. No-cosigner student loans can help cover the cost of attendance with fewer barriers than traditional private loans. Competitive, fixed-rate loans are available from US$2,001 to US$100,000, helping international students to fully finance their tuition and living expenses while in the U.S.

With flexible repayment terms and support throughout the application and visa process, MPOWER ensures international students can achieve their education dreams.

Postgraduate universities and funding in Ontario

Ontario is a sought-after destination for international students studying abroad on a budget. Diverse and student-friendly cities like Toronto and Ottawa offer some of the country’s best universities, and the cost of living in Canada is lower than in other English-speaking countries like the U.S.

However, tuition fees and living expenses can still add up. If you’re considering pursuing your postgraduate education in Ontario but aren’t sure how to fund it, MPOWER offers international student loans without cosigners or collateral. 

Here are the benefits of studying abroad in Ontario and how MPOWER can make it possible.

Why study in Ontario with an MPOWER loan for studying abroad?

More immigrants settle in Ontario than in any other Canadian province, drawn to its welcoming atmosphere, bustling cultural centers and high quality of life. 

Ontario’s two biggest cities, Ottawa and Toronto, are home not only to several high-quality academic institutions, including University of Toronto and Queen’s University, but also to lively arts scenes and great job opportunities. Canada’s capital and financial center, respectively, international students studying abroad on a budget in Ottawa and Toronto will enjoy great opportunities for professional development.

At which Ontario university should I study with an MPOWER international student loan without a cosigner?

MPOWER-eligible schools offer some of the best learning outcomes in Ontario. MPOWER’s proprietary algorithm evaluates higher-learning institutions based on factors like alumni employment rate and earnings so that all MPOWER customers can receive the best education and career development possible.

Here are three top MPOWER-eligible Ontario schools* and their most commonly selected majors:

University of Toronto

With a student population of approximately 100,000 and ranked the best university in Canada, the University of Toronto has a broad range of rigorous postgraduate study options. In particular, it’s a leader in computer science, biology and physics research. Popular postgraduate programs include:

Queen’s University

For a more intimate university experience, international students studying abroad on a budget should consider Queen’s University. Located in the lakeside city of Kingston, Queen’s University is known for its tight-knit student body and strong academics. Popular postgraduate programs include:

McMaster University

McMaster University is known for its research in the health sciences and its problem-based learning methods. It offers postgraduate programs across six areas of study, including:

 

By studying at an MPOWER-eligible school, you can benefit not only from MPOWER’s international student loans without a cosigner, but also from MPOWER’s visa, financial and career support through the Path2Success program. 

To find the program that best suits your academic and professional goals, check out MPOWER’s list of 500+ eligible schools.

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

Funding your Ontario education with student loans for studying abroad

Canada may be a more affordable study-abroad option among English-speaking nations, but an international postgraduate education is still a major expense. Canadian postgraduate degrees can cost as much as CA$40,000 per year. Be sure to consider all your available funding options, from financial aid to student loans for studying abroad.

Financial aid 

International students studying in Ontario can browse scholarship opportunities through EduCanada. Eligibility for different scholarships varies. Students can also explore financial aid offerings from their chosen academic institutions. At the University of Toronto, Queen’s University and McMaster University, international students are automatically considered for entrance awards and scholarships upon admission, but the available funds are limited and competitive. In addition, students can work on campus to subsidize their tuition.

Student loans for study abroad

For most international students, Canadian financial aid packages and personal savings are insufficient to cover their total educational expenses. An MPOWER international student loan with no cosigner or collateral can make up the difference.

With MPOWER, you can borrow up to US$100,000 to fund your study abroad tuition and university-invoiced expenses. MPOWER loans have fixed interest rates and no prepayment penalty, making your repayment plan as simple as possible.

MPOWER students studying in Ontario also benefit from immigrant support through MPOWER’s Path2Success program and partnership with BorderPass. From visa support before you arrive to career services after you graduate, MPOWER will be with you every step of the way.

 

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Final thoughts: Funding your Ontario education with MPOWER loans for study abroad

Ontario’s friendly cities, low cost of living and elite academic options make it a magnet for international students studying abroad on a budget. To finance your Ontario education with an international student loan that doesn’t require a cosigner or collateral, consider MPOWER. It takes less than a minute to get started.

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Finding affordable housing in major Canadian cities

Comfortable, affordable and convenient housing can make or break your study abroad experience in Canada.  Navigating the housing market in big cities like Toronto and Vancouver can feel especially challenging. But here’s the good news: With the right tools and preparation, you can secure a place that fits your budget and your living preferences! 

Start your search early 

This might sound obvious, but the sooner you can start your housing search the better. Canada is one of the most popular countries for international students, which means student housing in big cities can fill up quickly – particularly near colleges and universities. A great place to start your search is with your school. In most cases, Canadian schools will have dedicated housing resources for students, including housing boards with on- and off-campus rental listings.

Know your budget 

When you start your search for housing in Canada, you need to know how much you can afford to pay every month. It’s a good idea to keep this amount a little lower than what you can actually afford since rent doesn’t typically include utilities and internet – unless you’re living on-campus, of course. It’s also smart to open a Canadian banking account as you’re preparing to move abroad. This will help you set aside money for your rent each month without incurring potentially high foreign exchange and transfer fees. You can learn more about student banking in Canada with TD Bank.*

 

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Explore on-campus housing options first 

Living on-campus can be the most affordable option for international students, and the cost often includes utilities, internet and meal plans. Plus, when you live on campus, you avoid excessive transportation costs since you won’t have to commute to your classes. Living on-campus is also a great way to meet other students. But remember, on-campus housing is often limited. Apply early to secure an on-campus option such as a dorm room or shared apartment.

Look for off-campus housing with roommates 

Off-campus housing, especially if you have roommates, can be just as affordable as on-campus housing – although it doesn’t usually offer the same convenience. But where on-campus housing offers convenience, off-campus housing offers a more full experience of Canadian culture since you’ll be living like a true local. To start your off-campus search, determine your monthly budget and your location preferences. Then, explore the variety of reputable Canadian housing websites like RentBoard, Casita and other platforms specific to your city. 

Sharing a house or apartment with other students is one of the most cost-effective ways to live in major Canadian cities like Toronto or Vancouver where rent prices can be high. Websites like Kijiji, Facebook Marketplace and Roomster can help you find roommates. Remember to always meet potential roommates and visit the space before committing to anything. If a deal is too good to be true, or if someone is demanding money upfront, it might be a sign of a potential scam. 

Go beyond downtown 

In major cities, the downtown neighborhoods are often the most expensive. The solution? Expand your search to just a few miles outside of downtown to find lower prices. You might be able to research which neighborhoods are popular for students since many take this approach. But keep in mind that the further away from campus you live, the more you’ll have to pay in transportation costs.

Let’s recap 

Finding affordable housing in a major Canadian city might take some extra effort and planning – but as long as you start early, know your budget, and consider all your options, you’ll be able to find options that fit your preferences and your budget. If you’re having trouble finding a place before your academic period starts, look into short-term rentals (Airbnb, VRBO, etc.). While these options are less affordable, they can help you get settled in your new city while continuing your search for longer-term housing. Happy apartment hunting! 

*MPOWER has referral agreements with TD Bank and may earn referral fees from this relationship.

Navigating exchange rates while studying abroad in Canada

Budgeting while studying abroad in Canada is an essential step in managing your money effectively so that you can build financial independence. But for international students, budgeting comes with an additional factor to consider – fluctuating international exchange rates. These changing rates can affect everything from tuition fees to daily expenses like groceries and coffee. 

So let’s talk about exchange rates – what they are, why they matter, and some tips for budgeting while keeping them in mind. 

What are exchange rates and why do they matter? 

Exchange rates represent the value of one country’s currency when converted to another. In your case, exchange rates determine how much your home country’s currency will be worth once it’s converted to Canadian dollars (CAD). These rates fluctuate due to factors like global economic trends, political events and market demand.

So, why do they matter for international students? The fluctuation of exchange rates can have a big impact on your student finances. A slight change in your home currency’s value could mean your tuition costs more (or less) than expected. It’s important to be aware of changes to the exchange rate so you can budget as effectively as possible. 

How to manage exchange rates while studying abroad in Canada 

Monitor the exchange rate frequently

This might seem obvious, but it’s worth stating clearly: Monitor the exchange rate between your country and Canada frequently. It’s a good idea to make it part of your regular budgeting process. Check with your bank to see if you can set up exchange rate alerts or use online tools like XE.com to track rate changes. 

By staying up to date on the current rates, you’ll start to get an idea of typical fluctuations, and you’ll be able to make more informed decisions with your money – like transferring it when the exchange rates are more favorable. 

Add a buffer to your budget

One way to stay on top of any potential unexpected rate changes is to add a buffer amount to your budget. This means you’ll be covered in case the rates worsen. Start by adding a 5%-10% buffer to your estimated expenses – over time, as you get a better idea of how much rates tend to fluctuate, you can adjust this percentage if needed. 

Minimize conversion fees with an in-country bank

One of the best ways to avoid consistently dealing with the exchange rate is to keep most of your money in a Canadian bank account. With an in-country bank account, you can minimize the amount of money you need to convert into CAD and limit conversions when rates are unfavorable. You’ll also be able to avoid foreign transaction fees with an in-country bank account. 

Not sure where to start? Check out the Student Banking package offered by our partners at TD Bank.*

 

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Building financial confidence*

While exchange rates can seem daunting and unpredictable, these tips will help you manage rate fluctuations with confidence while studying abroad in Canada. That confidence will help you achieve financial independence for years to come! Just remember: monitor the rates, buffer your budget, and use an in-country bank. 

*MPOWER has referral agreements with TD Bank and may earn referral fees from this relationship.

Safety tips for international students living in Canada

Canada is one of the safest countries in the world with a safety index of  8.3 out of 10 from the Organisation for Economic Co-operation and Development (OECD).  But as an international student who’s unfamiliar with the culture and your surroundings, it’s a good idea to take some precautions to stay safe while you’re abroad. As the saying goes, it’s better to be safe than sorry! Whether you’re preparing to go abroad or already living in Canada, these tips will give you the confidence you need to fully – and safely – enjoy your time overseas. 

The basics 

Save emergency contact numbers

Let’s start with the basics – the most important information you need to know in case of emergencies when studying abroad. In Canada, dial 911 for medical emergencies or other high-risk situations that might need the involvement of the police or fire department. Many schools in Canada have their security resources, so be sure to research your school’s emergency contact number in addition to 911.  

Stay aware of your surroundings

This might sound obvious, but always make sure to keep a close eye on your items like laptops, cell phones, wallets, etc. This is especially important for students studying abroad in major Canadian cities where cafes, libraries and public transportation are more congested with people. 

It’s also smart to get to know your local neighborhood as quickly as you can when you arrive abroad. Familiarize yourself with street names, train/bus stops, local police stations and businesses so you can feel more comfortable navigating in stressful or emergency moments. 

Exploring your new home

Use public transportation wisely

One of the most exciting parts of studying abroad is traveling in your new country and learning more about the culture. About 78% of Canadians say they feel safe walking alone at night, more than the OECD average of 74%. But remember – as you explore, it’s important to be smart and stay cautious. If you use public transportation late at night, for example, try to go with a friend so you’re not alone. Rideshare options, like Lyft and Uber, can be a smart alternative to public transportation if it’s late at night. You should also make sure to research the transportation options in a new area before you go so you don’t get stuck in an unknown neighborhood. 

Stay informed

A great way to stay safe is to stay updated on local news and weather forecasts. This is especially important during the winter months since ice, snow and cold temperatures can be hazardous. Check a weather app on your phone,  tune in to local news or radio stations, or check with your school to see if they provide weather alerts. 

Be smart with your money

As with any country, it’s generally best not to walk around with a wallet full of cash. While carrying some cash is a good idea in case of emergencies, keeping the majority of your money in a Canadian bank account is both smart and safe. Connect with a financial advisor at TD Bank* to open a bank account for international students in Canada.

 

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Stay safe and have fun

Canada is a great place to live and study, and while it’s generally a very safe country, it’s also smart to take basic precautions to ensure your study abroad experience is as fun, safe and enriching as possible. And remember: If a situation or person feels unsafe while you’re abroad, trust your gut. It’s okay to walk away, change your route, or ask for help at any time.

*MPOWER has referral agreements with TD Bank and may earn referral fees from this relationship.

Top 10 reasons to choose Canadian universities for higher education

Canada is a top destination for international students, and it’s easy to see why. With impressive academic institutions, a diverse population, and excellent career opportunities, studying in Canada is truly an investment in your future. Here are our top 10 reasons: 

1. World-class education

Canadian universities consistently rank among the top in the world. Schools like the University of Toronto, McGill University and the University of British Columbia are renowned for their academic excellence. According to QS World University Rankings 2024, 11 Canadian universities are in the global top 250.

2. More affordable tuition

Compared to other popular study abroad destinations like the U.S. and the U.K., Canada offers more affordable tuition rates. International graduate tuition averages CA$20,548 per year, making it a cost-effective choice for quality education.

3. In Canada, it’s easy to work while you study

If you’re planning to work while you study abroad to earn some income, you’re in luck. Canada allows international students to work up to 24 hours per week during semesters and full time during breaks. In other countries like the U.S., working as an international student may have more requirements depending on your visa type. 

4. Postgraduation career options

Canada’s post-graduation work permit (PGWP) allows international students to work in the country for up to three years after graduation. This is a great pathway to gaining Canadian work experience and potentially apply for permanent residency in the future. 

5. Canada is highly diverse

It’s one of the most multicultural countries in the world, with over 200 different ethnicities. This is great news for international students because chances are you’ll be able to find friends and communities in Canada that feel connected to your home country. 

6. Safe and peaceful culture

In 2024, Canada placed 11th on the Global Peace Index, making it one of the safest countries in the world. In general, Canada has very low crime rates and legislation that ensures all people are treated equally – including international students.

7. Cutting-edge research opportunities

Many of the top universities in Canada are also worldwide leaders in research. Canada ranks among the top 10 countries in the world for scientific impact. Students in specific degree programs, like environmental science or engineering, can get the chance to work on these groundbreaking research projects – opening the door to potential career opportunities in the future.

8. Beautiful campuses and nature

As if the academics, culture and career opportunities weren’t enough, Canada is a naturally stunning country full of mountains, lakes and other breathtaking scenery. This means beautiful college campuses and access to outdoor activities year-round.

9. Global recognition

A degree from a Canadian university is highly respected worldwide, just like a degree from the U.S. or U.K. Canadian graduates are often sought after by employers for the reasons we outlined above – impressive academics and cutting-edge research opportunities.

10. Support for international students

Lastly, Canada truly prioritizes its international student population. The government, for example, makes the study abroad visa process more seamless than in similar countries like the U.S. 

Colleges and universities across Canada offer resources for their international student population, helping you feel supported on campus even when you’re thousands of miles away from home. Businesses also offer products, services and discounts specifically for international students. TD Bank,* for example, offers a student banking package designed to help you take the first step toward your financial future in Canada.

 

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Is Canada right for you?

The numbers don’t lie – Canada is a welcoming and inclusive place for students from all over the world. In 2022, more than 800,000 international students studied in Canada. And with the 10 reasons we outlined above, it’s easy to see why. Overall, if you value a blend of academic excellence, affordability and cultural diversity, Canada might be the country for you. 

*MPOWER has referral agreements with TD Bank and may earn referral fees from this relationship.

5 tips for balancing work and school as an international student in Canada

International students choose to study abroad in Canada for the amazing academic opportunities the country offers – so it makes sense that academics would be your number one priority while studying abroad. But the truth is, many international students find part-time employment when they’re abroad to help cover expenses, gain experience, and build toward their financial future. So, how do you balance your job with your classes? We’ve got five tips.

1. Create a schedule and stay organized

When it comes to balancing work and academics, staying organized is extremely important. Over a week, you’ll be attending multiple classes, managing deadlines and working various shifts with your employer. Tools like Google Calendar can help you plan your week and stay one step ahead of what’s coming next in your schedule. When you do have free time, try to dedicate specific hours for studying and homework. Most days, your schedule will be pretty full, so make sure to keep all your course materials – like your syllabus, notebooks and textbooks – in one place so they’re easy to find when you need them.

2. Communicate with your employer

Most employers in Canada, especially those that employ students, understand the academic demands you’re also balancing. Canada allows international students to work up to 24 hours per week during the semester – but this doesn’t mean you have to work all 24 hours! Consider starting with fewer hours if you know your academic workload is going to be heavy. 

3. Take advantage of available resources

Turn to your campus community first if you need support balancing your work and school responsibilities. A lot of schools offer resources to help, like academic advisors, tutoring and potentially even time management workshops. And here’s a pro tip, in case you didn’t already know: Your school might have an on-campus job board with student-friendly roles. This is a great first place to look for a job. 

Another way to make your work life easier is to sign up for a Canadian bank account. This will make direct payments from your employer simple and help you manage your spending without incurring costly international transfer fees. Connect with financial advisors at TD Bank* to start your financial journey in Canada.

 

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4. Use your commute wisely

Don’t let your commute time go to waste. If you need to take the train/bus or even take a long walk to your job or classes, use that time productively to review your notes, listen to lectures and plan your day. 

5. Don’t forget self-care

Like we said earlier, balancing a job and a full course load is going to make you feel pretty busy. It sounds cliche, but you need to make time for self-care within your hectic schedule. Sleep well, eat healthy meals, and allow yourself to relax when you have the ability. Taking short breaks while studying is also a great idea – not only will it help you rest, it will help you study more productively.  Remember it’s okay to decline extra work shifts or social invites if you’re feeling overwhelmed. You’re studying abroad to benefit your future, so make sure to protect your time and energy to focus on what matters most. 

Putting it all together

By staying organized, communicating with your employer, taking advantage of campus resources, using your commute wisely and prioritizing self-care, you’ll be on your way to confidently managing your work schedule with your academic course load. And remember, you’re not alone. Many other students find part-time work while they’re in college, so chances are the friends you’ve made or hope to make are also balancing work with their studies. Friends who understand what you’re going through are one of the most important ways to stay connected and feel supported. You’ve got this.

*MPOWER has referral agreements with TD Bank and may earn referral fees from this relationship.

Navigating successful visa approval for Canadian studies with MPOWER Financing

Planning to study in Canada requires a deep understanding of the visa application process. Choosing MPOWER Financing can support your chances of approval, making a substantial difference in your journey to studying abroad.

At MPOWER Financing, we offer visa support through our Path2Success program to assist in your matriculation abroad. Obtaining an MPOWER loan does not negatively impact your Canadian study permit application. On the contrary, demonstrating financial stability through an MPOWER loan can be a valuable asset, showcasing your preparedness and commitment to pursuing education in Canada. Learn the required steps to secure a Canadian study permit and how MPOWER Financing can be a pivotal factor in your educational journey. 

Understanding the Canadian study permit process 

Get accepted by a Designated Learning Institution (DLI) 

Your path to studying in Canada starts by gaining acceptance to a DLI. This first step is essential as it forms the foundation of your study visa application, showcasing your intent to pursue education in a recognized Canadian institution.

Complete the online study permit application 

Processing your study permit application takes place through the Immigration, Refugees and Citizenship Canada (IRCC) website. You’ll be required to provide several documents: 

Attend a biometric appointment and interview 

The visa application process may require recording your biometrics and attending an interview, depending on your individual circumstances. These steps are vital for validating your identity and assessing your application.

How MPOWER Financing can help with your study permit and visa

When approved for an MPOWER loan, you receive a visa support letter to attach to your application. This letter outlines:

BorderPass partnership 

We’ve joined hands with BorderPass to simplify your immigration process and boost your study permit approval chances. Access reliable advice from Canadian lawyers through this partnership. Plus, enjoy our exclusive discounted rate for their services at CAD$350/US$275.

MPOWER’s 500+ eligible schools 

MPOWER works with 500+ eligible schools. MPOWER disburses loan funds directly to these schools once you have your study permit. These schools accept funds for tuition and other invoiced expenses. Here are a few of the current MPOWER-eligible schools in Toronto, Canada.

Ready to begin your education in Canada? Discover MPOWER Financing for your study abroad plans!

 

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*Rates as low as 9.99% (10.89% APR). This interest rate and APR includes a 0.25% discount for automatic recurring payments.

DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

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