The impact of Canada’s study permit caps, Part 1

This year, the Government of Canada and Immigration, Refugees, and Citizenship Canada (IRCC) made a number of significant changes to the study permit program for international students. These include college and undergraduate permit caps announced in January, caps on graduate students announced in September, and the November end of the Student Direct Stream (SDS) and Nigeria Student Express (NSE) programs.

The government’s stated goals for these changes are to promote international student diversity and the study permit program’s credibility, while combating fraud and malicious actors and controlling population growth.

While the study permit caps announced 10 months ago only affected college and undergraduate students, MPOWER Financing has observed a widespread decline in both applications and issuances across all levels of international postsecondary education in Canada. The following information was obtained from IRCC through an Access to Information and Privacy (ATIP) request and includes data ending September 30, 2024. Terms like 2023/24 academic year refer to the 12-month period from October 1, 2023 to September 30, 2024.

Highlights and key take-aways

• • Between academic year 2022/23 and 2023/24, both study permit issuances and applications fell considerably: Issuances fell by 24% and applications fell by 25%.
  • Study permit issuances fell by 26% for college students, 20% for undergraduate students, and 19% for graduate students.
  • Study permit issuances fell by 25% for Indian students, 12% for African students, and 40% for Latin American students. At the same time, Chinese enrollment grew by 4%.
  • Because applications fell along with issuances, many segments saw a rise in study permit approval rates.

Impact on colleges

The Canadian government’s policy changes this year primarily target colleges. As a result, it should be no surprise that colleges saw the sharpest decline in enrollment out of any category of postsecondary higher education.

Nationwide, study permit issuances for college-bound students fell by 26% between academic years 2022/23 and 2023/24, but there was significant variability based on country of origin. Enrollment from China rose by 38%, while there was a significant decline in enrollment from Africa (16%). Figure 1 shows enrollment changes for college students between the 2022/23 and 2023/24 academic years.

College enrollment changes
2022/23 to 2023/24 academic year

Figure 1: College enrollment changes
Source: IRCC, MPOWER Financing

Indian students, who receive the vast majority of all college study permits, exhibited unique trends during the 2023/24 academic year. While Indians submitted only ~half the college study permit applications in 2023/24 that they did in 2022/23, the total amount of permits they received only fell by 25%. The result of this is that the Indian college study permit approval rate rose from 63% to 86%.

However, only 22% of African study permits to attend a college program were approved during the 2023/24 academic year. Figure 2 shows study permit approval rates for undergraduate students during the 2023/24 academic year.

Study permit approval rates for colleges
2023/24 academic year

Figure 2: Study permit approval rates for colleges
Source: IRCC, MPOWER Financing

Zooming in on the provinces reveals some notable trends. In Ontario, both applications and issuances have declined, with Indian students experiencing the most significant drop. The Canadian colleges that lost the most incoming students include Conestoga College, Niagara College Toronto, Centennial College, Lambton College, and Northern College – all based in Ontario.

In British Columbia, however, the story is more mixed. While B.C.45 colleges saw a decline in study permit applications, the total number of issuances remained largely unchanged – and in fact, slightly rose. Interestingly, in British Columbia, the steady growth in study permit issuances for Indian students has helped offset the decline in new issuances from other regions. This means that while B.C.’s Coquitlam College and Langara College lost incoming students, others like Cambria College and Granville College were able to grow enrollment during the 2023/24 academic year.

The other provinces saw college enrollment rise by 9%, mainly driven by a 40% rise in study permits for Indian students. The biggest drops included Institut Teccart (Quebec), New Brunswick Community College, and Southern Alberta Institute of Technology, while the biggest winners were Portage College (Alberta), Northern Alberta Institute of Technology, and Collège Ellis campus de Trois-Rivières (Quebec).

Impact on undergraduate education

Undergraduate education, like colleges, was directly affected by IRCC’s study permit caps.

Nationwide, study permit issuances for university undergrad-bound students fell by 20% between academic years 2022/23 and 2023/24. Unlike for college students, enrollment for this segment was down for every major geography analyzed – except for a slight rise in enrollment from Francophone Africa. Figure 3 shows enrollment changes for undergraduate students between the 2022/23 and 2023/24 academic years.

Undergraduate enrollment changes
2022/23 to 2023/24 academic year

Figure 3: Undergraduate enrollment changes
Source: IRCC, MPOWER Financing

Similar to the college level figures, Indians submitted about half the undergraduate study permit applications in 2023/24 than in 2022/23. The total amount of permits issued to Indian students fell by 24%. The result was a study permit approval rate increase to 90%. Similar to colleges, IRCC’s goal of diversifying student intake has seemingly resulted in higher study permit approval rates for Indian students.

African students, however, submitted 6% more study permit applications, but received 11% fewer approved study permits – again showing disproportionate denials for students from the African continent. Figure 4 shows study permit approval rates for undergraduate students during the 2023/24 academic year.

Study permit approval rates for Undergraduate programs
2023/24 academic year

Figure 4: Study permit approval rates for undergraduate programs
Source: IRCC, MPOWER Financing

Similar again to the college level, Ontario bore the brunt of the decline in university undergraduate enrollment, with new study permit issuances falling by 33%. Algoma University, York University, and University of Toronto suffered large enrollment declines, but Yorkville University (Toronto) grew enrollment, mostly from India.

British Columbia enrollment fell by only 6%, and the province actually saw a slight increase in enrollment from India. Capilano University, University of British Columbia, and Kwantlen Polytechnic University saw large enrollment declines, but the province’s big winners were its private for-profit institutions Yorkville University (Vancouver) and University Canada West.

Other Canadian provinces saw a decrease in undergraduate study permit issuances. This led to schools like Cape Breton University, Université du Québec à Trois-Rivières, University of Manitoba, and others losing large amounts of new students. However, some schools like Université du Québec en Outaouais Pavillon Alexandre-Taché, Université du Québec à Rimouski and University of Lethbridge (Alberta) were able to grow their international student intakes.

Impact on graduate education

The IRCC explicitly exempted graduate and doctoral students from the caps announced in early 2024. Still, new study permit issuances for graduate-level students fell by 19%, despite applications for study permits remaining largely flat. Figure 5 shows enrollment changes for graduate students between the 2022/23 and 2023/24 academic years.

Graduate enrollment changes
2022/23 to 2023/24 academic year

Figure 5: Graduate enrollment changes
Source: IRCC, MPOWER Financing

Similar to the college and undergraduate figures, although Indians submitted only about half the graduate study permit applications in 2023/24 than in 2022/23, the total amount of permits issued only fell by 35%. The result has been a permit approval rate increase from 78% to 92%.

African students on the other hand, submitted 42% more graduate study permit applications than they did a year ago, but their approvals were down by 6%. This means that their study permit approval rate fell from an already low level to only 31%. Figure 6 shows study permit approval rates for graduate students during the 2023/24 academic year.

Study permit approval rates for Graduateprograms
2023/24 academic year

Figure 6: Study permit approval rates for graduate programs
Source: IRCC, MPOWER Financing

Ontario saw a slight decline (6%) in graduate students entering its institutions, driven mostly by The University of Windsor, which lost over a thousand new students. On the other hand, the private for-profit sector grew substantially: International Business University and University of Niagara Falls Canada each gained about one thousand new students.

On the other hand, British Columba saw a sharp decline (34%) in new graduate students, driven almost wholly by the private for-profit University Canada West. Few B.C. institutions saw an increase in graduate student enrollment.

Outside of Ontario and B.C., Concordia University (Quebec), Memorial University of Newfoundland, University of Calgary (Alberta) and University of Alberta all lost a large number of incoming students, while Crandall University (New Brunswick), ÉTS Montréal (Quebec), and École nationale d’administration publique (Quebec) were able to grow their international graduate enrollment.

Africa: The next frontier

Across all levels of education, interest in a Canadian education is coming less from India and more from Africa. While African enrollment has been growing substantially, this reversed abruptly in the 2023/24 academic year, when their approval rates plunged.

Today, approval rates for African students remain disproportionately low compared with their classmates from other regions. Yet, the approval rate gap for Francophone and non-Francophone African students has closed. The discrepancy between African students and students from other regions persists even when looking at applicants attending the same institution and pursuing the same credentials.

With IRCC and Canadian postsecondary institutions seeking to diversify student enrollment from India, it’s important for all industry actors to recognize and remedy the inequities African students face with study permit adjudication.

Moving past SDS

In November, IRCC abruptly ended the SDS program. The government’s rationale was that the program was counterproductive toward its diversity goals and plagued by fraud.

Indian students submitted 97% of all SDS applications during the 2023/24 academic year, revealing a program largely tailored for them. Even more surprising, the government approved 99% of the study permit applications during this same period for Indian students pursuing a graduate-level education in Canada.

However, SDS was only available to residents of two small African nations – Morocco and Senegal, though Nigerian students had access to SDS’s sister program, NSE. Intentional or not, the exclusion of African students from the program inhibited their options while contributing to today’s lopsided student body and resulting in far lower study permit approval rates for African students.

Even when adjusting for SDS availability, graduate-level Indian students enjoyed a 61% study permit approval rate without the SDS program, while the overall African student study permit approval rate languished at 31%. Figure 7 displays the disparity in study permit approval rates between Indian and African students.

Study permit approval rates for graduate-level Indian and African students
2023/24 academic year

Figure 7: Study permit approval rates for graduate-level Indian and African students
Source: IRCC, MPOWER Financing

The requirement to purchase a guaranteed investment certificate (GIC) under the SDS program disproportionately favored students who could engage with Canadian banks. This entrenched the Canadian banking oligopoly and prevented access to students able to demonstrate the funding requirements through alternative means.

A successor to the SDS program should ensure that students from all nations can access the benefits of higher approval rates and expedited processing. This would involve expanding the program to include more countries and accepting alternative forms of financial verification, such as support from reputable global lenders. These changes would promote greater equity in the study permit process and open opportunities for a more diverse class of international students without jeopardizing these students’ ability to sustain themselves financially while in Canada.

How post-secondary institutions can adapt

The changes to the study permit program show that all players in Canadian postsecondary education must adapt to a new reality. Not only are caps in place, but the appeal of a Canadian education appears to have declined even for segments (like graduate students) exempt from the caps.

First, institutions must diversify their recruitment to avoid being overly reliant on intake from a single region. Recent geopolitical tensions between Ottawa and New Delhi add to previous tensions between Ottawa and Beijing, demonstrating how focusing recruitment on a single country should be avoided.

In order to promote a more diverse student intake, institutions should consider initiatives that would alleviate some of the hurdles international students, particularly African students, often face when applying for a study permit. Institutions should consider application fee waivers to attract qualified applicants and be flexible with enrollment deposits that may cause a financial burden to students with fewer financial means.

It’s also important to recognize the role financing plays in student access to education. 92% of MPOWER students say a loan through MPOWER was imperative to their ability to study abroad – and accordingly, IRCC wishes to ensure students are able to comfortably support themselves with tuition and living expenses during their stay in Canada. Partnering with global lenders like MPOWER Financing can unlock access to the vast population of talented students from Africa and other parts of the world.

MPOWER Financing’s internal data during the 2023/24 academic year show its students from Nigeria, Ghana and Kenya frequently enjoyed study permit approval rates from 85 to 90% – often 60 points higher than students who didn’t have  an MPOWER loan to fund their education (see Figure 8). The three universities in Figure 7 are all well-known and renowned institutions, and two belong to the U15 – an association of 15 Canadian public research universities.

Study permit approval rates for MPOWER’s African students
Students from Nigeria/Ghana/Kenya, 2023/24 academic year

Figure 8: Study permit approval rates for MPOWER’s African students
Source: MPOWER Financing

How the Canadian government can adapt

Rebuild “Brand Canada”

Recent changes to the study permit program have created a perception that Canada is less welcoming to international students. This is demonstrated by the fact that applications are declining even for segments exempt from IRCC’s study permit caps.

To reverse this, Canada needs a unified “Brand Canada” strategy, with a focus on frontier markets like Africa. EduCanada, the official Government of Canada website for international students looking to study in Canada, could expand its efforts by partnering with Canadian business schools already active in Africa to jointly promote Canadian higher education.

This is especially crucial to attract students from Francophone nations. EduCanada should establish an agency similar to Campus France, which promotes French education. This new agency could collaborate with countries like France, Belgium and Switzerland to recruit students from Francophone regions such as Morocco and Algeria.

Key to EduCanada rebuilding Canada’s image will be engaging with Canadian colleges and universities. Institutions could better recruit students from Africa by offering fee waivers, flexible enrollment policies, and educating registrars on accepting global payments. With a unified strategy, Canada can reestablish itself as a leading destination for international students, especially those from Francophone countries.

Addressing approval disparities

IRCC must tackle the root issue of study permit approval disparities between students from Africa and other parts of the world. African students face dismally low approval rates. IRCC should investigate to ensure they aren’t held to different standards than other international students.

Adopting best practices from countries like the U.S., where schools verify students’ financial plans, could help. A pilot program with trusted institutions and clear guidelines on funding sources would give study permit officers a clearer financial picture, addressing concerns about students’ ability to support themselves in Canada.

Canada has a chance to reform its study permit process and regain its reputation as a welcoming destination for international students. Post-SDS, IRCC has the opportunity to address and remedy the program’s shortcomings. A new approach that allocates study permits equitably would promote diversity and enhance the program’s credibility. These changes would help international students access quality education, driving economic growth and cultural exchange while ensuring a more inclusive and credible system.

Transforming Lives: International Education Financing Spurs 15x Growth in Household Income and Drives Global Impact

Study of academic research and data on 20,000 students from 182 countries shows the world-changing power of international education:

• • 15x growth in household income for graduates in the U.S.

• • International education is a US$43.8 billion industry in the U.S.

• • International graduates are powering the U.S. tech and AI industries

• • 75% of MPOWER students send money home after graduation

• • 90 heads of state or government studied in the U.S. or a peer nation

 

WASHINGTON, DC, December 9, 2024 — MPOWER Financing, a mission-driven fintech firm and the leading provider of scholarships and no-cosigner loans to high-potential students from around the world, today released its fourth annual Social Impact Report. The report studies the broad social and economic benefits a global international student body brings to countries and highlights how financing plays a crucial role in democratizing access to education, especially amidst increasing geopolitical tensions and restrictive immigration policies.

Drawing on loan data from nearly 20,000 MPOWER students in the U.S. and Canada, insights from a 2024 survey of nearly 400 participants, and third-party research, the report highlights how MPOWER’s merit-based loans to international students generate far-reaching impact, not only on students but also on universities, host nations, home countries, and the broader global community.

“Since our founding a decade ago, we’ve seen the phenomenal impact that an international education has on individuals, institutions and countries—an impact that transforms lives and industries and brings the world closer together every day,” said Manu Smadja, chief executive officer of MPOWER. 

Some key findings from the 2024 report include:

• • 182 countries: MPOWER students represent a diverse global community, spanning 182 countries with 92% originating from the Global South.
  • 70%: Seven in ten MPOWER students report belonging to families with an annual household income of US$12,000 or less, placing them at or below the world median.
  • 15x: MPOWER students who graduate and find employment in the U.S. see an average 15x increase in their pre-graduation household income. This remarkable growth highlights the enduring value of a North American education and the expansive global career opportunities it provides.
  • US$43.8 billion: International students contributed US$43.8 billion to the U.S. economy in the 2024-24 academic year.
  • 3 family members: MPOWER student remittances support an average of three family members and are valued at an average of US$645/mo. These funds are often crucial for families back home to improve their lives and standards of living.
  • 80%: Nearly four out of five U.S. unicorns (privately held, billion dollar companies) have at least one immigrant founder or an immigrant in a key leadership role, such as CEO or vice president of engineering.
  • 90 heads of state or government received their education in the United States or comparable developed democracies like the United Kingdom, France or Australia.
  • 92% of MPOWER students report that a loan from MPOWER was imperative for their ability to study abroad.

 

Breaking Down Barriers

The report noted that while international education is a powerful tool for change and progress, financing a degree can present significant challenges, as international students lack access to U.S. government loans or traditional private student loans. Loans from home countries typically require collateral or cosigners, barriers that many students cannot overcome. MPOWER bridges these gaps through a unique lending model based on a student’s future earning potential rather than parental credit scores or home collateral. This approach not only broadens access to education but ensures loans remain financially sustainable, helping underserved groups achieve academic and professional success.

An overwhelming majority (92%) of MPOWER’s students would have been unable to fund their education abroad without the firm’s support, and MPOWER students who graduate and find employment in the U.S. see an average 15x increase in their pre-graduation household income. This remarkable growth highlights the enduring value of a North American education and the expansive global career opportunities it provides.

 

Academic and Cultural Diversity and STEM Success

International students not only contribute US$43.8 billion to the U.S. economy, but enrich U.S. campuses with diverse perspectives, fostering cross-cultural understanding, and preparing American students for success in a globalized workplace.

International students have also played a critical role in sustaining U.S. STEM fields, according to the report, often making up the majority of graduate students in key disciplines like electrical engineering and computer sciences. Their contributions sustain enrollment, faculty roles, and innovation, and without them, gender diversity in STEM—where women represent only 35% of students—would be significantly lower.

 

The Key to America’s Tech Innovation: Harnessing Global Talent

Immigrants and international students contribute significantly to the American tech ecosystem. Nearly four out of five U.S. unicorns (privately held, billion dollar companies) have at least one immigrant founder or an immigrant in a key leadership role, such as CEO or vice president of engineering.

This is particularly relevant in the rapidly evolving field of artificial intelligence. The American AI industry is filled with examples of immigrant success stories, including individuals like Chinese-born American Fei-Fei Li, co-director of Stanford University’s Human-Centered AI Institute; British-Hong Kong-American Andrew Ng of Google Brain; Russian-Israeli-Canadian-American Ilya Sutskever formerly of OpenAI; and South African-Canadian-American Elon Musk of xAI, among other firms.

To keep up with innovations in AI and related fields, the report urges the U.S. to enact policies that encourage the brightest minds from around the world to bring their talents here. International student immigrants bring diverse perspectives and experiences essential for developing AI systems that are fair, unbiased, and inclusive. Policies that attract and empower international students can help keep the U.S. on top of the AI race, the report notes.

 

Brain Circulation: Harnessing Skilled Migration for Mutual Growth

Skilled migration is more accurately described as “brain circulation,” with global experiences benefiting both origin and destination countries. India, with the world’s largest diaspora, gains significantly from economic remittances, which reached a record US$124 billion in 2024, alleviating poverty and supporting families. 75% of surveyed MPOWER students send money home to support their families after graduation. These remittances support an average of three family members and are valued at an average of US$645/mo.

Return migration further boosts growth in Global South nations, as expatriates bring back global expertise to drive innovation, create jobs, and transform industries. Examples like the late Ratan Tata, who ran one of India’s largest and most respected conglomerates, and Azim Premji, who transformed Wipro into a global leader in the software industry, highlight how international exposure fuels local entrepreneurship and economic development. Additionally, diaspora leaders like Microsoft CEO Satya Nadella continue to invest in and advocate for India, demonstrating  how talent circulation fosters mutual growth and global influence.

 

Shaping Global Leaders

International education cultivates leaders who bridge nations and advance global peace and democracy. Of the 90 global heads of state or government (presidents, prime ministers, and similar) educated in developed democracies, 44 studied in the United States, making it the largest educator of world leaders. American educational institutions therefore play a critical role in fostering diplomatic ties and governance expertise. This influence promotes trade, mutual respect, and collaboration on global issues. By investing in its role as a leader in international education, the U.S. strengthens its global influence and fosters enduring connections that promote democracy, peace, and shared progress.

 

Call to Action

The report concludes with a call to expand access to international education in order to empower students and strengthen the global workforce. 

Higher Education Institutions:

• • Offer diverse funding options like scholarships, aid, and specialized loans for international students.
  • Waive or reduce application fees and deposits for students from low-income backgrounds, particularly from the Global South.

 

Policymakers:

• • Reform immigration policies to streamline access for African students, the fastest region of origin for international students, but also the region with the lowest visa approval rate.
  • Expand post-graduation work authorizations and pathways to permanent residency.

 

Private Sector:

• • Hire international students, offer visa sponsorships, and support career development.
  • Partner with universities to provide scholarships, mentorships, and job opportunities.

 

Philanthropists:

• • Create scholarships for underserved regions to foster global education equity.
  • Advocate for immigration reforms to support international students’ integration and success.

 

The full report is available for download on MPOWER’s website.

 

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 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.

2025 financial checklist for international students in the U.S.

As 2025 approaches, international students studying in the U.S. should take the time to organize their finances for the upcoming academic and financial year. Whether you’re still in the planning phase or already settled into living in the U.S., being proactive can help set a strong foundation for your future in the U.S.. Here’s a year-end financial checklist to guide you.

For students preparing to move to the U.S. 

Moving to a new country can be both exciting and overwhelming. Your acceptance letter is only the first step to studying in the U.S. Be sure to prioritize the following:

Research the cost of living in your destination city 

The cost of housing, transportation and food varies significantly across the U.S. So, you’ll need to look into the average cost of living where you’ll be studying to create a rough budget.

Prepare to show financial ability to pay for school 

As part of your U.S. visa application, you’ll need proof of financial ability to pay for tuition, books, living expenses and travel while studying in the U.S. To issue Form I-20, your designated school official (DSO) will need financial evidence such as:

• • Bank statements within the last three months
  • Documentation from a parent or other sponsor
  • Scholarship or financial aid letters

You can also ask your private student loan lender for a proof-of-funds letter. MPOWER Financing customers automatically receive a free visa support letter once you’ve submitted your application and supporting documentation.

 

Click to apply

 

Review health insurance requirements and options 

The U.S. doesn’t have universal healthcare. Therefore, even basic healthcare services and medications can be expensive. Health insurance requirements vary by university, but many offer their own health insurance plans for an additional cost. Alternatively, you can explore private insurance options with our trusted partners.

For students already studying in the U.S.

The newness might have worn off if you’ve been living and studying in the U.S. for a while. Use this time to plan for the year ahead and make the most of your remaining time as an international student.

Reassess your budget 

Track and adapt your budget based on your spending habits now that you’re in the U.S. Here are some quick budgeting tips for students looking to trim their expenses:

• • Save on textbooks. Instead of buying new, consider renting or using digital versions to cut costs. Your university library might also have copies available for free use.

• • Use school amenities. Most universities offer free or discounted amenities, such as on-campus fitness centers, low-cost health center services and free cultural and entertainment events.

• • Plan for travel. If you’re planning to visit family back home, be sure to book flights early and use travel comparison sites. If you plan to explore nearby areas, look at ways to use public transportation to your advantage. Public transit is a big perk of living on the East Coast!

By being mindful of your spending, you can stretch your dollar further and enjoy your time studying in the U.S. without additional financial stress.

Look for additional funding for international students 

Paying for your international education is an ongoing endeavor. Continue to explore scholarships and other funding resources, such as on-campus assistantships and job opportunities for international students.

Manage student loan payments and other financial obligations 

If you’ve taken out international student loans, staying on top of your debt is important. Review your loan terms to see if interest is accruing while you’re in school. Making interest-only payments or partial payments now can prevent your balance from ballooning. Set reminders for payment due dates throughout the upcoming year. Stay in contact with your lender year-round.

Prepare for tax season 

If you earned income in 2024, you’ll need to file a federal tax return and possibly a state tax return (depending on where you live). Even if you didn’t work, you’ll need to at least file Form 8843 as an international student studying in the U.S.

How to get financial help for international students in the USA 

MPOWER Financing offers international student loans to help support your independence at one of our 500+ approved schools in the U.S. or Canada. These funds can be used to pay for up to 100% of your education expenses in the U.S, including living expenses, meal plans and health insurance. Additionally, we don’t require a cosigner or collateral, making it an easy and affordable way to fund your international education on your own.

But MPOWER is more than just a lender. Our Path2Success program provides support every step of the way. This includes a free visa support letter, visa prep course and career services for F-1 students. 

 

Click to apply

 

Understanding university options in major U.S. cities: What you need to know

Studying in the United States can shape your lifelong educational and personal journey. Attending a university in a major city –  like Miami, New York City, Houston or San Francisco – can help build a global network for international students in the U.S. And it can also provide a fulfilling experience outside of the classroom. Here’s what to consider when studying in one of America’s major cities.

What are the benefits of studying in a major U.S. city? 

America is often called a melting pot. As an international student, you can take full advantage of this melting of cultures when studying in a large U.S. city. Yes, you’ll spend a lot of time on campus. But don’t overlook the importance of immersing yourself in a major metropolis to grow personally and professionally.

International students studying in major U.S. cities reap the benefits of:

• • Professional opportunities. There are simply more people to network with. Plus, large cities can give you access to innovative companies and leaders in your industry.

• • Cultural events and entertainment. Urban areas have regular events and activities celebrating diverse backgrounds. You’ll also live closer to museums, historic sites, theme parks, shopping centers and a booming nightlife.

• • Big city adventures. Never taken a subway or flagged down a taxi? Have you been to a fashion show or attended an art gallery opening? Big cities are energetic and exciting at all hours of the day. 

That said, living in a major U.S. city comes with increased costs, and feeling a sense of belonging might take longer.

Top universities and programs to consider for international students in the U.S. 

Let’s explore some of the best universities in major U.S. cities located in some of the most populated states. You can also find some of the most popular degrees based on the 2024 U.S. News & World Report rankings for best graduate schools.

California universities* 

California is synonymous with innovation and creativity. Major cities like Los Angeles, San Francisco and San Diego have diverse neighborhoods and academic opportunities at schools like:

• • University of Southern California (USC). Located in Los Angeles, USC’s engineering and business schools have a strong reputation.

• • San Diego State University (SDSU). SDSU has some of the best education and nursing master’s programs.

• • Stanford University. Just a short drive to San Francisco, Stanford ranks as one of the top business, engineering and computer science schools in the U.S.

Florida universities* 

If you’re an outdoor enthusiast, Florida’s warm climate and white, sandy beaches might be reason enough to choose a university in one of its major cities. Its history is rooted in Latin culture, which you can experience with its many festivals, restaurants and cultural attractions. Some of Florida’s university options include:

• • University of Miami. Popular postgraduate degrees at the University of Miami include nursing and psychology.

• • University of Central Florida (UCF). Located in Orlando, UCF’s top graduate programs include health professions and education.

• • University of South Florida (USF). Located in Tampa, USF’s top graduate schools include medical and engineering programs.

Texas universities* 

As the saying goes, everything is bigger in Texas. It’s the second-largest state in terms of physical size and population. And Texans are certainly big on hospitality. The “Texas Triangle” contains the state’s largest cities (Austin, Dallas-Fort Worth, Houston and San Antonio). It provides ample opportunity for cultural experiences and academic pursuits at schools like:

• • University of Texas at Austin. Popular postgraduate programs include engineering and business.

• • Texas Christian University (TCU). Located in Fort Worth, TCU’s business school is ranked as one of the top in the country, including its part-time MBA program.

• • University of Houston. Its business, education and engineering schools received high rankings.

• • Trinity University. Located in San Antonio, Trinity University has one of the top healthcare management programs.

Universities in New York City* 

New York City is often referred to as the cultural capital of the world. With iconic landmarks like Times Square, Central Park and The Met, you’ll always have somewhere new to explore. It’s also home to some of the most prestigious universities, including:

• • Columbia University. As one of the top universities nationally and globally, Columbia’s engineering and business schools are some of the best in the nation.

• • Fordham University. Fordham is only a short trip away from the city on public transportation and has a variety of popular graduate programs like business.

• • New York University (NYU). NYU is known for its visual and performing arts programs. But it also has excellent business, education and engineering programs at the graduate level.

How to choose the right university for you 

Deciding to study in a major U.S. city requires careful planning and consideration. Consider factors such as program reputation, campus culture and what the city offers outside of school activities. You also need to consider whether you prefer entering your program in the fall versus spring, as the latter can sometimes limit your options.

One of the biggest differences in choosing a large city over a small community is the cost of living and potentially higher tuition costs. So, figuring out how to fund your postgraduate study abroad experience should be part of the initial equation.

Research the cost of living in your desired city, including housing, transportation and daily necessities. To reduce costs, you’ll likely need to consider shared accommodations or living outside the city center. 

Look for scholarships specifically for international students studying in America and grants and assistantships offered by U.S. city universities. Also, consider applying for scholarships with MPOWER and other organizations.

If you still need funds to cover the cost of your international education, MPOWER makes it easy to qualify for private student loans without a cosigner or collateral. Check out our network of schools in the U.S. and Canada to see which colleges and universities are eligible for MPOWER loans.

 

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

Study permit essentials: What international students need to know about studying in Canada

Before you can start studying at a university in Canada, you’ll need to obtain your Canadian study permit. Canada requires a study permit for any international student who plans to study for longer than six months. This study permit gives you permission to live, study and work part time in Canada. This guide will walk you through the Canadian study permit application process, so you can confidently prepare to pursue international study in Canada. 

What’s a Canadian study permit? 

A Canadian study permit is an official document from the Canadian immigration authorities that gives permission for international students to study in Canada. It lets you study at a Designated Learning Institution (DLI) – a school that has been government approved to host international students. 

With a Canadian study permit, you may also be allowed to work up to 24 hours per week during the school year. Anyone who’s studying in Canada for longer than six months must have a valid study permit, and you have to show that you intend to leave Canada after your program is over. 

That said, some programs allow you to transition to a postgraduation work permit (PGWP) if you want to work in Canada after graduation and meet eligibility requirements. The cost to apply for a Canadian study permit is CA$150, and the average Canada student visa processing time is 15 weeks. 

Eligibility requirements for a Canadian study permit 

There are a variety of requirements you’ll need to meet to be eligible for a Canadian study permit, such as: 

• • Be accepted into and enroll in a Designated Learning Institution. You can confirm your school qualifies as a DLI here.  
  • Provide proof that you can financially support yourself during your program 
  • Demonstrate you intend to leave Canada after completing your studies 
  • Follow the law and not have a criminal record
  • Be in good health and meet Immigration, Refugees and Citizenship Canada’s (IRCC) requirements for vaccination 

How to apply for your Canadian study permit, step by step 

The easiest way to submit your Canada student visa application is online. Here are the steps you’ll need to take. 

1. Create your online account 

Start by creating your online account on Canada’s IRCC website. After receiving an invite code, create your account and sign in. 

Once you’re signed into your account, you’ll see a list of documents you must provide to show you’re eligible to travel to and study in Canada. Students from certain countries can alternatively apply through Canada’s Student Direct Stream, which offers faster processing times. 

You may be eligible to use Student Direct Stream to apply for your Canada education visa if you’re a resident of one of the following countries: 

• • Antigua and Barbuda
  • Brazil
  • China
  • Colombia
  • Costa Rica
  • India
  • Morocco
  • Pakistan
  • Peru
  • Philippines
  • Senegal
  • Saint Vincent and the Grenadines
  • Trinidad and Tobago
  • Vietnam

2. Gather and submit your documents 

Along with filling out the Canadian study permit application, you’ll need to provide the following documents as of October 2024: 

• • Valid letter of acceptance: Your Designated Learning Institution in Canada will provide this acceptance letter. 
  • Provincial attestation letter or territorial attestation letter: You can get this from your school, unless you’re studying in Quebec. If you’re studying in Quebec, you’ll need a Quebec Acceptance Certificate (CAQ) issued by the Government of Quebec.
  • Identification: This will generally be your passport, along with two passport-size photos. 
  • Proof of financial support: You’ll need to show you have enough money to cover your first year in university, as well as CA$20,635 to pay for living expenses. The requirements are higher if you’re traveling with family members. If you’re studying in Quebec, you’ll have to show proof of CA$7,541 if you’re under 18 and CA$15,078 if you’re over 18.

Some additional documents you may have to provide include: 

• • Letter of explanation: In this letter, you’ll explain to the visa officer why you want to study in Canada, as well as demonstrate you understand your responsibilities as a student. 
  • Medical exam: You might need a medical exam if you recently traveled to certain countries or will be working in a job related to public health. 
  • Custodian declaration for minors: This form may be required if you’ll be traveling to Canada with a minor. 
  • Country-specific documents: Depending on where you’re from, you may have to provide some other information. 

3. Pay the required fees 

It costs CA$150 to apply for a Canadian study permit. You can pay online with a credit card or prepaid card. The IRCC website accepts Visa, MasterCard, American Express, JCB and UnionPay.

4. Provide your biometrics 

You may be required to provide your fingerprints and photo to get your Canadian study permit. It’s best to book an appointment at a biometrics collection site ahead of time to make sure they can accommodate you. 

If this appointment is required, book it as soon as possible to avoid processing delays with your study permit application. The biometrics fee is CA$85 per individual. 

5. Await the decision 

Once you’ve submitted everything, IRCC will review your application and notify you if any documents are missing. You might also be asked to send more information or attend an interview with Canadian officials in your country of residence. 

You can check the status of your application by signing into your account on the IRCC website. Once your study permit application has been processed and approved, you can travel to Canada and begin your studies at university. 

Can international students work in Canada?

Unless otherwise specified, your Canadian study permit allows you to work up to 24 hours per week off campus after your program has started. During scheduled breaks, such as winter and summer holidays, you can work an unlimited number of hours. 

To work in Canada, you’ll need to get a social insurance number (SIN). You can apply for an SIN online here. You’re also allowed to work remotely for an employer in another country. This type of work won’t count toward the 24 hours per week maximum. 

If you want to work in Canada after your program ends, you must apply for a work permit or postgraduation work permit. A postgraduation work permit can allow you to live and work in Canada for up to three years, but only some universities are eligible for these permits. 

Check with your school to find out if your program is eligible for a postgraduation work permit. 

Preparing for your studies in Canada: Final tips 

Once you’ve got your Canadian study permit sorted out, you’re ready to embark on your educational journey in Canada. Studying abroad can be an exhilarating experience, but there can also be challenges with adjusting to the local culture and norms. 

Give yourself plenty of time and patience as you adjust to the new way of life. Make sure to use university resources that can ease your transition, such as an international student services office, academic tutoring, advising and writing help. 

You might also join clubs and participate in extracurricular activities to make friends and have fun outside the classroom. Time management is key, too, so come up with a schedule that will help you balance your courses, activities and social time. 

Finally, don’t forget about the weather. A lot of places in Canada get quite cold in the winter, which you may not be used to if you’re from a warm climate. Arrive prepared with warm clothes to get you through the winter months. One option available is to purchase warm clothes at thrift stores. 

For more guidance, check out our tips to prepare for studying abroad in Canada. 

Get visa support from MPOWER Financing 

Along with providing fixed-rate student loans to help you pay for university in Canada, MPOWER offers visa support through its Path2Success program. We help students navigate the immigration process and support you as you apply for your study permit. 

In partnership with the Canadian immigration experts at BorderPass, MPOWER can connect you with Canadian immigration lawyers and professional immigration experts. Learn more about how our Path2Success program can support you with step-by-step guidance for your journey to Canada. 

Exploring postgraduate universities and funding options in New York

Completing your postgraduate education in the Big Apple can be an exciting and unique experience for students studying in the U.S. The Institute of International Education’s (IIE) 2023 Open Doors Report found that New York is the second most popular state to host international students in the country.

Before finalizing where you’ll study abroad, here’s what to know about the best universities in New York, common admissions steps and financing your education.

Top universities in New York 

Whether you’re studying toward your master’s degree in the U.S. or another postgraduate program, New York is home to a host of high-ranking institutions.

Columbia University

Columbia University is one of eight private Ivy League schools in the U.S. It’s located in Manhattan and is known for its postgraduate programs in business and medicine.

During the fall 2023 term, over 20K international students were enrolled at Columbia University, and over 6,000 were participating in post-graduation optional practical training (OPT).

The cost of enrolling as a Columbia postgraduate student varies by your enrollment year, enrollment status and program. The 2024-25 estimated cost of attendance for full-time students who are pursuing a Master’s of Science program, for example, is US$100K. 

Cornell University

Located in Ithaca, New York, Cornell University is another New York-based Ivy League institution. It’s renowned for its postgraduate programs in computer science, engineering and business administration.

A significant percentage of Cornell’s student population are international students. According to the school, in fall 2023, 26% of its student community (6,745) are international students from 130 countries.

Like other postgraduate programs offered by the top universities in New York, the cost of attendance varies by your program and other factors. For example, tuition for students enrolled in the M.S. Business Analytics program during 2024-25 is US$85K. This figure doesn’t include fees and other expenses, like housing, food and transportation.  

New York University 

New York University (NYU) hosts most of its programs in Greenwich Village in Manhattan, with its engineering school in downtown Brooklyn. 

NYU hosts more than 21,000 international students and scholars from more than 120 countries. It’s known for its postgraduate programs in business, computer science and nursing. 

Your cost of attendance at NYU will vary greatly, based on your program. The total estimated expenses for F-1 and J-1 international students at NYU was US$120K  for those enrolled in the school’s full-time MBA program in 2023. Comparatively, postgraduate students enrolled at NYU’s Tandon School of Engineering were estimated to spend US$74K for the year.

Admissions process when studying in the U.S.

The admissions process, timelines and requirements for study abroad in the U.S. vary by school. If you’re interested in pursuing an advanced education in New York, here are the general admission steps to plan ahead for:

• • Meet academic requirements: You must meet the academic criteria of the program you’re applying for, including GPA and prerequisite courses.
  • Demonstrate English language proficiency: Be ready to provide your English language proficiency scores from an accepted English Language Proficiency Exam.
  • Gather supporting documents: Compile your supporting documentation, like proof of undergraduate degree completion, transcripts, letters of recommendation and proof of finances.
  • Apply: Fill out a formal enrollment application which might include a required statement of purpose or personal essay. Submit this, along with any required supplemental documents, by the application deadline. 
  • Complete interviews, as needed: Some New York universities might have an interview portion as part of its admissions process. Contact the school’s graduate admissions office to learn more about this requirement.
  • Apply for a student visa: After you’re accepted by a college or university in New York, the next phase is undergoing the U.S. immigration process as an international student. Learn more about how to get a U.S. visa.

New York-bound: Ways to fund your study abroad in the U.S. 

As you might’ve noticed, having enough funding to support yourself while studying in New York is critical to the university admissions and immigration process. Some students must pull funding from various sources. Below are some options if you need help financing your postgraduate study abroad in the U.S. 

Personal savings 

A majority of international students use personal and family savings as their primary funding source when studying in the U.S. The Institute of International Education’s 2023 Open Doors Report found that over 50%% of international students it surveyed said they paid for school primarily using their own funds.

Although you might have financial reserves available, attending New York’s most prestigious graduate universities comes at a steep cost. For this reason, it’s useful to explore other types of supplemental financial aid to help cover funding gaps. 

University scholarships 

Applying for scholarships is an impactful option for international students in the U.S. Scholarships are considered gift-based financial aid, so they don’t need to be repaid. There are various scholarship program types — like need- or merit-based aid — and each program has different eligibility criteria. 

For example, Syracuse University has previously offered 13 merit-based scholarships for international students, and recipients were determined during the application process. 

The 2023 Open Doors Report found that almost 20% of international students cited U.S.-based university scholarships as their primary funding source. Learn about postgraduate scholarships through the financial aid office of the New York college or university you’re interested in. MPOWER also offers scholarships available to international students across the globe. 

Private student loans 

International student loans are an additional, and common way to finance your postgraduate degree. If you’ve exhausted your personal funds and scholarship opportunities, an international student loan can help you cover the rest of your expenses while studying in the U.S.

One option for postgraduate students is MPOWER Financing’s no-collateral international student loan. It offers loan amounts between US$2,001 to US$100,000 at a fixed interest rate, and there’s no cosigner requirement to qualify. MPOWER has supported over 20,000 students in their study abroad journey and may be able to support you as well, check to see if you are eligible. 

 

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Creating a successful study abroad experience in New York

New York is home to some of the nation’s most esteemed and competitive universities.

Choosing to study abroad in the U.S., especially in New York’s diverse and bustling environment, can be a rewarding postgraduate experience.

If you think New York is the place for you to pursue your postgraduate education, then we recommend you’re convinced that advancing your education in New York is right for you, preparation is key you research schools offering  the academic programs that best align with your career goals, verify each school’s graduate admissions requirements and deadlines, and ensure you have proof you can support your education while in the United States.

Navigating an F-1 visa: Preparing for the spring semester in the U.S.

The typical academic year at U.S universities is divided into two semesters: fall and spring. The fall semester usually runs from September to December, while the spring semester goes from January to May. In between, you’ll usually get a three- to four-week long winter break, during which you can relax, travel and prepare for your spring studies. As an F-1 visa student in the U.S., here are some steps you can take to prepare yourself for a successful spring semester.

Learn about your legal requirements 

Your F-1 visa should be valid throughout the course of your program  –  these student visas often last up to five years, depending on the expiration date provided by your university. So while you don’t have to renew your visa along the way, you do have to continue fulfilling U.S. study visa requirements. 

For example, your passport should be valid at least six months into the future (ideally at least six months past the end of your program). If it’s set to expire, head to your country’s consulate in the U.S. or in your home country to renew it. 

Your I-20, a form your school provides to help you get a visa, should also be valid and accurate. And if you leave and re-enter the U.S., your I-94 record should correctly identify your status as an  F-1 visa student. 

As long as your records and passport are accurate and up-to-date, you shouldn’t have any issues with maintaining eligibility for your  F-1 student visa. 

Take a full course load 

As an F-1 visa student, the U.S. Department of Homeland Security says you’re responsible for “fulfilling the purpose for why the Department of State issued you your visa” and “following the regulations associated with that purpose.” 

In terms of academics, that means maintaining a full-time course of study each term, attending all your classes, and maintaining full-time academic progress. Think twice before withdrawing from a class, as doing so could mean you drop below full-time enrollment. 

If you’re struggling with your courses, speak with your designated school official (DSO) about your options. You may be able to reduce your course load in certain circumstances or qualify for an extension of your program of study. 

Stay in touch with your DSO 

Your DSO is the person to talk to if you have questions about the legal requirements of your international student visa or are experiencing challenges with your program. Reach out to your DSO if you’re interested in any of the following: 

• • Changing your major, program, degree level or education level
  • Transferring to a new university or taking a leave of absence 
  • Traveling outside the U.S. or moving to a new address 
  • Requesting an extension of your program beyond the expiration date listed on your Form I-20

If your DSO can’t help, you also have the option of emailing the Student and Exchange Visitor Program (SEVP) at sevp@ice.dhs.gov. ​​ 

Comply with student visa and work guidelines

If you want to work part time while you’re in school, make sure you’ve gained authorization from the appropriate party. This might be your DSO, or it could be the U.S. Citizenship and Immigration Services (USCIS). 

F-1 visa students may be eligible for curricular practical training (CPT) or optional practical training (OPT) after their freshman year. However, working without the proper authorization could mean forfeiting your  F-1 visa and having to leave the U.S. immediately. 

Plan your courses and credits 

You know you have to maintain a full course load in the spring semester to fulfill your F-1 visa requirements, but you may not know exactly what to take. Speak with your DSO and international student services office about your options and credit requirements. 

You might also have an academic advisor who can guide you on which courses to take to fulfill requirements for graduation and your major. Beyond that, look for courses that align with your personal interests and goals. 

You might also speak to fellow students about their course recommendations or experience with a certain class or professor. Being thoughtful about the courses you select can help ensure you have a fulfilling spring semester. 

Get involved on campus 

Spring is a great time to dive into campus life, make friends and experience American culture. Seek out clubs and organizations that align with your interests. Whether you’re into sports, theater, singing, art, board games or another hobby, you’ll likely find a group of like-minded peers. Many schools also have international student clubs that organize events and provide support as you adjust to life in the U.S. 

Keep an eye out for cultural festivals that will give you a firsthand experience of American traditions, too. Holidays and events like St. Patrick’s Day, Passover, Easter and Earth Day can be a great way to connect with others and immerse yourself in the culture. You might also look for opportunities to get off campus and explore your local surroundings. 

All of these activities can help you make friends, have new adventures, and enrich your experience in the U.S. Plus, they could provide a much-needed break from studying. 

Make the most of international student resources 

Adapting to campus life in the U.S. as an international student can be challenging. Make the most of campus resources to get guidance and assistance along the way. 

Your international student services office can help you out, and you may find other useful resources, too, such as free academic tutoring, mental health support and career services. 

Consider whether there are any clubs you want to join or extracurricular activities you’d like to try in addition to your studies. Engaging in campus life is a great way to adjust to the new culture, meet new people and make the most of your time studying in the U.S. 

Learn more about student visa and immigration basics for international study in the U.S. or Canada. 

International study programs: MBA

An MBA is a desirable graduate-level degree for young professionals hoping to climb the corporate ladder, develop leadership skills or pivot to another career. 

For those looking to study abroad in the U.S., it can be hard to know whether an international education in business management will support their career goals. Here’s what to expect from an MBA program, tips for applying and possible career options beyond school.

What’s an MBA program? 

A Master of Business Administration (MBA) is a graduate program, typically two years long, where students become skilled leaders and networkers. Students learn quick and accurate data analysis, business fundamentals and many important soft skills. 

Courses you might encounter in an MBA program include: 

• • Economics
  • Marketing
  • Accounting
  • Finance
  • Operations 

While MBAs typically have broad core curriculums, most programs offer concentrations in various subjects such as business analytics and technology management. Abundant networking possibilities, internships and experiential learning opportunities also contribute to the value of MBA programs. 

What are the benefits of getting an MBA in the U.S.? 

According to the 2024 GMAC Corporate Recruiters Survey, employers continue to express high demand for U.S. MBA graduates in 2024.

MBAs can offer significant return on investment (ROI), but it varies widely between programs. Though it may seem wise at first to avoid costly tuition fees, US News reports that graduates from high-ranking programs earn starting salaries three times higher on average than those who graduate from low-ranking schools.

The initial cost may be higher, but an MBA from a top U.S. institution can pay off in a big way. If your funds fall short, MPOWER offers no-cosigner, no-collateral private loans for students studying at MBA programs in the U.S. and Canada. To help you land a competitive starting salary, MPOWER students get access to exclusive professional development services. These include networking tips, resume building and an F-1 eligible job directory.

For support financing your international education and jumpstarting your dream career in the U.S., apply for an MPOWER loan now.  

How to prepare for an MBA program in the U.S.

An MBA is a huge financial and time commitment. Before commencing your international education, consider the following:

Choose the right program for you

Many applicants rely heavily on MBA rankings when determining which schools to apply to. While rankings are valuable, don’t neglect to consider other important factors such as location, available concentrations, school culture and program length.

Once you’ve found the right programs, check if they’re in MPOWER’s list of 500+ schools for loan eligibility. MPOWER-eligible schools are evaluated based on graduation rate, postgraduation employment rate and alumni earnings. Find your school to determine whether your selected program is available for an MPOWER loan.

Reflect on your career goals

Most MBA applications require a statement of purpose (SOP) in which applicants state their case for admission. There’s no perfect format for an MBA SOP; every school’s prompt will be slightly different. A compelling SOP should clearly state your career goals, why an MBA is crucial for your success, why you belong at that particular school, and what you will contribute. Before applying, clarify your ambitions, talents and why this is the right time in your career for an MBA.

Determine how to finance your MBA

Tackling the financial burden of a top U.S. MBA program can be intimidating. Most students require a combination of loans, scholarships and savings to finance their MBA; however, many lenders don’t accept loan applications from international students. 

MPOWER helps you receive your MBA through no-cosigner and no-collateral international student loans with competitive interest rates and no prepayment penalty. For additional funding, apply for MPOWER’s international MBA scholarship. 

Three jobs you can get with an MBA

An MBA can unlock a wide array of job opportunities for international students. Here are three jobs for MBA graduates with high compensation and excellent job growth forecasts: 

Computer and information systems manager

Annual base pay range: US$105,000-US$182,000

Computer and information systems managers employ technical expertise and managerial competency to direct the technological activities in an organization. They must have the necessary communication skills to coordinate with executives and negotiate with vendors as well as the technical skills to oversee the maintenance of complex computer systems. 

Personal finance advisor

Annual base pay range: US$71,000-US$132,000

Personal financial advisors help manage their client’s money and financial futures. They use interpersonal and analytic reasoning skills to create budgets and retirement plans, offer investment advice and help clients navigate taxes, insurance and mortgages. 

Medical and health services manager

Annual base pay range: US$80,000-US$135,000

Medical and health services managers direct and coordinate the business activities of healthcare facilities such as hospitals and nursing homes. As detail-oriented problem solvers, they keep meticulous records and make sure organizations comply with regulations.

Final thoughts: Getting an MBA in the U.S.

No matter your passion or academic background, an MBA can give you the necessary network, knowledge base and leadership skills to achieve your career goals. 

If you plan on studying in the U.S. and need help financing your MBA program, learn how an MPOWER international student loan can support your education at any of the top MBA programs in the U.S.

Exploring postgraduate universities and funding options in Toronto

More international students are choosing to advance their education in Canada thanks to its safe, multicultural environment and reputation for a quality education. 

According to the Canadian Bureau for International Education, more than 1 million international students were studying in Canada by the end of 2023. The province of Ontario, whose capital is Toronto, hosts the greatest percentage (52%) of study-abroad students.

If you’re thinking about completing a postgraduate study abroad program in Toronto, here’s what to know about the area’s top schools, what to expect with the admissions process, and study abroad advice for a successful experience.

University options in Toronto, Canada 

There are many colleges and universities for international students to consider in Toronto, but these are the three most notable universities, depending on your postgraduate goals.  

University of Toronto 

The University of Toronto offers more than 200 postgraduate programs and is best known as a research powerhouse in fields like medicine and artificial intelligence.

The institution had nearly 6,000 enrolled international graduate students during the fall 2023-24 academic year. Students’ top three home countries were China, India and the United States. 

Tuition costs for international graduate students range from CA$6,210 to CA$46,270 for the 2024-25 school year. This range, however, doesn’t include required non-academic fees.

York University 

York University is a globally recognized research institution offering three campuses to choose from. Its postgraduate programs include health, engineering, business and more.

There are more than 9,600 international students across all academic levels studying abroad at York University in Toronto. The top home countries of its international student population include China, India and Iran.

Tuition and fees for full-time international students are up to CA$43,300, however, costs can vary depending on your graduate program and the academic year or term of your enrollment.

Toronto Metropolitan University 

Formerly Ryerson University, the Toronto Metropolitan University offers graduate programs in engineering and architectural science, science, management and more.

More than 4,000 international students from over 140 countries choose to study abroad at the university during the fall 2023-24 year. 

Full-time tuition and ancillary fees for postgraduate study abroad students vary, based on your chosen graduate program. For example, the students enrolled in the school’s Master of Applied Science Aerospace Engineering program can expect to pay CA$29,289 for the fall 2024-25 academic year, while those pursuing a master’s in data science and analytics can expect tuition and fees at CA$27,219.

Toronto’s postgraduate study abroad admissions checklist 

Once you’ve identified a postgraduate program in Toronto that aligns with your academic and long-term career goals, you’ll need to prepare for Canadian admissions requirements. 

• • Academic standards: You must meet the GPA standards set by your university and postgraduate program. Ensure you’ve completed all prerequisites for enrollment and verified international equivalencies for your education in your home country.
  • Language proficiency: Toronto colleges and universities require that you meet English language proficiency requirements. If you’re a non-native English speaker, be prepared to provide a copy of your International English Language Testing System (IELTS), Test of English as a Foreign Language (TOEFL) scores. TEF or TCF scores for French language proficiency are also commonly accepted by Toronto schools, but double check your university’s specific requirements.
  • Application process: Take note of the school’s admissions application deadline and required documentation to include with your application. Also, be aware that there’s typically an application fee required.
  • Personal statement and references: Write a compelling statement of intent, including why you want to attend the specific university. Postgraduate programs often have their own specific admissions requirements, which might include letters of reference.

In addition to meeting the university’s academic and language requirements, international students must satisfy Canadian immigration and financial verifications. This includes obtaining a Canada study permit. 

MPOWER Financing has partnered with BorderPass to smooth the study permit application process. MPOWER Financing customers can access an exclusive BorderPass rate to receive study abroad advice from Canadian law professionals, as well as deadline reminders and status updates throughout the process.

Additionally, you must prove you have sufficient funds for tuition and to cover your cost of living while studying in the country.

Funding options for your postgraduate study-abroad education

Students can leverage their personal savings and monetary support from family back home. However, not all students and their families can do so. If you need additional funding sources to pay for your postgraduate education, there are a few options to consider.

Apply for scholarships and grants 

Scholarships and grants are financial aid that doesn’t need to be repaid after leaving school. Each program has different eligibility and application requirements. You can find these aid opportunities through government-sponsored scholarships and university-funded scholarships and grants.

For example, the Canadian Bureau for International Education offers the Global Affairs Canada International Scholarships Program. The program’s Study in Canada Scholarships offer graduate recipients a scholarship award valued at CA$12,700 for five to six months of graduate-level study or research in the country. 

If you were accepted into a Toronto-based university, learn about its available scholarship programs for international students. The University of Toronto, for example, offers a handful of scholarships, including the International Scholar Awards and In-Course Scholarships. 

Search for on-campus jobs and assistantships 

Finding part-time work while studying abroad can be challenging, but it’s possible. To get started, visit your campus’s international students office or career center to browse available part-time jobs on campus. These opportunities often have flexible work schedules that might better fit with your busy postgraduate workload.

Postgraduates can also look into teaching or research assistantships. In these roles, you’ll assist faculty and staff with various tasks and projects, depending on your appointment. 

Explore an international student loan from MPOWER Financing 

An international student loan from MPOWER Financing offers fixed-rate loans for up to US$100,000. This private funding can help you pay for academic costs as well as living expenses while studying in Toronto. 

As an MPOWER customer, you don’t need a cosigner or collateral to secure the loan. Plus, you can access benefits, like an interest rate discount for signing up for autopay and services through our Path2Success program. See if you’re eligible for an MPOWER loan today.

Living in Toronto as a postgraduate study-abroad student 

Living in a new country requires preparation and planning. It’s no different when pursuing a postgraduate study abroad program in Toronto. On top of paying for tuition, fees and mandatory supplies related to your curriculum, you’ll also need to budget in advance for certain expenses.

This includes on- or off-campus housing, utilities, meals, transportation and health care. Read more on how to successfully plan for life while studying in Toronto. 

Having a smooth postgraduate study abroad experience in Toronto 

Meeting Canada’s study permit requirement and your preferred university’s academic criteria will help your chances of starting your postgraduate study abroad journey. But seeing your academic goals through to graduation also involves securing adequate financing to support your education. 

Learn how an MPOWER Financing international student loan can help you fund your postgraduate education. 

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

Budget-friendly ways to enjoy the holiday season in the U.S.

For international students studying abroad on a budget, the holiday season can be an expensive time of year. It might seem impossible to afford gifts and celebrations, and increased travel prices may inhibit you from flying home to see family.

In a season dedicated to community and cheer, it can feel disorienting to be disconnected from loved ones. However, there are ways to navigate this season without breaking the bank or your spirit. Here are five fun, budget-friendly holiday ideas for international students in the U.S.

International student tip: Explore free and affordable local holiday events 

Though it’s hard to miss out on family traditions back home, embrace the opportunity to experience the holidays in the U.S. Many towns and cities host free and affordable holiday events like markets, tree lightings, festivals and parades. These are great places to take in the holiday spirit, try seasonal food and connect with your surrounding community on a budget.

The holiday season is also a perfect time to explore your neighborhood. Take advantage of your time out of the classroom to check out local museums, movie theaters and parks. Be sure to carry your ID with you, as many places offer student discounts.

International student tip: Volunteer 

Volunteering may be the most rewarding affordable holiday activity for international students. It doesn’t cost a thing, and it’s a great opportunity to connect with others over a common cause. 

This holiday season, consider volunteering at a local soup kitchen, charity or place of worship. Serving hot meals or participating in a toy drive can give you a sense of joy and gratitude in what may otherwise feel like a lonely season, helping you manage the holiday stress by centering on what’s really important.

International student tip: Hunt for holiday deals 

The holiday season may be expensive, but most U.S. stores and organizations also offer great holiday deals! You can hunt for bargains at big box stores, local shops or online. Remember to plan ahead: Wisely utilizing holiday discounts can help you maintain your study abroad budget for the year.

Apply for an MPOWER Financing loan if you need help financing your international education. MPOWER offers no-cosigner, no-collateral private loans for international students studying in the U.S. and Canada.

 

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International student tip: Connect with community 

Odds are, you aren’t the only international student staying in the U.S. this holiday season. Even if you don’t observe the same holidays, consider hosting a gathering of friends. Cut costs by having everyone bring their own traditional holiday dish or beverage.

You can also connect with your school’s larger international student community. Check out the international student resources at your MPOWER-eligible school. They likely host free, culturally-specific events for students spending the holidays in the U.S.

Spending time with friends and loved ones is what the holiday season is all about. You can still find meaningful connections and support abroad.

International student tip: Create your own traditions 

Throughout your academic journey, you may spend a few holiday seasons abroad. To make each season more homey than the last, check out these tips for international students looking to create their own, budget-friendly traditions:

• • Decorate your space: Add festive decorations to your living area that are meaningful to you. To avoid expense, try crafting your own.
  • Maintain special rituals: Rituals connect us to our families and cultures, so try to maintain the rituals you had growing up or create new ones with local friends. If you’re missing larger cultural rituals, consider attending a local place of worship or community center.
  • Give yourself something to look forward to: If you routinely struggle during the holiday season, give yourself a gift as a yearly tradition. Whether it’s a fun activity or an item you’ve been coveting all year, give yourself something exciting to help move you through the season.

If you struggle with your mental health over the holidays, remember you’re not alone. Check out your university’s health and counseling resources for support.

International student tip: Prioritize self-care

Take care of yourself this holiday season with affordable, community-oriented activities.

Spending the holidays abroad as an international student can be stressful and expensive. But, with a little intention, they can also be a time for exploration, connection and self-care.

While looking for inexpensive ways to enjoy the holiday season, don’t forget to start budgeting for the next year of your education. Apply for an MPOWER loan today to secure our lowest rates of the year!