Studying in Canada

Latest blog posts

International study programs: Accounting

International study programs: Accounting


09 Jan 2025 Jenna Barufka
International study programs: Nursing

International study programs: Nursing


25 Sep 2024 Jennifer Calonia
International study programs: Data Science

International study programs: Data Science


25 Sep 2024 Jennifer Calonia
Can international students apply for a loan?

Can international students apply for a loan?


27 Dec 2022 MPOWER Financing

Explore MPOWER blog categories

FAQs

Yes, MPOWER provides loans to eligible international students in Canada. No cosigner or collateral is needed. The loan can cover tuition and other education related expenses invoiced by the university.

Living expenses typically range from CA$10,000 to CA$15,000 per year. This includes housing, food, transport and basic needs. Costs vary depending on city, lifestyle and accommodation type.

You must have a letter of acceptance, valid passport and proof of financial support. Most students also provide biometrics and may need a medical exam. Apply online via the official Canadian government website.

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.

2025 © MPOWER Financing, Public Benefit Corporation NMLS ID #1233542

U.S. office India office
1101 Connecticut Ave. NW Suite 900, Washington, DC 20036 The Cube at Karle Town Center, 9th Floor, 100 Ft, Nada Prabhu Kempe Gowda Main Road, Next to Nagavara, Bengaluru, Karnataka 560045, India
Apply Now