How can international students apply for a loan to study in Canada?

June 25th, 2019 by Al C

How can international students apply for a loan to study in Canada?

How can international students apply for a loan to study in Canada?

According to The Canadian Bureau for International Education, 572,415 international students studied in Canada in 2018. This represents a 154% increase in international students in Canada since 2010. Canada is now the 4th most popular destination for international students, behind the USA, the UK, and China.

Why is Canada such a popular destination for international students?

  • The high quality of the Canadian education system
  • Canada has a reputation as a tolerant and non-discriminatory society
  • Canada has a reputation as a safe country

In fact, 96% of international students recommend Canada as a study destination, while 60% of international students say that they plan to apply for permanent residence in Canada.

Who are the international students in Canada?

In terms of student numbers, the nationalities with the largest representation of students in Canada are China (with around 28% of the market) and India (with around 25% of the market). US students represent only around 3% of all international students in Canada.

Where are the international students in Canada studying?

Across Canada the province with the largest number of international students is Ontario (48% of international students) with the next most populous provinces being British Columbia (24%) and Quebec (12%).

Funding for International Students in Canada

IEFA.org can connect international students with loan providers where they can access loans without cosigners, collateral, or credit history. These are available to students from 190+ countries pursuing degrees in any academic field.

Student loans are made available to international and DACA students studying in the USA and Canada. Undergraduate and graduate students within two years of graduating are eligible.

These loans can be used for past, current, and future semesters, and you can use the funds to pay for expenses including tuition, accommodation, food, insurance, and books.

The Benefits of an International Student Loan in Canada

  • For this type of loan, you don’t need a cosigner, collateral, or credit history
  • You can get a loan with a fixed interest rate from $2,001 to $50,000 – making budgeting easier and stress-free
  • Students from over 190 countries can apply
  • 10-year loans with no prepayment penalties
  • Interest-only payment period during school and 6-months post-graduation
  • Undergraduate and graduate students within two years of graduating are eligible
  • Loans are available to students attending one of the 300+ schools in the USA and Canada

How does the loan process work?

  • Check to see if your school and program are eligible.
  • Complete your application.
  • Receive a conditional offer after submitting your application.
  • Upload your requested documents and complete any further required paperwork.
  • Receive a final approval after all of your uploaded documents are verified.
  • Your school certifies your enrollment status with the loan provider. Once that is done, your funding is disbursed directly to your school on an agreed upon date.

How much will the loan cost?

Please note that every case is different, but here is an example for informative use only – this is not a guarantee of costs for your individual circumstances.

An international (non-US, non-Canadian) student studying a Master’s-level program borrowing $10,000 USD would expect to repay $100.54 per month during their studies and for 6 months after graduation, and then $141.62 per month thereafter.

Find out more and apply for your International Student Loan in Canada today.

More on Loans That Do Not Require a Cosigner in the US and Canada

10 things you need to know about international student loans


Global Citizen Scholarship & Women in STEM Scholarship: Application Deadlines approaching!

June 12th, 2019 by Al C

On the IEFA Scholarships listings we have 2 exciting schoalrships for International students in the USA and Canada whose deadlines are approaching FAST!

The Global Citizen Scholarship

Global Citizen Schoalrships for International students in the USA and Canada

Provided by: MPOWER

Application Deadline: July 15th

About this scholarship:

This scholarship has been designed to reflect the diversity of international students studying in the USA and Canada.

To qualify you must be enrolled full-time at a US or Canadian school that MPOWER supports, and you must be an international student allowed to legally study in the U.S. or Canada. U.S. citizens wishing to study in the U.S. and Canadian citizens wishing to study in Canada are not eligible for this scholarship.

This scholarship is not restricted to a field of study – students from all fields can apply.

Find out more.

The Women in STEM Scholarship

Women in STEM Schoalrships for International students in the USA and Canada

Provided by: MPOWER

Application Deadline: July 15th

About this scholarship:

This scholarship program is aimed at women who will use their STEM degree to the greater benefit society and the planet and who have the potential to serve as role models and advocates for women in STEM.

To qualify you must be accepted at, or enrolled in, a full-time STEM degree program at a US or Canadian school that MPOWER supports, and you must be a female international student allowed to legally study in the U.S. or Canada. U.S. citizens wishing to study in the U.S. and Canadian citizens wishing to study in Canada are not eligible for this scholarship.

For the purposes of this award, STEM is interpreted as any program leading to a bachelor’s or Master’s Degree, or a Ph.D. that is in any field of science, technology, engineering, or mathematics. This does not include medical or nursing programs.

Applicants must submit an essay detailing their professional or academic accomplishments in STEM, their future career goals, and how their degree program will help them to achieve these goals.

Find out more.

Further Resources:

International Scholarships

International Student Loans without a Cosigner

International Student Loan Center


Loans That Do Not Require a Cosigner in the US and Canada

May 31st, 2019 by Al C

Loans Without a Cosigner for International Students in the US

International student loans in the USA no cosigner required

If you are already, or are going to be an international student in the US, it will be required of you to have a cosigner while applying for a loan.

If you do require a cosigner, the cosigner must be a US citizen or permanent resident, and they must have lived in the US for more than 2 years. They should likewise have good credit history. Non-US natives and non-US permanent residents are not allowed to be a cosigner for international student loans.

Despite of the fact that most international student loan applications require a cosigner, students attending a growing number of schools and colleges in the US and Canada can apply for a loan without one.

If you do not have a cosigner, there is guidance on how to find one in the International Student Loan Resources, but looking for a “no cosigner loan” could be the best choice for you.

Since most international students in the US don’t have any financial history there, a cosigner joins the loan application process. Approval for the loan and the interest rate applicable are then based upon the perceived reliability of the cosigner.

The cosigner is then lawfully bound to repay the loan if the borrower does not make the payments.

Don’t have a cosigner? If research doesn’t help you find one, see if a loan that doesn’t require a cosigner is available for you.

With loans that do not require a cosigner, rather than using the applicant’s credit history, lenders assess your education and career path, in addition to other factors when making a decision on approval for a loan. These might include your nation of origin, graduation date, and what school you are attending.

The majority of student loans available for international students are solely for non-US natives who will be in the United States. However, a new option helps students apply for loans at a number of colleges in Canada as well!

Loans for International Students in Canada

International student loans canada no cosigner required

International Students in Canada may now apply for an international student loan without a cosigner!

International Student Loan has partnered with a lender that can offer loans to students from over 190 countries, including the US, who are attending select schools in Canada. Up to this point it has been hard for international students to finance university education in Canada, but thanks to MPOWER Financing and International Student Loan, there are now various schools in Canada where no-cosigner loans are available.

International students at eligible schools can apply for a loan to fund the expense of your education including the cost of tuition, lodging, sustenance, insurance, and supplies.

As referenced previously, with this sort of loan, rather than focusing on your or your cosigner’s financial record, the loan specialists take into account different factors. For example, your education and future career, your nation of origin, your expected graduation date and what school you will be studying at will be considered

Students who are not US natives or permanent residents, and who are going to schools outside the US/Canada are not presently qualified for international student loans.

Finding and Comparing No-Cosigner Loans

International students should use the loan comparison tool to see whether they can apply for a loan without a cosigner and if their chosen school is available. Provided that this is the case, they should then be able to review the terms and conditions of the credit agreement and apply online.

While inquiring about a no-cosigner loan, here are a couple of things you should consider:

  • The amount you can borrow
  • The interest rate (and whether it’s fixed or variable)
  • Repayment terms
  • How the loan is disbursed

When your application has been assessed you will get further information about your loan and the terms and conditions. These will cover the financing cost and the total amount you can obtain. These will differ by loan specialist and depend on your circumstances.

No-cosigner advances through our partner have a fixed rate of interest and enable you to access up to $50,000 in a 2 year period. You should state the amount you might want to borrow on your application.

Once approved for the loan, the funds are disbursed directly to your school or college.

The whole process takes around about a month and a half, so you should plan ahead and ensure that you make your application in time.

To check whether there are no-cosigner loans at your school, start with the loan comparison tool.

Find out more about International Student Loans.


The 2018 InternationalStudent.com Travel Video Contest Winners Announced

November 16th, 2018 by Juncal


The 2018 InternationalStudent.com Travel Video Contest winners have been announced! For all the ones who have been following the contest, you know that it wasn’t an easy decision for our judges since all the finalist videos were incredible, but they had to come with 3 winners. Today, the last day of International Education Week, we are pleased to announce the final winners of the 2018 contest:

The $4,000 grand prize winner: Mariana Barbosa with Remembering to Live

Mariana is from Brazil, an amazing country that unfortunately, due to all the budget cuts, had to cut off student scholarships at federal universities. For this reason, Mariana put her eyes on another country that will bring her more opportunities and new experiences, Canada! Mariana will walk away with the $4,000 grand prize to help her study in Canada!

The second place winner ($500): Prabhat Gurung with: Me and my Camera

Prabhat is from Nepal and he moved to New Jersey to began his undergraduate education. In the United States, Prabhat has made new friends and shared his culture with his fellow international peers. It’s there where he found out what his true passion was: a camera. He wants to go home and share with his people everything he has learned while being abroad. Prabhat will receive $500 to help him pursue his dream of  sharing the beauty of Nepal with the world!

The third place winner ($250): Hoang Thuy Ha with Why Later?

Hoang is from Vietnam and found in dancing a therapy that made her a more confident person. She found this passion at the age of 30 and advises you not to wait any longer to follow your dreams. She will take home $250 to help her study dance therapy abroad.

Next year InternationalStudent.com will host their annual Travel Video Contest and you won’t want to miss out! Check back on September 2019 for your chance to enter the contest!


The 2018 InternationalStudent.com Travel Video Contest Finalists and Viewers’ Choice Winner Announced

November 15th, 2018 by Juncal

In late August InternationalStudent.com invited you to participate in their annual Travel Video Contest where students can create a 4 minute or less video describing their proposed study abroad, or any trip they would like to take if already studying abroad. After receiving numerous entries with emotional and inspiring videos, InternationalStudent.com has announced who the lucky finalists are, including the Viewers’ Choice Winner.

We encourage you to watch their amazing videos and listen to their unique stories- perhaps one of your favorites was nominated within the 12 finalists! To choose the three final winners, InternationalStudent.com has a Judging Panel comprised of leaders in international education.

As well as watching the 12 finalist videos, we encourage you to check out the Viewers’ Choice winning video: Leaving Routine Behind, created by Kaleema Lowery, who is actually participating for her second time in this contest! Winning the Viewers’ Choice Award means she not only will receive $1,000, but also gains automatic entry into the finalist round. Check out Kaleema’s video and let her tell you her story through her moving video, where she shares her desire to visit and live in South Korea in order to leave the routine behind.

Stay tuned as the 3 winners will be announced during the last day of the International Education Week: November 16th! If you’re interested in entering this Travel Video Contest next year make sure you sign up to receive the latest alerts from InternationalStudent.com.


University of Arizona International Tuition Award

October 24th, 2018 by Juncal Caballero

University of Arizona
Deadline: April 1st

Looking to study at the University of Arizona (UA) but can’t afford the tuition? This is your chance! The UA is offering Tuition Awards to international students that go from $4,000 to $24,000 per academic year.

The University of Arizona is one of the United States’ most respected public research institutions. The UA provides more than a world-class education, they help students develop the necessary skills of discovery, research, and creativity and that’s why you can’t miss this opportunity to study there!

What’s the scholarship about?

In recognition for students who exhibit an outstanding academic performance, the University of Arizona offers the International Tuition Award which offers $4,000 – $24,000 per academic year for freshman, and $5,000 per academic year for transfer students.

Eligibility:

  • International applicants whose primary language is not English, or who attended school in a non-English speaking country, must prove English proficiency.
  • Must verify your lawful presence as described under Arizona’s Proposition 300.
  • Semesters without lawful presence verified will be lost and counted against the scholarship’s total eight semesters.
  • Awards are for undergraduate studies only.
  • In addition to the criteria above, submit a complete application and all required documents.
  • Scholarship recipients must accept their award by paying their enrollment fee by May 1 for freshmen and by June 1 for transfer students.
  • Sponsored students are not eligible. However, if sponsorship is for years two – four only, a one time award may be applied per the charts above.
  • Non-degree seeking, exchange, and conditionally admitted students are not eligible.

If you meet the criteria, be sure you submit your application on time for the next fall semester!

Get more details on the University of Arizona International Tuition Award and how to apply.


Trendhim Scholarship

May 24th, 2018 by Juncal Caballero

Trendhim Aps
Deadline: November 1st

The Trendhim Scholarship was created to empower and support the future of ecommerce superstars, and each year Trendhim Aps supports one or more students by providing them with €2.000.

The Scholarship was founded to cover costs associated with ecommerce education or projects, which can cover travel expenses, conference fees, meals, or school attendance.

Eligibility

To be eligible to apply, you can be from anywhere in the world and be any age. You also must be studying one of the fields below:

  • Fashion
  • Marketing
  • IT
  • Sales
  • Organizational Design

PhD students can also apply for the Scholarship. It is expected that the person(s) receiving the support subsequently offers a brief description of the results accomplished or abilities obtained with the help of the scholarship.

How to Enter

In order to be considered, your education or project for which you’re seeking funds should be related to ecommerce.

You are expected to submit a proposal in which you clearly explain what the funds will cover, along with a budget. Name, address, and telephone number must be included. Then, submit your proposal to csr@trendhim.com.

Get more details on this scholarship and how to apply here.


Full Sail Global Achievement Scholarship

March 23rd, 2018 by Juncal Caballero

Full Sail University

Deadline: Applications must be submitted prior to the desired start date

Full Sail University is an American private, for-profit university located in Florida. Full Sail is dedicated to helping creative students follow their dreams in the entertainment and media industry. With students from over 65 countries, 110 world-class recording studios, and many spacious film soundstages, Full Sail’s innovative and accelerated style of education provides a unique real-world education in film, music, animation, video games and recording arts.

Full Sail University is offering students the opportunity to  apply for the Full Sail Global Achievement Scholarship, which is designed to encourage and develop future international entertainment and media professionals throughout the world.

What is it?

Through the Global Achievement Scholarship, eligible participants may receive up to $5,000 toward the tuition of their Full Sail campus degree program. If you are interested in attending Full Sail University and applying to this scholarship find more information about it here.

Eligibility

To be eligible you must:

  • Be a non-US citizen or non-permanent resident, as defined by Full Sail University.
  • Applicants must have applied for one of the following immersive campus degree programs: Computer Animation, Creative Writing, Digital Arts & Design, Entertainment Business, Film, Game Art, Media Communication, Music Business, Recording Arts, Show Production, or Sports Marketing & Media.

How to enter

  • Complete and submit the Global Achievement application, and an original 250-word essay on “How My Full Sail Education Will Help Me Achieve My Career Dream” prior to the first day of class.
  • The Global Achievement Scholarship application must be submitted to the Full Sail Scholarship Committee prior to the desired start date.
  • To apply for this scholarship, please contact your admissions representative.

 

Get more details on this scholarship and how to apply.


International Summer School Scholarship

December 14th, 2017 by Juncal Caballero

University of Sussex Scholarship

Deadline: March 10th

Have you ever dreamt about spending a summer in England? Dream no more! The University of Sussex offers you the opportunity to experience a life-changing summer in its International Summer School!

The International Summer School at the University of Sussex provides an opportunity to meet and study with people from all over the world and is now offering a 50% scholarship to spend next summer on its campus! The International Summer School program lasts for 4 weeks, just enough time to have an immersive cultural experience! And it gets even better as the program also includes social activities such as Harry Potter tours, karaoke nights and pub quizzes.

How to apply?

The Sussex teaching system is based around intensive, small-group teaching through lectures, workshops and labs. Each module carries 15 credits and lasts for four weeks and the start date for Module A is from June 23 and for Module B from July 22.

To apply, just follow these three steps:

  1. Complete the Sqore challenge.
  2. Decide which ISS module works best for you.
  3. Apply online to the International Summer School.

Do you want to know more about the school and city? The University of Sussex was founded in 1961 and is located in Brighton, England, which has been known as “London by the Sea.” Brighton quickly established an international reputation for the quality of its research, for its innovative and effective styles of teaching, and for attracting scholars from all over the world. Brighton is an amazing place to be a student as you will enjoy the sun and the sea. It also has great places to eat and drink, many shops and any other entertainment activity you can find in any other big city. Are you excited now? Get more details on the International Summer School scholarship and apply before March 10th!


The 2017 InternationalStudent.com Travel Video Contest Winners Announced

November 22nd, 2017 by Juncal Caballero

If you’ve been wondering what happened with the InternaionalStudent Video Contest, the wait is over! InternationalStudent has just revealed who the lucky final winners are. Like every year, the quality, creativity and originality of the videos surprised the judges and although it was not an easy decision, the three final winners were selected.

The $4,000 Grand Prize Winner: Dini Restyanti  with “Finding My Ikigai”

Dini displays her great talent for animation through this video!  Her skills have impressed us all and we are sure that she soon will find her “Ikigai”, which in Japanese means: “a reason to wake up in the morning”.Congratulations, Dini!

Second Place Winner: Laura Reyes with “Drawing My Trip”

Laura has always dreamed of becoming a recognized producer. She creates and displays the emotions of people through her work. In order to achieve this, a great deal of effort is involved, but to become a master in her field, Laura believes she needs the best possible education and must move to Los Angeles!

Third Place Winner: Eliel Freer-Sullivan with New York, New York, My American Dream

Eliel is a great Brazilian composer and singer who decided to tell us his story with a song that not only shows us that he is a brilliant composer, but also that he has an incredible voice!

Congratulations to the final winners who more than deserved these awards! Feeling like you missed out? Not to worry! Remember that the contest takes place every year, so it’s never too soon to gear up for our next contest!


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