Postgraduate universities and funding in Ontario
Ontario is a sought-after destination for international students studying abroad on a budget. Diverse and student-friendly cities like Toronto and Ottawa offer some of the country’s best universities, and the cost of living in Canada is lower than in other English-speaking countries like the U.S.
However, tuition fees and living expenses can still add up. If you’re considering pursuing your postgraduate education in Ontario but aren’t sure how to fund it, MPOWER offers international student loans without cosigners or collateral.
Here are the benefits of studying abroad in Ontario and how MPOWER can make it possible.
Why study in Ontario with an MPOWER loan for studying abroad?
More immigrants settle in Ontario than in any other Canadian province, drawn to its welcoming atmosphere, bustling cultural centers and high quality of life.
Ontario’s two biggest cities, Ottawa and Toronto, are home not only to several high-quality academic institutions, including University of Toronto and Queen’s University, but also to lively arts scenes and great job opportunities. Canada’s capital and financial center, respectively, international students studying abroad on a budget in Ottawa and Toronto will enjoy great opportunities for professional development.
At which Ontario university should I study with an MPOWER international student loan without a cosigner?
MPOWER-eligible schools offer some of the best learning outcomes in Ontario. MPOWER’s proprietary algorithm evaluates higher-learning institutions based on factors like alumni employment rate and earnings so that all MPOWER customers can receive the best education and career development possible.
Here are three top MPOWER-eligible Ontario schools* and their most commonly selected majors:
University of Toronto
With a student population of approximately 100,000 and ranked the best university in Canada, the University of Toronto has a broad range of rigorous postgraduate study options. In particular, it’s a leader in computer science, biology and physics research. Popular postgraduate programs include:
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- Health and medicine
- Law
- Business
- Engineering
- Computer science
Queen’s University
For a more intimate university experience, international students studying abroad on a budget should consider Queen’s University. Located in the lakeside city of Kingston, Queen’s University is known for its tight-knit student body and strong academics. Popular postgraduate programs include:
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- Law
- Business administration
- Engineering
- Finance
McMaster University
McMaster University is known for its research in the health sciences and its problem-based learning methods. It offers postgraduate programs across six areas of study, including:
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- Health sciences
- Business
- Social sciences
- Engineering
By studying at an MPOWER-eligible school, you can benefit not only from MPOWER’s international student loans without a cosigner, but also from MPOWER’s visa, financial and career support through the Path2Success program.
To find the program that best suits your academic and professional goals, check out MPOWER’s list of 500+ eligible schools.
*Schools mentioned in this post do not endorse MPOWER’s loans and MPOWER is not affiliated with the schools noted in this message.
Funding your Ontario education with student loans for studying abroad
Canada may be a more affordable study-abroad option among English-speaking nations, but an international postgraduate education is still a major expense. Canadian postgraduate degrees can cost as much as CA$40,000 per year. Be sure to consider all your available funding options, from financial aid to student loans for studying abroad.
Financial aid
International students studying in Ontario can browse scholarship opportunities through EduCanada. Eligibility for different scholarships varies. Students can also explore financial aid offerings from their chosen academic institutions. At the University of Toronto, Queen’s University and McMaster University, international students are automatically considered for entrance awards and scholarships upon admission, but the available funds are limited and competitive. In addition, students can work on campus to subsidize their tuition.
Student loans for study abroad
For most international students, Canadian financial aid packages and personal savings are insufficient to cover their total educational expenses. An MPOWER international student loan with no cosigner or collateral can make up the difference.
With MPOWER, you can borrow up to US$100,000 to fund your study abroad tuition and university-invoiced expenses. MPOWER loans have fixed interest rates and no prepayment penalty, making your repayment plan as simple as possible.
MPOWER students studying in Ontario also benefit from immigrant support through MPOWER’s Path2Success program and partnership with BorderPass. From visa support before you arrive to career services after you graduate, MPOWER will be with you every step of the way.
Final thoughts: Funding your Ontario education with MPOWER loans for study abroad
Ontario’s friendly cities, low cost of living and elite academic options make it a magnet for international students studying abroad on a budget. To finance your Ontario education with an international student loan that doesn’t require a cosigner or collateral, consider MPOWER. It takes less than a minute to get started.
