Navigating successful visa approval for Canadian studies with MPOWER Financing

By Corinne Dorsey | In All blogs, Studying in Canada, Visa and Immigration Tips | 7 February 2025 | Updated on: February 25th, 2025

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

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

Understanding the Canadian study permit process 

Get accepted by a Designated Learning Institution (DLI) 

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

Complete the online study permit application 

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

    • Proof of acceptance: A formal letter of acceptance from your DLI validates your admission and is crucial for the permit.
    • Proof of identity: A valid passport or other travel documents confirm your identity and nationality.
    • Proof of financial support: This includes documents such as scholarship awards, evidence of personal savings or details of your student loans, like those possibly secured from MPOWER Financing. 
    • Provincial attestation letter: This letter from the province where you will study confirms your admission into a regional educational program.
    • Study plan: This should detail your program of study and why you chose this program. 

Attend a biometric appointment and interview 

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

How MPOWER Financing can help with your study permit and visa

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

    • Loan amount
    • Disbursement process and schedule
    • Repayment plan

BorderPass partnership 

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

MPOWER’s 500+ eligible schools 

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

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

 

Apply Now

 

Author: View all post by Corinne Dorsey

Submit a Comment

Your email address will not be published. Required fields are marked *

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 GowdaMain Road, Next to Nagavara, Bengaluru, Karnataka 560045, India
Apply Now