The partnership will assist bright students
from around the world navigate the challenges of the Canadian
immigration system and successfully begin studying at a top
Canadian university
WASHINGTON, May 21, 2024
/PRNewswire/ -- MPOWER Financing, a mission-driven fintech
firm and the leading provider of no-cosigner loans to promising
international students, today announced a partnership with
BorderPass, an online platform that supports international students
moving to Canada. The partnership
will help facilitate a more streamlined and accessible immigration
process for students by assisting high-achieving students globally
in navigating the Canadian study permit application process.
BorderPass and MPOWER are dedicated to
empowering international students to fulfill their dreams
"MPOWER has always been committed to helping talented
international students secure a high-caliber education in
Canada, and our partnership with
BorderPass marks a significant milestone in our commitment to
assist international students with benefits beyond education
funding," said Lisa Kaplan, head of
Product and Digital Platforms at MPOWER Financing. "By
collaborating with BorderPass, we are creating a seamless path for
international students to leverage expert immigration services
alongside their MPOWER student loan. We're thrilled that
BorderPass's guidance will enable more opportunities in
Canada for students from around
the world."
Through this partnership, students who get financing from MPOWER
to pursue a top Master's or MBA degree in Canada will have access to the BorderPass
platform for immigration support. BorderPass supports international
students as they navigate the study permit process, providing
comprehensive services and expert advice through every step of
their application, visa, documentation, work permit, student
life.
"BorderPass and MPOWER are dedicated to empowering international
students to fulfill their dreams by offering comprehensive support
for both their financial and immigration journeys," said
Sally Daub, co-founder of
BorderPass. "Together, we provide students with the tools and
assistance they need to unlock access to Canadian education,
ensuring a secure and seamless journey throughout their studies and
beyond, wherever their aspirations may lead them."
The BorderPass partnership is a testament to MPOWER Financing's
commitment to removing barriers to education and offering
financially sustainable loans to international students. In
addition to receiving MPOWER's collateral-free and cosigner-free
loans for international students studying at Canadian and American
universities, students benefit from visa and immigration guidance;
job search and career support and access to financial resources
like credit cards, debit cards and other exclusive offers through
MPOWER's Path2Success program.
MPOWER completed its first securitization last week, enabling
approximately US$215 million of
education loans for international graduate students at leading
universities. The securitization, the first in the U.S. for
international student loans, was completed with Goldman Sachs &
Co. LLC serving as structuring agent and joint bookrunner and
Deutsche Bank Securities Inc. as joint bookrunner.
About MPOWER Financing
Headquartered in Washington, D.C., and with employees
worldwide, MPOWER Financing 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 400 top universities across the U.S. and
Canada to provide financing to
students from over 200 countries. The MPOWER team primarily
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 has been named a
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.
About BorderPass
BorderPass was founded by legal and
tech experts with a mission to improve the immigration management
and compliance process for learning institutions and international
students by providing a software platform focused on student
success and employment outcomes. BorderPass provides international
students with access to Canadian lawyers and trustworthy, ongoing
advice and tools for future employment and permanent residency
goals. BorderPass also supports esteemed colleges and universities
in remaining compliant with government mandates and standards of
practice, through accurate data and visibility into the status of
their international student body. For more information,
visit borderpass.ca.
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SOURCE MPOWER Financing