Study in the USA vs. Study in Canada
July 24th, 2020 by Al C

Study in the USA vs. Study in Canada

If you’re reading this then you must be interested in comparing Study in the USA vs. Study in Canada as an international student.

Well, you’re in the right place – because in this article we’ll cover some of the major benefits of studying in these countries.

So let’s dive right in with

Why you should consider studying in the US

Flexibility in deciding your major field of study

48 of the top 100 universities around the world are reported to be in the USA. One of the biggest factors that differentiates US colleges from other universities around the world is the flexibility in academic fields.

You are not usually required to decide your major until after your second year of study. Most students will use these two years to pursue different academic interests before they settle on a major. In most other nations, students are required to decide their field of study before they even apply.

A varied, general education

Most colleges in the U.S. require you to take general education or core courses.

These give you the opportunity to learn about a wide range of academic subjects – not just your major or concentrated research area. These “liberal arts” courses cover topics from writing to science.

Opportunities for internships & career prospects

You can get a head start on your career with an internship – which most US colleges offer. You can get hands-on experience and gain real-world exposure to your field, plus the chance of better-paid work after graduation because you already have some in-work experience.

Read more about working in the US

On-campus activities

U.S. colleges and universities are renowned for offering a huge variety of sports, clubs, societies and activities outside of the classroom. Whatever you’re interested in – you’ll find it on campus!

Diversity

Students from all over the world study in the US. When you’re one of them, you’ll have the ability to meet new people from different cultures every day, learn new languages, make friends and learn about other cultures.

Specialist International Student Assistance

Many schools have a dedicated office entirely devoted to helping their foreign students with any needs. They might assist you with improving your English, or dealing with visa problems , financial aid and even adapting to cultural differences in your new home.

One important thing to note with studying in the US is that it can be very expensive – significantly more expensive than many other countries around the world. you can learn more about how to fund your education in the US in this article:

Financial Aid for International Students in the USA

And you can find out if you are eligible for a loan:

You can also find International Scholarships.

Why you should consider studying in Canada

High Quality Education

A Canadian degree is just as valuable as a degree from the United States , Australia, or the United Kingdom.

Canadian universities perform well in international rankings, and Canadian Universities rank in the top 50 universities worldwide.

Whether you’re attending a university, college, or technical school, there’s no doubt that a Canadian education is a world-class education.

Economically Viable

For most students looking to study abroad, expense is the most significant barrier.

And while international students at Canadian universities do pay higher tuition fees than domestic students , the average annual tuition for a Canadian undergraduate degree for a foreign student is significantly lower than the United States, Australia, or the United Kingdom.

Foreign students also need to find housing and fund their daily life. Relative to many other top destinations for foreign students the cost of living in Canada is quite affordable. And when you add the average annual cost of living being lower than other countries with average annual tuition fees which are also lower, Canada seems like a very good opportunity, indeed.

Remember that loans for international students in Canada are also available if you need additional funding:

You can also find International Scholarships.

Work And Study

While Canada is a fairly affordable option in global terms, studying abroad is unquestionably costly.

Thankfully, foreign students in Canada are entitled to work up to 20 hours per week during school term time and full time (30 hours per week) during scheduled breaks such as vacations. Most students don’t need a work permit to work while they are studying.

Security

Personal safety is another big reason many students choose to come to Canada. It can be scary to study abroad, because you leave your family and friends – your safety net – in your home country. Canada was ranked 8th most peaceful nation in the world by the Institute for Economics & Peace. Canada’s location and relative isolation offers a bit of a buffer against most international disputes.

Canada has a freely-elected government, and Canada’s Charter of Rights and Freedoms protects the basic rights and freedoms of people living in Canada. Canada’s reputation around the world is that of an inclusive and non-discriminatory country. Immigrants make up 20% of the entire population of Canada and Canadian laws ensure that all people are shielded from discrimination regardless of their circumstances.

Opportunities for Immigration

As an international student you usually get temporary status in the country where you study. When you graduate, you usually need to return home.

Unlike many countries, though, Canada has a number of programmes that enable the transfer of international students to permanent residence status after their studies. Options such as the Post-Graduation Work Permit allow students to stay and work after graduation on an unrestricted work permit, and give them the opportunity to gain some Canadian work experience. Most Canadian provinces have Provincial Nominee programs for applicants with experience studying or working in the province, and the points-based immigration system rewards Canadian work and study experience. About half of all international students consider applying for permanent residence in Canada after their studies end.

The Economy

Canada is one of the world’s biggest economies, and there are plenty of incentives for graduates to work. You have the ability to meet and network with leaders in your chosen field. And you can gain valuable experience working for industry-leading companies in Canada while you study, or after graduation.

If you want to return to your home country, your Canadian education and enhanced language skills in either English or French might provide global opportunities.

If you choose to live in Canada, Canadian employers appear to favour Canadian work experience over international work experience , so your student and work experience could make you stand out above other applicants!


So there you have it! Some great reasons why you might want to choose to study in the US or Canada! Let us know in the comments where you want to study!


Read more:

Repayment of Loans in 2020

What Coronavirus Means for Student Loans


Loans for international students in Canada – cosigner not required!
March 16th, 2020 by Al C

Until recently loans for international students in Canada were not widely available – but things have changed. Read on for more!

Hand holding maple leaf - Loans for international students in Canada

The Canadian Bureau for International Education reports that over half a million international students studied in Canada in 2018. That’s more than a 150% increase since 2010. As a result, Canada has overtaken France and Australia to become the 4th most popular destination for international students behind the USA, the UK, and China.

Once students have exhausted all other available sources of funding such as family support, personal savings, and financial aid from their school, they often need to turn to a student loan to cover any remaining costs of their studies.

This was very difficult to do until recently because of the lack of availability of loans to international students in Canada.

Now, International Student Loan allows these students to connect with loan providers where they can access loans without requiring any credit history, without needing any collateral, and even without a cosigner. These loans are available to students enrolled in Bachelor’s and Graduate degrees in any academic field from countries around the world at 300+ colleges and universities across the USA and Canada.

Students who will be graduating within two years – whether they are undergraduate or graduate students – may apply.

The Benefits Loans for International Students in Canada – without Cosigners

  • For this type of loan, you don’t need any credit history in the US or Canada, a cosigner, or any collateral
  • You can borrow from $2,001 to $50,000 with a fixed interest rate
  • Students from over 190 countries are eligible to apply for these loans
  • There is a 10-year repayment period and no prepayment penalties
  • During school and for 6-months after graduation there is a lower, interest-only payment period, making it more affordable at the time
  • These loans are available at over 300 schools across the USA and Canada
  • Undergraduate and graduate students who will be graduating within two years are eligible
  • You can use the funds to pay for expenses including tuition fees, accommodation costs, food, student insurance, and books
  • They can be used for past, current, and future semesters.

How does the process work?

  • Check to see if your chosen school is on our list
  • Complete your application online in just a few minutes
  • Receive a conditional offer from the lender
  • Upload documents the lender requires to complete your application.
  • The lender checks to make sure everything you have provided is in order, then sends you final approval of your loan
  • The lender contacts your school to confirm your enrollment status. Once this is done, your funding is disbursed directly to your school

How much will the loan cost?

Every case is different. This example is for informative use only. This is not a guarantee of costs as they will depend on your individual circumstances and the lender you work with.

An international (non-US, non-Canadian) student, studying a graduate-level program who borrows $10,000 US dollars can expect to repay $100.54 a month while they are studying and for the first 6 months after graduation. After this time the repayment would be $141.62 per month.

Why is Canada such a popular destination for international students?

  • The Canadian education system is internationally regarded as being of very high quality
  • Canada is considered a safe country with a tolerant and non-discriminatory society
  • 96% of international students recommend Canada as a study destination, and 60% of international students say that they plan to apply for permanent residence in Canada.

Who are the international students in Canada?

The nationalities with the largest populations of students in Canada are:

  • Chinese ( around 28% of all international students)
  • Indian (approximately 25%)

US students represent only around 3% of all international students in Canada.

Where are the international students in Canada studying?

The Canadian province with the largest number of international students is Ontario (with almost half of all international students). The next most populous provinces are British Columbia (a quarter) and Quebec (about one tenth).

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


More on Loans without a cosigner in the USA and Canada

How can an international student finance their education in the USA?

International Student Loans for Students from the UK


5 Ways Student Loans Can Help You
September 18th, 2014 by Jennifer Frankel

Hand countdown 451879017Unlike scholarships and grants, student loans have to be paid back with interest. Therefore, you should always seek other “free” sources of funding before resorting to student loans. However, most students will require at least a small loan to cover the cost of their education, especially international students, whose funding sources are even more limited. But did you know that there are actually several benefits to taking out student loans? In this article, we will discuss five surprising ways student loans can help you.

1. Cover the Cost of your Education
Whether you need to cover just a few thousand dollars left over after a generous scholarship, or you have no outside funding and you need a loan for the entire cost of attendance, an international student loan can help pay for your education in the United States. Loans are especially helpful in covering a gap leftover after all the other various sources have been exhausted, but you can also take out a loan for the entire cost of attendance if you’re approved. If an American education seems out of reach financially, student loans can put it within your grasp.

2. Show Proof of Funds to Get a Visa
In order to get a student visa to study in the United States, you need to provide proof of funds. You may be able to use your loan to show the U.S. government that you have enough money to pay your tuition as well your daily living costs. While loans are not always accepted as a proof of funds, if you work with your school’s financial aid office as well as its Designated School Official (who assists with visas), your loan may help you get a visa. Read the rest of this entry »


US Cosigners for International Students – The A, B, C’s
May 16th, 2014 by Jennifer Frankel

Finding a US cosigner is the most important thing for any international student looking to apply for a student loan. That’s because all international students (and most US students) are required to have a US cosigner living in the US, who is a US citizen or permanent resident, but also has good credit. Check out our newest whiteboard where you can learn everything you need to know about US cosigners in under 5 minutes.

Read the rest of this entry »


APR Uncovered on International Student Loans
April 18th, 2014 by Jennifer Frankel

interest rate481454575For any international student considering taking out a student loan for studying abroad it is vital to know what APR is and how it affects them. APR stand for annual percentage rate. Understanding the APR to your loan can be a bit confusing, as most people tend to confuse APR and interest rate. The APR on a loan is expressed as a percent point, which is generally higher than the interest rate. APR gives more of the total cost of a loan including the interest rate and the costs to borrow from the bank. The APR was mandated by the government in order to stop bad loan practices from banks. While students may get a great low interest rate, there may be many hidden costs that offset the great interest rates. Since every lender uses the same calculation to determine the APR that they will offer, the APR can be used to compare the real costs of loans from several different lenders. When shopping for a student loan, it is a good idea to compare the different APRs being offered by lenders. Here are a few tips to find the best APR while also getting an understanding of the expectations of the APR and your interest rate. Read the rest of this entry »


Social Security Number for International Student Loans?
February 1st, 2014 by Jennifer Frankel

social security card168814475US student loans are available for international students from around the world. We get many questions from you about the application process and one of our most frequently asked questions is whether you need a social security number for international student loans.

The good news is that you don’t!

Many lenders will work with foreign students even if they do not have a social security number – that is as long as you have a US cosigner. Some international student loan applications allow you to apply right online without making the social security number field required, while others do not. If you find that you are unable to proceed because you do not have one, contact the lender before you give up! Read the rest of this entry »


Understanding Interest Rates for International Student Loans
December 13th, 2012 by Jennifer Frankel

It comes as no surprise that international students are interested in, well, interest. After all, interest – broadly defined as the money above and beyond the principal (original amount of the loan) paid to the lender in exchange for borrowing money – represents a significant financial burden for any kind of loan. That burden, however, can be quite different for international students than it is for domestic students.

Varying international student loan interest rates are one of the key reasons for this. Indeed, while the interest rates on federal student loans are fixed by law, such loans are usually inaccessible to foreign students studying abroad in the United States. Fortunately, in addition to self-financing through personal savings and scholarships, international students can turn to international student loans when financing the goal of higher education. Unlike federal student loans, however, the international student loan interest rates are not fixed. Instead, a number of factors, when taken together, determine the interest rate on a private loan. Read the rest of this entry »


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