TD and MPOWER Financing have collaborated to simplify the banking experience for international students pursuing higher education in Canada by offering a suite of financial resources needed to help students on their journey to Canada.
As part of this collaboration, TD would be MPOWER’s preferred bank for the thousands of students pursuing a degree at one of the universities that MPOWER supports through its no-cosigner international student loan program in Canada. The TD International Student Banking Package offers access to banking products and services that help support international students as they transition to post-secondary education in Canada.
“We’re delighted to work with a large and reputed financial organization such as TD to better support international students’ financial needs in Canada,” said Manu Smadja, CEO and co-founder of MPOWER Financing. “Our students – who pursue master’s degrees from top Canadian institutions – will benefit from the range of financial products, including chequing accounts, savings accounts, and credit cards, that TD can provide them as they begin their journeys in Canada. This collaboration is the latest example of how MPOWER supports students beyond education funding with access to adequate financial products, career guidance, and student visa support.”
“At TD, we are committed to making things less complicated for students from across the world on their journey to study in Canada,” said, Janice Farrell Jones, senior vice president, everyday banking, savings and investing at TD. “That’s why we’re so thrilled to be working with MPOWER to help simplify international students’ transition to the Canadian banking system. Starting a new life abroad comes with a host of challenges, and it’s our goal to support students by offering tools, programs and trusted advice to help make the transition a little easier.”
MPOWER Financing, headquartered in Washington, D.C., is a fintech company providing global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve international students. MPOWER works with more than 400 universities across the U.S. and Canada to provide financing to students from more than 200 countries.