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ApplyBoard, a leading student recruitment platform, has recently inked a partnership agreement with one of Canada's largest banks. This collaboration aims to provide support to students from key source countries in managing their finances effectively.
TD, boasting over 27 million customers as of January 2024, has partnered with ApplyBoard to aid students from prominent source countries such as India, China, Pakistan, the Philippines, Morocco, Senegal, and Vietnam in meeting eligibility criteria under the Student Direct Stream.
This collaboration, titled the TD International Student GIC program , focuses on furnishing incoming students with a Guaranteed Investment Certificate (GIC) to demonstrate proof of financial ability. The GIC, an essential requirement for student visa applications, has seen an increase in the necessary proof of funds, doubling from CAD$10,000 to CAD$20,635 since January 1.
ApplyBoard CEO Meti Basiri highlighted the significance of verifiable Proof of Financial Support provided by ApplyBoard through the TD program, affirming its role in enhancing study permit applications. Furthermore, the TD International Student GIC Program offers students the chance to open an International Student GIC at TD with no application fee, allowing them to start earning interest at a competitive rate even before arriving in Canada.
Moreover, participants in the TD International Student GIC program will have access to ApplyProof, ApplyBoard's verification platform, to bolster their study permit applications by providing proof of funds within TD's system. TD emphasized that ApplyProof aims to centralize and streamline document verification, reducing wait times and fostering trust in legitimate documents.
Basiri also noted that the collaboration would provide students enrolled in the TD program with financial resources and personalized support both before and during their stay in Canada.
The international education sector in Canada has undergone significant transformations in recent months, marked by notable policy shifts. Following the increase in the proof of funds requirement, there has been the implementation of a cap on international student enrollments. This cap entails the allocation of Provincial Attestation Letters to each province, allowing them to regulate the influx of students in their respective regions. This move reflects an effort to manage and balance international student numbers across the country's provinces.
Source: Thepienews
