🌍 What is Passage’s Mission?
To expand access to study-abroad opportunities by financing deserving international students and enabling them to pursue education and careers in Canada.
💸 How Do Passage Loans Work?
Here is a brief breakdown:
Covers full tuition + $20,635 in living expenses
Fixed 11.95% APR interest rate
Repayment starts 1 month after the program begins
No early repayment penalty
Term:
4 to 7 years (College)
5 years (Master’s)
Helps students build a credit score in Canada
🧭 How Can Referral Partners Use Passage?
Reach more students
Offer valid Canadian proof of funds
Reduce churn after school acceptance
Improve lead-to-loan conversion
Enable families without full upfront cash to access credit
Boost student referrals
🎓 What Programs and Schools Are Supported?
Only select, job-aligned programs at vetted schools
Full list: guides.passage.com
💰 What About Collateral?
Cash collateral required, amount varies
Estimate via Loan Calculator
Can be paid in multiple installments before Letter of Support is issued
📄 What Happens if a Study Permit Is Rejected?
Full collateral refund (bank delays vary, typically 4–6 weeks)
No hidden fees from Passage (payment processor fees may apply)
🧾 What’s Required for Loan Approval?
We assess:
Program fit & school acceptance
Visa likelihood
Career potential in Canada
PR prospects
Ability to repay based on background & ROI
🇨🇦 Does Passage Increase Visa Approval Chances?
Yes. Students receive a verifiable letter confirming that tuition and living expenses are fully covered based on their selected loan package. This serves as strong financial proof for IRCC, alongside the other required documents outlined by Passage’s Study Permit team.
🎯 What Type of Students Are Eligible?
Onshore & offshore students
New applicants and current students
Students applying via Passage’s school list only
Age limit generally applies (~35 or under preferred)
🧠 What Student Support Does Passage Provide?
Program and visa readiness
Resume tips, budgeting advice
Career coaching & employer connections
📆 Application Process in Short:
Check eligibility at go.passage.com
Apply via guides.passage.com/explore
Upload documents
Await screening & loan offer
Submit collateral to receive Letter of Support