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ak917
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AlexMBAApply
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They don't need an immigration visa to enter the country as a tourist, but they still need an F-1 student visa to matriculate as a full-time student (just like Canadians need an H1 or TN visa to work full-time), and that takes a few months to process.
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What do you think about the school choices?
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I think your choices are ambitious (even for Round 1 or 2), but if you really want to go to these schools - then by all means apply. Just know that all the schools on your list are stretches. If you want schools where you have a more reasonable shot, you may want to look at schools like Duke, Darden, Michigan, NYU, UCLA, Cornell, Yale. These are the range of schools where you'll have a better shot. And schools outside the top 16 such as the Canadian schools (Ivey/Rotman/Queen's) and regionals like Texas, USC, UNC, CMU, and Georgetown will be safeties.
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AlexMBAApply
They don't need an immigration visa to enter the country as a tourist, but they still need an F-1 student visa to matriculate as a full-time student (just like Canadians need an H1 or TN visa to work full-time), and that takes a few months to process.

I've been doing some research on this as I'm Canadian and will matriculate at a school in the US. Also talked with some current students, as well as some school international offices.

To clarify - one needs a F-1 Student Status to matriculate, and it can be obtained at the border when you enter.

The difference is that Canadians don't need the F-1 Visa, "Visa" meaning "Key" to enter the country. You show up at the border crossing, make sure you have your I-20 and ALL related documentation, just as if you would apply formally for a F-1 visa. You get interviewed on the spot, you get a I-94 with F-1 status written/stamped on it. Think of the visa of a pre-approval/pre-clearance to enter.

https://www.columbia.edu/cu/isso/visa/F-1/index.html

The above website is one of the best resources on the matter I've seen yet. The US Consulate in Canada's website is a bit confusing as they don't explain it well enough, but they do say that Canadian's don't need a Visa https://www.consular.canada.usembassy.gov/canadians.asp.

So yes, in general, schools want internationals to apply earlier due to visa processing, but Canadians are a special situation (citizens of Bermuda also) of the (current as of today) US immigration rules. So a Round 3 application is possible.