Ever heard of Mpower Financing Loan? This is a loan based on your future earnings. An international student loan which is an easy and affordable way to fund your education on your own. The loans help support your independence since it never requires a cosigner or collateral.
Advantages Of Mpower Financing Loan
- Loans from US$2,001 to US$100,000
- Fixed and competitive interest rates that will never increase
- 0.25% interest rate discount with automatic payments
- Quick conditional loan offer
- No prepayment penalty
- Students supported at 400+ U.S. and Canadian schools
- Visa support
- Career development guidance and resources on the topics that matter most to international students.
Who Is Eligible For Funding?
You could be eligible for an MPOWER student loan if you’re:
- An undergraduate or graduate student within 2 years of graduating or about to begin a 1-year or 2-year program.
- An international student, DACA recipient, U.S. citizen, refugee, or asylum-seeker.
- Admitted to or attending one of our 400+ approved schools in the U.S. or Canada.
How To Apply For The Mpower Financing Loan
To apply for this loan, you are expected to visit the official website and fill the application form. You will be asked to provide a detailed information about yourself. The first thing you’d be asked to do is provide your name; If you have multiple first or last names, enter them as they appear on your passport or other legal documents. If you have a middle name, add it to the first name field. Fill out other information correctly.
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Reviews from students
Obinna says: Mpower is the best educational loan company! I have had a very wonderful experience with the company from the application start.
Frank says; the application process was easy and the approval was quick.
Akachukwu says: Amazing Mpower, you have truly Empowered me. Thank you!
Frequently Asked Questions and Answers
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Which U.S. and Canadian schools are eligible?
MPOWER supports 400+ schools across the U.S. and Canada. View the complete school list or check your loan eligibility to see if the school you are admitted to or enrolled in is one of them.
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What can the loan be used for?
MPOWER loans can be used for university-related expenses, including but not limited to tuition, books, meal plans, housing, and health insurance at most schools when studying in the U.S. We suggest reaching out to your school with any concerns about how your funds may be allocated.
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How much is appropriate to request?
Here’s a helpful tip: try not to request more than your anticipated starting salary after graduation. If you’re still unsure of the amount you’ll need, the loan application can help you better understand your financial plan and how much money to request. You can request a maximum of US$50,000 per application and US$100,000 maximum (overall). Regardless of the amount you decide to request, you’d be informed if you qualify for more or less than their requested amount.
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Can Mpower help with the visa process?
MPOWER can issue visa support letters at no cost to assist applicants, upon final credit approval.
Get Funds to achieve your study abroad dreams. These loans don’t require a cosigner or collateral – because they believe in your future potential.