Referral Terms and FAQ


Last Modified: Oct 20, 2015

Participants in the MPOWER Financing Referral Program (“Program”) are subject to MPOWER Financing’s Terms of Service and Privacy Policy (both available on our website), as well as the following additional Terms & Conditions for the Program. By participating in the Program, each participant represents and warrants that he/she has read and agrees to be bound by the Terms of Service, Privacy Policy and these Terms & Conditions for the Program.


MPOWER Financing’s Loan programs are available only to individuals at least 18 years old who either currently attend or plan to attend one of the schools in the MPOWER Financing network. You may refer friends to MPOWER Financing under the Program even if you have not borrowed through MPOWER Financing.


To refer your eligible friends, enter their email address, post through Facebook, or tweet on Twitter through our Program webpage. You will see the choices to make your referrals by email, Facebook, or Twitter. By clicking on the preferred link, you can send your friends a message with a link to apply for a Program Loan. MPOWER Financing does not receive or collect the contact information for the friends that you refer unless they click on the link in your message to apply for a loan.

Referral Award

If a friend that you referred via the email, Facebook, or Twitter link provided within the referral sections through the website is approved and funded, you will receive a payment of $100 from MPOWER Financing. Only one payment to a referring person will be awarded per funded Program Loan. If two or more individuals refer the same friend, referral credit will be given based on which link the friend used to apply for a Program Loan through MPOWER Financing’s website. If a friend that you referred via the email, Facebook, or Twitter link via the MPOWER site is a previous recipient of a Program Loan, you will not receive any payment for new Program Loans that are funded. Lending decisions are not impacted in any way by participation in the Program. University faculty, administration, and financial aid staff are welcome to refer students to MPOWER’s loan program but are not eligible to receive referral awards.


Payment to the referring person shall occur via PayPal to the email address given by participants in the Program. You must have an active PayPal account to receive a payment. MPOWER Financing will make reasonable efforts for the payments to occur on the first day of the month following funding of the Program Loan. All federal, state and local taxes and duties are the sole responsibility of the participant. Payments may not be transferred; no substitutions.

Referral Courtesy

Referral messages should be sent only through the Program as described in these Terms & Conditions. Please send your referrals only to eligible friends, and refrain from mass emailing colleagues and former classmates. Use only truthful, non-misleading statements that accurately reflect MPOWER’s Program Loans and the Referral Program when sending a referral message.

No Spam or Solicitation

Referring persons must comply with all applicable laws, regulations and guidelines, including up-to-date “SPAM” laws. For example, emails must be created and distributed in a personal manner. Bulk email distribution and any use of automated devices or third party services is prohibited. By participating in the Program, participants agree not to solicit applications for loans and will restrict their activities to informing their personal contacts about MPOWER Financing’s loan options. Any distribution of a Program referral link that could constitute unsolicited commercial email or “spam” under any applicable law or regulation, or that otherwise violates any restriction imposed by MPOWER Financing or is otherwise inappropriate as determined by MPOWER Financing in its sole discretion, is expressly prohibited and will be grounds for immediate exclusion from the Program.

Right to Cancel Program or Change Terms

MPOWER Financing reserves the right to cancel the Program or to change these Terms & Conditions at any time in its sole discretion. Any unclaimed referral rewards will be forfeited at that time. MPOWER Financing reserves the right to disqualify anyone from this Program if any participant abuses this Program, as determined by MPOWER Financing in its sole discretion.

Do I need to be a borrower in order to make a referral?

No. You don’t need to be a borrower with MPOWER Financing to send out referrals and win rewards.

When will I get paid?

You will receive $100 when your friend’s loan is approved and disbursed. Payments are made on the first business day of the month following disbursement.

How will I get paid?

Payments are made via PayPal. 1 of 3 things will occur:

  • You provided an email address that is a PayPal account – You will receive an email and payment will be added to your account
  • You provided an email that is not a PayPal account, but you do have a PayPal account – You will receive an email and have the opportunity to log into your existing PayPal account to receive payment
  • You don’t have a PayPal account – You will receive an email and be able to sign up to a new account to receive payment
Is there a limit to the number of friends I can refer?

No. However, we ask that you refer responsibly and not spam your network.

If I refer someone and his or her loan does not get approved, will I find out?

No. MPOWER will not notify you when your friend applies, only when his or her loan is disbursed.

How will you know that my friend applied due to my referral?

When you e-mail friends, post to Facebook, or tweet using the widgets in our referral section, you create a link that is unique to you. When friends apply via that link, we can trace them back to you.

Are there tax implications with this?

If in a given year, six or more of the friends you refer are approved for MPOWER loans, we’ll send you a 1099-MISC form to use when filing your taxes.

© MPOWER Financing, Public Benefit Corporation