Financing Education Abroad with Fixed-Rate Student Loans

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Our customers recommend us

I love the fact that MPOWER has a relationship manager, who reaches out to you. You can ask them any specific question that you want

Nigel

The George Washington University

Why choose an MPOWER loan?

Fast application
Always fixed-rate
Flexible amounts ($2K to $100K)

No cosigner or collateral
No hidden fees
No prepayment penalty

CHECK MY ELIGIBILITY

Do I qualify for a loan?

You may be an ideal MPOWER customer if you are:

Planning or currently studying abroad

Admitted or attending one of the 50+ MPOWER-approved schools in the U.S. or Canada.

Pursuing post-grad degree in STEM or business

Not you? No problem – we work with potential students across the globe, coming from different degrees and backgrounds

CHECK MY ELIGIBILITY

How does the online
application work?

Eligibility:

Check to see if you and your school are eligible.

Online application:

Submit your online application form with a government-issued ID (i.e., passport).

Conditional offer:

Receive a conditional offer decision immediately.

Upload documents:

Upload your documents to the MPOWER Portal.

Final approval:

Receive a final approval once we validate your uploaded documents. Also, we’ll provide a free digital visa support letter if you need it.

Disbursement:

Relax while your school certifies your enrollment status. (This step is only required for U.S. schools). We’ll send you the final loan documentation to sign and then disburse your funds directly to the school.

Join Waitlist

Find your interest rates and terms

Terms

Fixed Interest rates (Fixed for the life of the loan.)	MPOWER’s fixed interest rates as low as 9.99% (10.89% APR). This interest rate and APR includes a 0.25% discount for automatic recurring payments.
Interest rate discount	0.25% discount with auto pay
Interest rate type	Fixed – This means your rate won’t change and your payment will remain the same even in a rising interest rate environment.
Term	10-year repayment
In-school payment	Interest-only payments while in school and for six months after graduation. “Note: The interest-only period is capped to a maximum of 30 months from the date of disbursement.”
Prepayment penalty	None

Other considerations

Building U.S. credit history	Yes – Timely repayment of your MPOWER student loan builds credit history.
Collateral or cosigner	Never required
Visa support letter (to obtain I-20 from your school)	Free
Career services	Free
Global payments	Free – Pay from anywhere, anytime

*Rates as low as 9.99% (10.89% APR). This interest rate and APR includes a 0.25% discount for automatic recurring payments.

Fund your study
abroad dream.

Start my application

DISCLAIMER – All terms and conditions are subject to change at any time without notice. All loans are subject to credit approval and applicable eligibility requirements. MPOWER Financing is not affiliated with the school you attended or are attending. None of the information contained on this website constitutes a recommendation, solicitation, or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or assets, or to provide investment advice or services.

U.S. office

MPOWER Financing, Care of Carr Workplaces, 1717 K St. NW, Suite 900, Washington, D.C. 20006

<img width="417" height="148" decoding="async" class="alignnone size-full wp-image-20122" src="https://www.mpowerfinancing.com/wp-content/uploads/2024/08/SL_international-hz-green-1.svg" alt="Nerdwallet Best Student Loan" data-eio="l" /> Rates as low as 10.89% APR

Why choose an MPOWER loan?