A Letter From the CEO of MPOWER Financing

by Manu Smadja | In Financial Empowerment, In The News | 13 October 2021

You can now borrow up to $100,000 from MPOWER to study at over 350 universities in the U.S. and Canada

Dear Students,

Listening to your feedback has always been critical for us, and we’ve received thousands of messages suggesting that you’d like more financial support to fund your studies. I’m therefore very pleased to announce that we are raising our maximum student loan size to $100,000, effective immediately.

That means you can borrow the equivalent of about ₹75 lakh, R$540k, Mex$2 million, ₦40 million, C$130,000, ¥650k, to name just a few currencies of the more than 200 countries MPOWER serves today.

This larger loan amount helps cover all or a larger portion of your total educational expenses, from tuition to housing, meals, books, and health insurance. The other features you love about MPOWER’s loan product haven’t changed one bit: it’s still collateral-free, cosigner free, and a fully digital process with free credit-building, immigration guidance, and job placement assistance. We base our credit decisions on your future earning potential.

 

Looking for financial support? Apply here

Refer a friend or family member and get $300

 

As a mission-driven organization, MPOWER is committed to making loans that are financially sustainable for students. As a rule of thumb, we recommend that the total amount borrowed for your studies be less than the salary you can reasonably expect in your first year after graduation. For instance, if you expect to earn $60,000 post-graduation, you could reasonably borrow up to that amount to fund your studies.

We want to thank each of you for putting your trust in MPOWER as your loan provider for what we consider to be the most important investment of all – your education

If you’re successful, we’re successful.

 

 

 

Emmanuel “Manu” Smadja,

CEO, MPOWER Financing

 

 

Author: View all post by Manu Smadja

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