MPOWER now provides education financing to Canadian universities!

We provide fixed-rate loans to international students studying abroad in Canada pursuing degrees in any academic field

What makes Our Canadian student loan special?

Same tried-and-tested MPOWER product, with a forward-looking approval process and flexible funding options

Interest paid on your student loan may be tax deductible in Canada or the U.S.

As a U.S.-based lender, we help build a U.S. credit profile that can be transferred to Canada and other countries

Borrowing without borders

We offer education loans in U.S. dollars to international and DACA students attending schools in the U.S. and Canada. MPOWER loans can be used to cover student-related expenses including:

  • basic tuition
  • housing
  • food
  • insurance
  • books

Still not convinced? We invite you to scroll down!

What are the benefits of an MPOWER loan?

A loan without co-signer, collateral, or credit history

Fixed rate loans from $2,001 to $50,000 with up to 1.50% in interest rate discounts

Loans offered to 190+ nationalities

Free visa support letters and exclusive career strategy services

Forward-looking approval process

  • No co-signer or collateral required
  • No credit history needed
  • We consider your academic success and career path when making a credit decision

FLEXIBLE FUNDING OPTIONS

U.S.-BASED LENDER

  • We help you build your credit profile to ensure your access to credit in the future
  • No exposure to exchange rate risk should you remain in the U.S. or Canada post-graduation
  • Interest paid on your education loan may be tax deductible in the U.S. and Canada

Path2Success

  • Enjoy up to 1.50% in interest rate discounts for consistent payment and academic success
  • We issue visa support letters for all of our approved borrowers upon request
  • We offer free resume review, networking opportunities, exposure to paid internships and full-time job openings

How does the loan process work?

Eligibility

Check to see if your school and program are eligible
Estimated time: 1 minute or less


Application

Complete your application. Estimated time 30 minutes


Conditional Offer

Receive a conditional offer immediately after submitting your application. Estimated time 2-3 days


Upload Documents

Upload your requested documents to your MPOWER dashboard, watch an introduction video, and complete a short assessment.
Estimated time: 15 minutes or less


Final Approval

Receive a final approval after we verify all of your uploaded documents. At this time we will also provide you with a visa support letter if you need it. Estimated time: 3-5 business days


School Certification

Hang tight while your school certifies your enrollment status with us. Once that is done, we can disburse your funding directly to your school on an agreed upon date. Estimated time: 2-10 weeks


Graduation!

Contact us for your interest rate discount!

What are our students saying?

Sumei worked as a technical support specialist for Citibank in Shanghai, but the opportunity to improve her English and “see the world” led her to an au pair position in New York City. She later decided to pursue a Master’s degree in computer science in the U.S. but found her savings woefully inadequate. MPOWER came through with a loan, and Sumei now has a great internship as a software engineer!

Sumei X.

Jiangsu, China, Boston University

When Srijan started his degree program at Stevens Institute of Technology, financial struggles—and worries about burdening his family—kept Srijan up at night. Now, with MPOWER’s help, he’s finishing his degree and starting a great job in financial services. And instead of burdening his parents, his job will enable them to retire early!

Srijan B.

Calcutta, India, Stevens Institute of Technology

Born in Libya to Czech and Slovak parents, and raised in Malta, Simona is the epitome of a global citizen – and her career, which has included setting up Maltese operations for a Czech start-up, reflects that. Faced with a funding shortfall that imperiled completion of her degree, Simona turned to MPOWER. Now, she’s on track to graduate and pursue a career in healthcare.

Simona S.

Malta, MBA, California State University, Long Beach (CSULB)

Who is eligible for an MPOWER loan?

Undergraduate and graduate students within two years of graduating

Students attending one of the 200+ schools we work with

Students from 190+ countries, including DACA recipients and refugees

Check eligibility in 60 seconds

Take 30 minutes to apply

© MPOWER Financing, Public Benefit Corporation

DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in 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 other assets or provide any investment advice or service.