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 US-based lender, we help build a U.S. credit profile that can be transferred to Canada and other countries
Who is eligible for an MPOWER loan?
Borrowing without borders
We offer student loans in U.S. dollars to international, DACA, and domestic students attending school in the U.S. and Canada. MPOWER loans can be used to cover student-related expenses including:
- basic tuition
Still not convinced? We invite you to scroll down!
What are the benefits of an MPOWER loan?
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
- We help you build your credit profile which ensures greater work flexibility in the future
- No exposure to exchange rate risk should you remain in the U.S. or Canada post-graduation
- Interest paid on your student loan may be tax deductible in the U.S. and Canada
Path to Success
- 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?
Check to see if your school and program are eligible
Estimated time: 1 minute or less
Complete your application. Estimated time 30 minutes
Receive a conditional offer immediately after submitting your application. Estimated time 2-3 days
Upload your requested documents to your MPOWER dashboard, watch an introduction video, and complete a short assessment.
Estimated time: 15 minutes or less
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
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
Contact us for your interest rate discount!
What are our students saying?
“I would just like to say that the experience with MPOWER has been great, as an international student, it is really complicated to get a student loan but MPOWER made the process easy and made my graduation possible!”Jude
“MPOWER has helped me tremendously and I hope it continues to help international students such as myself. Thanks so much couldn’t have done it without MPOWER!”Samantha
“I just received my initial approval of the loan. This is huge news for me and my family. I just wanted to reach out to you and thank you for all your help. I am really happy to be receiving funding from MPOWER. This means a lot for my future.”Graduate Student