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?

"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

NYU, Philippines

"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

Auburn University, Jamaica

"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

Tufts University, Nepal

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.