Welcome, ReachIvy Student!
Choose a student loan built for global citizens.
Our Loan Features
Loans offered to 180 nationalities (including the U.S.)
No need for guarantees, co-signers, or collateral
Only interest payments are required until graduation
More than a loan
Career guidance and additional services to help you succeed
Your potential matters
We look at your academic success and career potential to offer you the loan that best suits your needs
Borrow from $2001 to $25,000 per academic period (for a maximum of $50,000) with fixed interest rates between 7.99% (7.52%² APR with discounts¹) and 13.99% (13.63%³ APR with discounts¹)
The stuff you need
Funds are sent directly to your university to cover all school-related expenses such as tuition, housing, meal plans, or health insurance
Make interest-only payments while in school and during the 6-month grace period. Start paying back the principal over 10 years after grace period ends.
¹The APR is calculated using the following assumptions: A loan is approved in the amount of $25,000, with a 5% origination fee of $1,250, for a total loan amount of $26,250. The loan is disbursed on 09/01/2017, and graduation date is 05/18/2018. The borrower signs up for auto debit immediately after the loan is disbursed, and remains on it for the life of the loan, which reduces the interest rate by 0.50%. The first six payments are made on time, which allows the borrower to earn another 0.50% discount from the 7th payment onwards. This discount continues for the life of the loan due to all payments being made on time. Six months after graduating the borrower provides proof of employment, which further reduces the interest rate by 0.50% from the 7th payment after graduation onwards. A forbearance is never utilized, and there is no pre-payment of any principal.
²At an APR of 7.52%, the monthly payment amount is 163.84 for the first six months. For the next eight payments, the monthly payment amount is $152.91. For the last 120 payments, the monthly amount is $297.93.
³At an APR of 13.63%, the monthly payment amount is $295.09 for the first six months. For the next eight months, the monthly payment amount is 284.16. For the last 120 payments, the amount is $384.08.
Easy and Secure Process
The process is easy and 100% online. Start by taking 3 minutes to see if your program is eligible
Reliable and Secure
We provide SSL encryption so your private information is protected
The Loan Process
Check to see if your school or program is eligible in less than a minute, fill out our 15 minute application, and upload your documents.
We will review your documentation within the next 3 business days and may reach out to you for additional information or clarifications. Once your application is complete, we will proceed with an introductory call (domestic or international) to review the relevant MPOWER loan product and to answer any questions you may have before you submit the application for credit review.
Within five business days of your introductory call we verify your application and send you a conditional response. International students may request a support letter to support their visa application.
We connect electronically to your school to certify your enrollment and your loan amount.
Our back office team will work with you to review your repayment schedule and to e-sign your final loan documents. Your school sets the dates of your loan disbursements.
Overall, you can expect a loan decision within 5 to 10 business days of submitting an application. The entire loan process can take approximately 1 to 3 weeks.
Have Additional Questions?
Visit our FAQ page to get your questions answered
Tell your friends about us
Receive $100 for every friend that becomes a borrower!
Enter your PayPal email or any email address you would like to be notified of your reward.
Refer your friends, track the number of borrowers you’ve helped, and see your rewards
When a friend takes out a loan, you are notified. Your rewards are sent through PayPal.