Student Loans for International Students in the USA & Canada
MPOWER Financing provides international student loans without cosigners, collateral, or credit history to global citizens from 190+ countries pursuing degrees in any academic field
We offer student loans in US-dollars to international and DACA students studying in the USA and Canada.
MPOWER loans can be used for past, current, and future semesters, and can cover student-related expenses including tuition, housing, food, insurance, and books.
Still not convinced? We invite you to scroll down!
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?
Application through graduation!
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
Fixed v. Variable Interest Rates: why variable student loan rates are a gamble
Variable rates shift the burden of interest rate risk from the lender onto your shoulders
Fixed Interest Rates
Risk burden on lender
No interest rate increases
Monthly payments don't increase
Variable Interest Rates
Risk burden on borrower
Unpredictable interest rate fluctuations
Monthly payments can increase
What are our students saying?
We are proud of our customer service!
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)
Are you eligible for an MPOWER loan?
Undergraduate and graduate students within two years of graduating