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
Learn how we are different
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Borrowing without borders
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!
“How MPOWER eMPOWERed Me!”
Listen to what MPOWER borrower Sol Bee, a remarkable South Korean UC Berkeley student and our MPOWER Video Contest winner, has to say.
What are the benefits of an MPOWER loan?
A loan without a cosigner, collateral, or credit history
Fixed rate loans from $2,001 to $50,000 with up to 1.50% in interest rate discounts
Loans and scholarships offered to 190+ nationalities
Free visa support letters and exclusive career strategy services
Forward-looking approval process
- Student loans without cosigners or collateral
- No credit history required
- We consider your academic success and career path when making a credit decision
FLEXIBLE FUNDING OPTIONS
- 10-year loans with no prepayment penalties
- Loans can range from $2,001 to $50,000 (over 2 academic terms)
- Interest-only payment period during school and 6-months post-graduation
- Our fixed-interest rates never change due to market conditions, making budgeting easy and stress-free
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 USA or Canada post-graduation
- Interest paid on your student loan may be tax deductible in the USA 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?
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
Graduation!
Contact us for your interest rate discount!
Loan Payment Estimator
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
MPOWER has numerous advantages over other international lenders
What makes our loan product unique?
Other international lenders
No restrictions on majors or programs
Loans available at over 300 USA and Canadian Universities
No cross-border payment transaction fees
Builds USA credit and offers USA tax advantages
Other international lenders
No restrictions on majors or programs
Loans available at over 300 USA and Canadian Universities
No cross-border payment transaction fees
Builds USA credit and offers USA tax advantages
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.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.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.Are you eligible for an MPOWER loan?
Undergraduate and graduate students within two years of graduating
Students attending one of the 300+ schools we work with
Students from 190+ countries, including DACA recipients and refugees