Education Loans for Global Citizens studying abroad in the United States and Canada
MPOWER Financing provides fixed-rate education loans to students from 190+ countries pursuing degrees in any academic field
Learn how we are different
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Borrowing without borders
We offer education loans in U.S. dollars to international and DACA students studying in the U.S. and Canada. MPOWER loans can be used to cover student-related expenses including tuition, housing, food, insurance, and 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
- 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 U.S. or Canada post-graduation
- Interest paid on your education 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?
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!
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 200 U.S. Universities
No cross-border payment transaction fees
Interest rate discounts
Builds U.S. credit and offers U.S. tax advantages
Other international lenders
Fixed rates – your rate never increases
No restrictions on majors or programs
Loans available at over 200 U.S. Universities
No cross-border payment transaction fees
Interest rate discounts
Builds U.S. credit and offers U.S. tax advantages
The hidden dangers of variable rates
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!
"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 StudentAre you 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