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Education Loans for Global Citizens studying abroad in the United States

MPOWER Financing provides fixed-rate education loans to students from 190+ countries pursuing degrees in any academic field

Learn how we’re different

Check eligibility in 60 seconds

Borrowing without borders

We offer education loans in U.S. dollars to international and DACA students attending school in the U.S. 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!

How we stand out from the crowd!

No U.S. Co-signer Required

No U.S. co-signer or collateral needed

No Credit Score Required

Credit decisions are based on your future potential, not a backward-looking credit history

Competitive Interest Rate

No U.S. co-signer or collateral needed

Flexible Repayment

No pre-payment penalty – you can shorten your loan term and reduce your interest expense

Build a U.S. Credit History

Payments to your MPOWER loan help build your U.S. credit history

U.S. Visa Support

Loan approval letter can be used to support your I-20 and F-1 visa application

U.S. Tax Advantages

Planning to work in the U.S. after graduation? The interest on your MPOWER loan could be tax deductible

Refinance at a Lower Rate

After graduation, potential to refinance for a lower interest rate once you build your U.S. credit history

Easy Application

Complete an online application and find out if you’re eligible to apply in only 3 minutes

Career Support

We offer free resume reviews, networking opportunities, and access to paid internships

We reward great behavior and academic success!

Three easy ways to earn a reduction on your interest rate

0.50% REWARD

For signing up for auto-withdrawal from your bank account

0.50% REWARD

For making six continuous months of payments

0.50% REWARD

For providing proof of graduation and employment

1.50% REWARD

These discounts add up!

MPOWER has numerous advantages over other international lenders

Why is our loan product unique?

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

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

MPOWER has numerous advantages over Indian banks

Why is our loan product unique?

Indian Banks

Fixed rates – your rate never increases

Application fee – only charged upon disbursement of loan

No exchange rate risk – loan, college payment, earnings, and loan repayment in USD

No co-signer or collateral ever required

Interest rate discounts

Builds U.S. credit and offers U.S. tax advantages

Indian Banks

Fixed rates – your rate never increases

Application fee – only charged upon disbursement of loan

No exchange rate risk – loan, college payment, earnings, and loan repayment in USD

No co-signer or collateral ever required

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 do not change

Variable Interest Rates

Risk burden on borrower

Unpredictable interest rate fluctuations

Monthly payments can change

Why the timing of interest payments matters

Grace periods sound good initially, however, postponing payments means you pay more later

Requiring interest-only payments during school and for six months after graduation offers several benefits

Consistent Cost

Your total borrowing costs do not increase

Immediate Discount

30 minutes

A Second Discount

After 6 consecutive autopay payments, your rate decreases by another 0.50%

US Credit History

Your payments help you build a US credit history, which provides greater flexibility in financial matters

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

4 Easy Steps to Get A Loan:

Check your loan eligibility

60 seconds

Apply and submit your application

30 minutes

Receive a conditional offer

1-3 business days

Upload your docs to receive your final offer

1-3 business days

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.