### International Graduate Students

As an international graduate student, you can borrow with fixed interest rates of 11.99% (12.94% APR¹). This is the maximum rates and will never increase. However, MPOWER offers borrowers 3 ways to qualify for discounts:

1) 0.50% rate discount by repaying your loan through automatic withdrawal,

2) an additional 0.50% discount for making 6 consecutive on-time payments while repaying your loan through automatic withdrawal,

3) and another 0.50% discount for reporting proof of graduation and employment

If you qualify for all these discounts, your rate will be 10.49% (11.59% APR²).

¹[*International graduate student with regular interest rate*] The APR is calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. Payments will be interest only until graduation plus an additional 6-month grace period. The remaining months of repayment are calculated using a 120-month amortization schedule. All payments are made on-time, a forbearance is never utilized, and there is no pre-payment of any principal.

At an APR of 12.94%, the monthly payment amount is $105 for the first 14 months. For the next 120 months, the monthly payment amount is $151.

²[*International graduate student with discounted interest rate*] The APRs with discounts are calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. The borrower signs up for automatic debit immediately after the loan is disbursed and remains on it for the life of the loan, which reduces the rate by 0.50%. The first 6 payments are made on time, which allows the borrower to earn another 0.50% discount from the 7th payment onward. 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 onward. A forbearance is never utilized and there is no prepayment of any principal.

At an APR of 11.59%, the monthly payment is $101 for the first 6 months. For the next 8 payments, the monthly amount is $96. For the last 120 payments, the monthly amount is $142.

### International Undergraduate Students

As an undergraduate student, you can borrow with a fixed interest rate of 13.99% (14.98% APR³). This is the maximum rate and will never increase. However, MPOWER offers borrowers 3 ways to qualify for discounts:

1) 0.50% rate discount by repaying your loan through automatic withdrawal,

2) an additional 0.50% discount for making 6 consecutive on-time payments while repaying your loan through automatic withdrawal,

3) and another 0.50% discount for reporting proof of graduation and employment

If you qualify for all these discounts, your rate will be 12.49% (13.63% APR⁴).

³[*International undergraduate student with regular interest rate*] The APR is calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. Payments will be interest only until graduation plus an additional 6-month grace period. The remaining months of repayment are calculated using a 120-month amortization schedule. All payments are made on-time, a forbearance is never utilized, and there is no pre-payment of any principal.

At an APR of 14.98%, the monthly payment amount is $122. For the next 120 months, the monthly payment amount is $163.

⁴[*Domestic undergraduate student with discounted interest rate*] The APRs with discounts are calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. The borrower signs up for automatic debit immediately after the loan is disbursed and remains on it for the life of the loan, which reduces the rate by 0.50%. The first 6 payments are made on time, which allows the borrower to earn another 0.50% discount from the 7th payment onward. 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 onward. A forbearance is never utilized and there is no prepayment of any principal.

At an APR of 9.56%, the monthly payment is $83 for the first 6 months. For the next 8 payments, the monthly amount is $79 For the last 120 payments, the monthly amount is $130.

### Domestic Graduate Students

As a domestic graduate student, you can borrow with a fixed interest rate of 7.99% (8.89% APR¹). This is the maximum rate and will never increase. However, MPOWER offers borrowers 3 ways to qualify for discounts:

1) 0.50% rate discount by repaying your loan through automatic withdrawal,

2) an additional 0.50% discount for making 6 consecutive on-time payments while repaying your loan through automatic withdrawal,

3) and another 0.50% discount for reporting proof of graduation and employment

If you qualify for all these discounts, your rate will be 6.49% (7.52% APR²).

¹[*Graduate student with regular interest rate*] The APR is calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. Payments will be interest only until graduation plus an additional 6-month grace period. The remaining months of repayment are calculated using a 120-month amortization schedule. All payments are made on-time, a forbearance is never utilized, and there is no pre-payment of any principal.

At an APR of 8.89%, the monthly payment amount is $70 for the first 14 months. For the next 120 months, the monthly payment amount is $127.

At an APR of 12.94%, the monthly payment amount is $105 for the first 14 months. For the next 120 months, the monthly payment amount is $151.

²[*Graduate student with discounted interest rate*] The APRs with discounts are calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. The borrower signs up for automatic debit immediately after the loan is disbursed and remains on it for the life of the loan, which reduces the rate by 0.50%. The first 6 payments are made on time, which allows the borrower to earn another 0.50% discount from the 7th payment onward. 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 onward. A forbearance is never utilized and there is no prepayment of any principal.

At an APR of 7.52%, the monthly payment is $66 for the first 6 months. For the next 8 payments, the monthly amount is $61. For the last 120 payments, the monthly amount is $119.

At an APR of 11.59%, the monthly payment is $101 for the first 6 months. For the next 8 payments, the monthly amount is $96. For the last 120 payments, the monthly amount is $142.

### Domestic Undergraduate Students

As an undergraduate student, you can borrow with fixed interest rates of 9.99% (10.91% APR³). This is the maximum rates and will never increase. However, MPOWER offers borrowers 3 ways to qualify for discounts:

2) an additional 0.50% discount for making 6 consecutive on-time payments while repaying your loan through automatic withdrawal,

3) and another 0.50% discount for reporting proof of graduation and employment

If you qualify for all these discounts, your rate will be 8.49% (9.56% APR⁴).

³[*Undergraduate student with regular interest rate*] The APR is calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. Payments will be interest only until graduation plus an additional 6-month grace period. The remaining months of repayment are calculated using a 120-month amortization schedule. All payments are made on-time, a forbearance is never utilized, and there is no pre-payment of any principal.

At an APR of 10.91%, the monthly payment amount is $87 for the first 14 months. For the next 120 months, the monthly payment amount is $189.

At an APR of 14.98%, the monthly payment amount is $122. For the next 120 months, the monthly payment amount is $163.

⁴[*Undergraduate student with discounted interest rate*] The APRs with discounts are calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. The borrower signs up for automatic debit immediately after the loan is disbursed and remains on it for the life of the loan, which reduces the rate by 0.50%. The first 6 payments are made on time, which allows the borrower to earn another 0.50% discount from the 7th payment onward. 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 onward. A forbearance is never utilized and there is no prepayment of any principal.

At an APR of 9.56%, the monthly payment is $83 for the first 6 months. For the next 8 payments, the monthly amount is $79 For the last 120 payments, the monthly amount is $130.

At an APR of 13.63%, the monthly payment is $118 for the first 6 months. For the next 8 payments, the monthly amount is $114. For the last 120 payments, the monthly amount is $154.