What is my disbursement date? How long will it take for the loan to be disbursed to my school?

The timing depends on:

  • When the school requests the funds to be disbursed and
  • When you e-sign your final loan documents.
  • The fastest we are able to disburse the funds to your school is 5 to 10 business days after you’ve signed your final loan documents.

    Please make sure to refer to your MPOWER dashboard to confirm that the loan amount and date approved by the school match your request.

    If you have any questions or concerns regarding your loan amount or schedule, please talk to your school’s financial aid office. Any changes to your loan must be sent to MPOWER in writing via ELM/Scholarnet or via email.

    © 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.