What is the application process and how long does it take to get a loan with MPOWER?

-Check Loan Eligibility: Find out if your school and program are eligible. (Please check the FAQ for “Eligibility” for further questions)
Estimated time: 60 seconds

-Initial Application: Fill out and submit the application with a valid photo ID. (Please check the “Financial Plan” Section for any further assistance)
Estimated time: 30 minutes

-Initial Review: Your application will be reviewed by MPOWER, and you will be contacted within 1-3 business days about a conditional offer. In special circumstances, you may receive a conditional offer immediately after submitting your application.
Estimated time: 1-3 business days

-Upload Documents: If you receive an offer from MPOWER, your next step is to upload the requested documents to your MPOWER dashboard, watch an introduction video, and complete a short assessment.
Estimated time: 30 minutes

-Final Review: At this stage, we verify all your uploaded documents so we can issue a final offer. . If the loan is approved, we will also provide you with a visa support letter if needed.
Estimated time: 1-3 business days.

-School Certification and Disbursement: After we approve you for a loan, we submit your loan application to your school for verification. This process is called the certification process, and the timeline is dependent on your school.

© 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.