The disbursement dates are set up by your school electronically in accordance with MPOWER’s rules. You may check the status of your loan in real time on our online borrower portal.
MPOWER disburses funds directly to your university. There is no additional effort required from your end to send the money to your school.
In-school interest only payments will begin 45 days after loan funds have been disbursed. Making consistent on-time payments will help build your U.S. credit history and will avoid the accumulation of interest.
Our auto-withdrawal option allows you to make on-time monthly payments directly from your U.S. bank account. This option also reduces your interest rate by 0.50%. We can also accept payment online through our payment portal, via the phone, via check through U.S. mail and even international money transfers.
As a global company, we are able to accept multiple methods of payments. You can pay directly from your U.S.-based bank account, pay from your home country-based bank account through our partnership with Flywire, or pay over the phone with our loan servicing partner, Firstmark.