Approval and Servicing

How long until the loan is disbursed to my school?

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.

How is the loan disbursed?

MPOWER disburses funds directly to your university. There is no additional effort required from your end to send the money to your school.

When will I start repaying the loan?

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.

What payment methods can I use to repay my loan?

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.

How do I make payments if I go back to my country after school?

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.

© 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.