Eligibility

My school is not on the list of schools that MPOWER supports. What should I do?

If your school is not on the list of schools that MPOWER supports, it is because we are not currently supporting that school and you unfortunately cannot apply for a loan with us. But our list of schools is always growing, so please check back for updates.

Which U.S. and Canadian schools are eligible?

MPOWER supports a variety of schools across the U.S. and Canada. You can view the complete list here or check your loan eligibility to see if the school you are admitted to or enrolled in is one of them.

Do I need a U.S./Canadian credit score or co-signer?

MPOWER does not require a credit score or co-signer for our borrowers. We make loan decisions based on your future potential and review your credit history in order to verify your payment history and the possible existence of any delinquencies such as late payments, collections etc.

As an international or DACA student, am I eligible for a loan?

Yes, we lend to students from more than 190 countries who attend one of the schools we support in the U.S. or Canada. Check your eligibility for the MPOWER Education Loan.

Am I eligible for a loan?

In order to be eligible for a loan with MPOWER, you will need to meet the criteria below:

  1.  You must currently be admitted to or enrolled in a school in the U.S. or Canada that MPOWER supports AND
  2. You must be within two years of graduating from your program. For example: if your anticipated graduation date is May 2020, then your program must have started in May 2018 or later.
  3. You must apply for a loan a maximum of 12 months prior to the loan start date.
  4. You must reside in the country of your program (the U.S. or Canada) while you’re in school.
  5. Your program must be degree seeking.

I'm not admitted to a school. Can I still apply for a loan?

In order to be eligible for a loan, you must be admitted to or enrolled in a school that MPOWER supports. Please check your loan eligibility.

For support in your college application process, please consider some of the options below:

  • Edupass: A website dedicated to providing information to international students seeking to study in the U.S.
  • Mentorverse: Expert mentors who provide one-on-one help for international students applying to U.S. colleges.
  • Globalizers: An India-based education consulting firm.
  • Fortuna Admissions: An M.B.A admissions consulting firm with strong personal focus.
  • GMAT Club: An information-sharing and resource center that can help with the business school application process.
  • Unigo: An online resource that offers a variety of scholarships to current and future students.
  • EStudentLoan: A private loan finder source that helps students compare different loan options.

When should I apply for a loan with MPOWER Financing?

You can apply for a loan a maximum of 12 months prior to when you need the money for 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.