Move one step closer to your dream with MPOWER

Apply for a loan between April 1 and June 30, 2024, and you’ll be eligible for US$200 toward your study abroad journey.

Promo Code: GETREADY200

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Want to know more?

The MPOWER Financing Incentive Program will help students, like you, move one step closer to your dream school by providing US$200 toward your airfare, travel essentials and living expenses when you travel to an MPOWER eligible university in the U.S. or Canada for your studies.

To apply to earn the US$200 incentive, submit your student loan application and upload your government issued ID between April 1 and June 30, 2024. After we verify your documents, we’ll send you an email confirming your reward eligibility. 

Once submitted, MPOWER will quickly process your loan application. When MPOWER makes the first disbursement directly to your school, you’ll receive a US$200 deposit via PayPal into your bank account or a US$200 gift card, within 60 days, if PayPal is not available in your country. It’s that simple.

Use promocode ‘GETREADY200’ to be eligible for the promotion.

Here’s the Journey you might be interested to know

Frequently Asked Questions 

Frequently asked questions about our Referral Rewards program.

This MPOWER Financing Incentive Program is open to students who are applying to begin classes in fall 2024 at one of MPOWER’s 400+ eligible universities and start and submit a loan application with MPOWER between April 1 and June 30, 2024

The current program considers completed applications started and submitted between April 1 at 12:01 a.m. EST and ending on June 30, 2024 at 11:59 p.m. EST. 

For an application to be considered “submitted,” the online application must be completed and the applicant must upload the requested government ID.

Applications started before the promotion began (April 1, 2024 at 12:01 a.m. EST) are not eligible for this promotion. Similarly, applicants who cancel applications started prior to the promotion start date and subsequently open new applications during the eligibility period described above are not eligible for this incentive.

If you started and submitted your application between April 1 and June 30, 2024 and MPOWER approved your loan, we will process your reward within 60 days following the disbursement of funds to your school. 

No, the program applies only to individuals who have not previously applied with us. 

Applications started before the promotion began (April 1, 2024 at 12:01 a.m. EST) are not eligible for this promotion. Similarly, applicants who cancel applications started prior to the promotion start date and subsequently open new applications during the eligibility period described above are not eligible for this incentive.

You’ll receive your reward in your PayPal account. Our reward partner is https://www.rybbon.net/. If PayPal doesn’t work in your country, we’ll send you the gift card via email.

No. To earn the incentive, you must be approved for a loan with MPOWER, and the loan must be disbursed.

Yes. We reserve the right to change the program at any time without prior notice. Details of the incentive and additional terms will be available on this web page, as well as the incentive invitation and accompanying promotional materials.

Depending on your personal situation and circumstances, you may owe tax on any incentive/reward you earn. Please consult with your personal tax advisor for more information regarding your potential tax liabilities. If legally required for U.S. tax purposes, we will send you the appropriate tax reporting form for you to use when filing a U.S. tax return.

Terms & conditions

MPOWER Financing, Public Benefit Corporation (“MPOWER”) of 1101 Connecticut Avenue NW, Suite 900, Washington, District of Columbia 20036, and other affiliates (collectively, “we,” “MPOWER” or “Company”) may, from time to time, offer the opportunity to earn incentives while applying for an MPOWER loan before a deadline (“MPOWER Incentive Program” or “program”).  Participants in the  MPOWER Incentive Program are subject to MPOWER Terms of Service and Privacy Policy, as well as the following additional Terms & Conditions for the Incentive Program. MPOWER reserves the right to amend the terms of the Incentive Program, Terms of Service, and/or Privacy Policy at any time without prior notice. By participating in the Incentive Program or any promotions similar to the Incentive Program, the participant acknowledges that he/she has read and agrees to be bound by the Terms of Service, Privacy Policy, and these Terms & Conditions for the Program.

Any student, or applicant who has started and submitted a loan application with MPOWER between April 1, 2024 and June 30, 2024 qualifies for the Incentive Program. An applicant needs to upload their ID in the application process between April 1, 2024, and June 30, 2024. Once MPOWER has received your documents, you will receive an email that you are potentially eligible for the reward.

An applicant must upload their government-issued ID and be approved for a loan. After MPOWER makes its first loan disbursement to the applicant, they receive US$200 via PayPal in their bank account or a US$200 gift card on their personal email, within 60 days, if PayPal does not operate in their country.

To be “eligible” for the Incentive Program, an applicant must:

  •   Be at least 18 years old
  •   Have applied or been accepted to a listed MPOWER school in the US or Canada.
  •   Upload their ID and submit an application on or between April 1, 2024, and June 30, 2024.
  •   Not be an employee of MPOWER or any of its or their subsidiaries, third-party servicers, agents, affiliates, promotional agencies, including immediate family and household members.

A qualified applicant for Incentive Program means:

  • The applicant needs to start and submit their application and upload their government issued ID between April 1, 2024, and June 30, 2024.
  • Once the application for the applicant has been processed and approved by MPOWER, and MPOWER has made its first loan disbursement to the applicant, a US$200 reward will be awarded to the applicant within 60 days.
  • The applicant has not previously applied for an MPOWER student loan (regardless of the email address or alias).
  • Applications started before the promotion began (April 1, 2024 at 12:01 a.m. EST) are not eligible for this promotion. Similarly, applicants who cancel applications started prior to the promotion start date and subsequently open new applications during the eligibility period described above are not eligible for this incentive.

Rewards are subject to verification. MPOWER may delay a reward for the purposes of investigation. They may also refuse to verify and process any transaction MPOWER deems, in its sole discretion, to be fraudulent, suspicious, in violation of these Terms and Conditions, or beliefs will impose potential liability on MPOWER, its subsidiaries, affiliates, or any of their respective officers, directors, employees, representatives, and agents.

All of MPOWER’s decisions are final and binding, including decisions as to whether a qualified applicant or reward is verified.

MPOWER Loans are available to undergraduate and graduate, domestic and international students enrolled at eligible universities or working in the U.S. after graduation. We require our borrowers to be at least 18 years old or the age of majority, and within two years of graduation. For more detailed information on loan eligibility, please see our FAQ page.

MPOWER reserves the right to cancel or amend the Incentive Program, including these Terms & Conditions, in its sole discretion, at any time, without prior notice. MPOWER reserves the right to disqualify you from the Incentive Program if you violate any of the Incentive Program’s Terms & Conditions, or otherwise abuse this program, as determined by MPOWER in its sole and absolute discretion.

Earn US $200 reward towards airfare with our New Incentive Program.

Apply early

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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.

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