Financial Freedom for You and Your Family

Refinance your U.S. or foreign student loan with MPOWER

Save Money and Get Flexibility

You’ve earned a degree from a top university, started a great career, and built a life for yourself in the U.S. Isn’t it time to reap the rewards of your hard work?

Release your cosigner and collateral

Pay off your student loan from a U.S. or foreign bank

Benefit from lower, more convenient payments, and build your U.S. credit history

Refinance Your Student Loan

Release Your Cosigner & Take Care of Your Family

Did your parents cosign your loan? Are they feeling stressed about their financial obligation, unable to cosign a loan for a sibling, invest in their business… or just retire?

They’ve taken care of you. It’s time to return the favor. Give your family more freedom. When you refinance your loan with MPOWER, you’ll be able to pay off your home-country loan and release your cosigner and collateral.

Am I Eligible for an MPOWER Loan?

You could be eligible if you are:

A university graduate with at least 3 months of work experience in the U.S.

Have a valid visa (including OPT, H1-B, PGWP and more), a DACA recipient, a U.S. citizen, refugee or asylum seeker

Pathway to success

How You Benefit from Refinancing with MPOWER

How does the online application work?

5
Final Approval

Receive a final approval once we validate your uploaded documents. We will also provide a visa support letter if you need it.



1
Eligibility

Check to see if you are eligible.



2
Online Application

Complete your online application in minutes.



5
Final Approval

Receive a final approval once we validate your uploaded documents. We will also provide a visa support letter if you need it.



3
Conditional Offer

Receive a conditional offer within a few business days.


4
Update Documents

Upload your documents to the MPOWER dashboard.



5
Final Approval

Receive a final approval once we validate your documents.



5
Final Approval

Receive a final approval once we validate your uploaded documents.

6
Disbursement

We will disburse funds directly to your original lender on the requested date.



Eligibility

Check to see if you are eligible.


Online Appliction

Complete your online application in minutes.


Conditional Offer

Receive a conditional offer decision within a few business days.


Update Documents

Upload your documents to the MPOWER dashboard.


Final Approval

Receive a final approval once we validate your uploaded documents.


Disbursement

We will disburse funds directly to your original lender on the requested date.

Loan Terms

Loan Terms

Minimum Loan Amount $2,001
Maximum Loan Аmount $100,000
Fixed interest rate before discounts:

– Automatic payment sign-up discount

– 6 on-time payments discount with automatic payments

7.99% (8.45% APR)

-0.50%

-0.50%

Fixed interest rate after discounts: 6.99% (7.44% APR)
Term 10-year repayment
Prepayment penalty None

Other Considerations

U.S. credit history building Free
Path2Success Program Free – Learn More
Included Life Insurance Not Required

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.

2021 © MPOWER Financing, Public Benefit Corporation NMLS ID #1233542. 1101 Connecticut Ave NW Suite 900, Washington, DC 20036