Lock in rates as low as 9.99% (10.89% APR)* for the fall 2025 semester! Act Now!

Reduce your interest rate
and monthly payments.

Build your U.S. Credit score

Learn More
Apply Now
screencapture-mpowerfinancing-get-a-loan-refinance-international-student-loan-2022-05-23-09_48_50 3

Save money and 

gain 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

Benefit from lower, more convenient payments

Build independence and your U.S. credit history

Aniket S

Customer

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What our customers are saying

“With MPOWER, not only am I saving thousands of dollars each year, but I also have the peace of mind that my parents are free and are no longer burdened as my cosigners as they move toward retirement.”

Rahul G

Customer

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What our customers are saying

"My MPOWER loan helps save thousands of dollars annually while putting me on sound footing and releasing my parents’ financial obligations."

Refinance Your Student Loan

Release your cosigner and 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: 

Live in the U.S. and have worked in the U.S. for at least 3 months full-time post-graduation

Have a valid visa (including H1-B, OPT and more, a DACA recipient, a U.S. Citizen, refugee, or asylum seeker) with two or more years of work authorization

pathway

How you benefit from
refinancing with MPOWER

How you benefit
from refinancing
with MPOWER

Release cosigner and collateral
Reduce monthly payments and total interest
Lock in a fixed interest rate
Guarantee no prepayment penalty
Build U.S. credit history

How does the online application work?

Qualification

Check to see if you are eligible.

Verification

Upload your documents to the MPOWER dashboard.

Disbursement

Funds disbursed directly to your original lender.

Our loan terms

Refi Loan Terms
Minimum Loan Amount US$2,001
Maximum Loan Аmount US$100,000
Fixed interest rate before discounts:
– Automatic payment sign-up discount		 11.99%(12.48% APR)
-0.25%
Fixed interest rate after discounts: 11.74% (12.23% APR)
Term 10-year repayment
Prepayment penalty None
Other Considerations
Build your U.S. credit history through timely repayment of the loan MPOWER reports to all three major U.S. bureaus
Path2Success Program Free – Learn More
*Rates as low as 9.99% (10.89% APR) available only for the fall 2025 semester and you must submit your application by December 31, 2024. This interest rate and APR includes a 0.25% discount for automatic recurring payments and a 0.75% discount from our limited-time early planner promotion.

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.

2024 © MPOWER Financing, Public Benefit Corporation NMLS ID #1233542

U.S. office India office
1101 Connecticut Ave. NW Suite 900, Washington, DC 20036 The Cube at Karle Town Center, 9th Floor, 100 Ft, Nada Prabhu Kempe GowdaMain Road, Next to Nagavara, Bengaluru, Karnataka 560045, India
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