Extended! Offering Lower Interest Rates for International Students Until April 30th

by MPOWER Financing | In Financial Empowerment | 24 March 2022

April 1st update: We heard from many international students that admissions letters came late this year. Not to worry – we extended the promotion to April 30th for all students planning ahead. Get Started Now to lock-in up to $20,000 in reduced loan payments.

Calling all International Students! If you take 20 minutes to apply for our loan, lock-in a low, fixed interest rate of 8.49% with a 2.00% reduction. Here’s how:

MPOWER Financing is rewarding international students planning ahead!

International students now receive 2.00% off their loan’s interest rate with MPOWER, which already offers some of the most competitive rates in the market. To qualify, students seeking funding for the 2022–2023 academic year must submit an application before the promotion closes on March 31, 2022.

Get Started Now

Graduate degree-seeking international students now qualify for a fixed interest rate after discounts of 8.49% (9.56% APR) for the life of the loan.

Undergraduate degree-seeking international students now qualify for a fixed interest rate after discounts of 10.49% (11.59% APR) for the life of the loan. 

The limited-time pricing promotion program rewards early academic planning. Qualifying students seeking financing for the 2022–2023 academic year — including the summer 2022, fall 2022, and spring 2023 semesters — receive 2.00% off MPOWER’s standard rate for the life of the loan. Students are still eligible for an additional 1.50% in discounts for setting up autopay, making six consecutive on-time payments with autopay, and providing proof of employment after graduation.  

 

Students may be eligible for the  promotion if they are:

  • Requesting funds for the 2022–2023 academic year
  • Studying at one of the approximately 400 schools that MPOWER supports across the United States and Canada
  • Pursuing a degree-granting program (all degrees are eligible)

 

MPOWER’s loans are collateral-free and cosigner-free, and students benefit from immigration guidance and job placement assistance through MPOWER’s Path2Success program. As a mission-driven organization, MPOWER is committed to offering loans that are financially sustainable for students.

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Refer a friend or family member and get $300.

Loan Payment Savings of $20,000

International students can save up to $20,000 on loan payments over the full life of a loan if a student borrows the MPOWER’s loan maximum of $100,000 and repays the loan in fixed, monthly payments over 10-years without early prepayment. $20,000 represents the difference in total loan payment amounts a student would save with this promotion interest-rate of 8.49% (9.56% APR) with discounts as compared to the standard interest rate of 10.49% (11.59% APR) with discounts.

 

About MPOWER Financing:

MPOWER Financing, headquartered in Washington, D.C., and with team members worldwide, is a mission-driven fintech and the leading provider of global education loans. It is a global student lender that uses a proprietary algorithm to analyze overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with nearly 400 top universities across the U.S. and Canada to provide financing to students from 200+ countries. The MPOWER team, which is largely made up of former international students, provides students with personal financial education and career support to prepare for life after school. 

MPOWER was named one of the best places to work, one of the best tech workplaces for diversity, and one of American Banker’s top fintech firms to work for four years in a row. MPOWER is hiring for a variety of roles worldwide. The team is backed by Tilden Park Capital Management, King Street Capital Management, ETS Strategic Capital, Drakes Landing Associates, Pennington Alternative Income Management, Zephyr Peacock, Breega, Potencia Ventures, Goal Solutions, Gray Matters Capital, Cometa, AI8, DreamIt, 1776, Village Capital, Fresco, K Street, and University Ventures.

 

 

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