Welcome Colleges and Universities
We’re not like the other lenders – join us in empowering the next generation of global citizens!
MPOWER Financing by the numbers
Over $500 million in loan applications processed
Supports 200+ schools
Loans offered to 190+ nationalities (including the U.S.)
Fixed rate loans from $2,001 to $50,000 with up to 1.50% in interest rate discounts
Students on every campus run the risk of not being able to re-enroll for fall classes due to past-due balances. For graduates, an outstanding balance may prevent a student from receiving their diploma. For university personnel in the Bursar’s Office, Financial Aid, or the Business Office, the month of September is particularly active. Most students are back to continue their studies, but those with past-due account balances are unlikely to have returned to your campus.
We have exciting news! We are thrilled to announce our first (of many) scholarships – the MPOWER Global Citizen Scholarship.
We will award three $1,000 scholarships to international and DACA students studying or planning to study in the U.S. The application is simple and can be completed in 30 minutes or less. We invite your students to apply and encourage you to share with anyone you know who could use a little extra money to help with school.
Here at MPOWER, we’re more than just a private student loan lender. Whether you’re from Admissions, Financial Aid, Bursar, the International Student Office, or elsewhere, we’re here for you. Take a look at the various ways we help you better serve your international and DACA students.
Your support team
Here to answer all your questions
VP of Marketing and Business Development
Director of University Relations - West
Who is eligible for an MPOWER loan?
Undergraduate and graduate students within two years of graduating
Students from 190+ countries, including DACA recipients, refugees, asylum seekers, and U.S. citizens
What are the benefits for students?
Headquartered in DC with U.S.-based University Relations and Customer Success teams.
No restrictions on majors
Eligible students pursuing degrees in any academic field are welcome to apply.
Helps student borrowers build U.S. credit history
Building a U.S. credit history may help your students secure an off-campus apartment or car purchase.
No prepayment penalty
There is no penalty for students who repay part or all of their loan.
Visa support letters
Upon credit approval, MPOWER can issue support letters to assist your students with the visa process… free of charge!
Our supplemental career strategy services program offers free resume review, networking opportunities, mock interviews and more!
What are the benefits for universities?
We understand the challenges universities face while working to protect international enrollment and diversity on campus. Why are international students important to colleges and universities?
What documents do students need to apply?
We require a combination of the following documents:
- Past university transcript
- Current university transcript or admission letter
- Standardized entrance exam scores or waiver note
- Most recent invoice from university or a university financial summary
- Employment letter or pay stub
- Address verification
- Identification verification
- I-20 (when available)
More resources for students:
- You can find more information on visas, I-20s, and other documents needed to study in the United States on the Department of Homeland Security website
- The MPOWER Guide to Financial Aid and Scholarships
- The MPOWER Guide to Student Loan Terminology
- Scholarship options
- Student loan options
- International Education Financial Aid website
- NerdWallet Student Loan Overview