MPOWER Financing is an award-winning U.S. organization that offers loans to international students at over 350 universities in the U.S. and Canada. What makes us unique? Our fixed-rate loans do NOT require a co-signer, collateral, or a U.S. credit history. We also offer interest rate discounts, visa support letters, and loans that can range from $2,001 - $50,000.
MPOWER Financing has assisted thousands of students from more than 110 countries and was named the best loan for international students by US News & World Report in 2019 and the top student loan for international students by Nerdwallet.
Why choose MPOWER Financing? Because it is better, cheaper, easier, faster.
BETTER
- No collateral, co-signer, or co-applicant required
- Covers all student-related expenses (Books, tuition, meals, housing-including off-campus housing)
- Builds U.S. credit score and history.
CHEAPER
- Fixed, discounted rate of 10.49%* for graduate and post-graduate students
- Free to apply and to receive an I-20/sanction letter
- No upfront processing fees and no prepayment penalties. The 5% processing fee gets added to your loan amount.
- No need to take care of forex charges, insurance or worry about currency depreciation.
EASIER
- Receive a conditional decision without any documents
- Completely online and paperless
- No income-tax returns or physical verification required.
FASTER
- 30 minutes to complete the online application
- 12-15 business days for the decision.
- Quick and easy disbursements directly to your college.
*assumes student takes advantage of 1.50% interest rate discounts