Mpower Financing
MPOWER Financing is a financial institution that focuses on providing student loans to international and DACA students studying in the United States or Canada. They offer loans without requiring a cosigner or collateral, making education more accessible to students who may not have access to traditional financing options. MPOWER’s loans are designed to cover tuition, living expenses, and other education-related costs, and they provide personalized support to help students navigate the loan process and succeed academically.
Here are some additional details about MPOWER’s student loan offerings:
No Cosigner Requirement: One of the significant barriers for international students in obtaining loans is the lack of a creditworthy cosigner in the host country. MPOWER addresses this issue by offering loans without requiring a cosigner, which greatly expands access to funding for students who may not have family or connections in the United States or Canada.
Flexible Loan Options: MPOWER provides flexible loan options tailored to students’ needs. This includes covering tuition, living expenses, books, and other educational costs. The loans can also be used for undergraduate, graduate, and vocational programs, allowing students to pursue various fields of study.
Competitive Interest Rates: Despite not requiring a cosigner or collateral, MPOWER offers competitive interest rates compared to other private student loan providers. This makes their loans an attractive option for international students looking to finance their education while managing costs effectively.
Career Support Services: In addition to financial assistance, MPOWER offers career support services to help students succeed beyond graduation. This includes resume building, interview preparation, and networking opportunities, empowering students to transition smoothly into the workforce after completing their studies.
Focus on Diversity and Inclusion: MPOWER is dedicated to promoting diversity and inclusion in higher education. They actively support DACA (Deferred Action for Childhood Arrivals) students, providing them with access to loans and resources to pursue their educational goals in the United States.
Personalized Customer Service: MPOWER’s customer service team is known for providing personalized support to students throughout the loan application process and during the repayment period. They understand the unique challenges faced by international students and strive to make the experience as smooth and transparent as possible.
Overall, MPOWER Financing’s student loan offerings cater to the specific needs of international and DACA students, empowering them to pursue quality education opportunities abroad and achieve their academic and career aspirations.