MPOWER Loan 2024 provides flexible and affordable loans for international students who aspire to study in the United States or Canada. They are accepting loan applications for past, current, and future semesters up to US$100,000. Also, apply for scholarships in this article.
How to Apply for MPOWER Loans 2024/2025
To access your loan portal online, please follow the steps below
- Visit the Portal via mpowerfinancing.com
- Click on the Get Started button
- Enter your Affirming Name, Legal First Name, and Legal Last Name
- Enter your Email address Into the space provided
- Then click on Next
- Continue to check your eligibility online
- Enter your school and employment history
- Estimate your total tuition cost for a year then click on Next
- Afterwards, your estimated loan amount will be displayed then you can click on Agree and Continue
- Then confirm your Requested amount
- Lastly, enter your National ID for verification
Related Link: Getfund Scholarship Portal
MPOWER Loan Key Features 2024
Find below your loan key features online
- No Cosigner or Collateral Needed: International students don’t need a cosigner or collateral, simplifying the loan application process
- Flexible Funding: Eligible students can apply for fixed-rate loans from US$2,001 to US$100,000 with competitive interest rates. There’s also a chance for interest rate discounts. Having loans from other lenders doesn’t affect eligibility
- Build U.S. Credit History: MPOWER loans help students establish a U.S. credit history through on-time payments. No prepayment penalties allow responsible loan management
- Fast and Seamless Process: MPOWER ensures a quick and reliable process, from fast approval to seamless disbursement. Eligibility checks take just 30 seconds
- Support Along the Way: Additional support includes free visa support letters, exclusive career strategy services, and the potential for a conditional loan offer within days
- Fully Digital: The entire loan process is digital, offering convenience for students worldwide, regardless of their location
Related Link: Allan Gray Scholarship
Eligibility Requirements for MPOWER Loans 2024
To qualify for MPOWER Financing loans, you need to meet these criteria
- School Enrollment: Currently admitted to or enrolled in a U.S. or Canadian school supported by MPOWER
- Graduation Timeline: Within 2 years of graduating from your program
- Disbursement Timing: Funds should be disbursed within the next 12 months
- Residency: Reside in the U.S. or Canada (the country of your school) while attending school
- Program Eligibility: Accepted to or enrolled in an eligible program (check the list of eligible programs)
- Nationality: Not a citizen of a restricted country or subject to individual sanctions
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