Loan for study in the US & CAN

Loan for study in the US & CAN

To Study in the US or Canada? Secure Your Future with Flexible International Student Loans

Funds to achieve your study abroad dreams

Our loans don’t require a cosigner or collateral - because we believe in your future potential.

A loan based on 

your future earnings

An international student loan with us is an easy and affordable way to fund your education on your own. Our loans help support your independence since we never require a cosigner or collateral.

Who’s eligible for funding?

You could be eligible for an MPOWER student loan if you’re:

• An undergraduate or graduate student within 2 years of graduating or about to begin a 1-year or 2-year program.
• An international student, DACA recipient, U.S. citizen, refugee, or asylum-seeker.
• Admitted to or attending one of our 400+ approved schools in the U.S. or Canada.

• Our loan terms

  MPOWER student loans provide benefits beyond funding for every type of student:

  • No fees paid out-of-pocket, pay nothing until your first interest-only loan payment
  • Fund up to 100% of education expenses, including living expenses for schools in the U.S.
  • Get visa support, career services, and build your U.S. credit history by making on-time payments
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Terms Interest Rate Before Discount – Graduate 12.99% (13.98% APR) – Undergraduate 13.99% (15.01% APR) Interest Rate Discount 0.25% for signing up for autopay Interest Rate After Discount – Graduate 12.74% (13.72% APR) – Undergraduate 13.74% (14.75% APR) Interest Rate Type Fixed – This means your rate won’t change and your payment will remain the same even in a rising interest rate environment. Term 10-year repayment In-school Payment Interest-only payments while in school and for six months after graduation. Prepayment Penalty None Other considerations U.S. Credit History Building Yes – Timely repayment of your MPOWER student loan builds credit history. Collateral or Cosigner Never required Visa Support Letter (to obtain I-20 from your school) Free Career Services Free  Global Payments Free – Pay from anywhere, anytime