MPOWER supports a variety of schools across the U.S. and Canada. You can scroll up to the school list or check your loan eligibility to see if the school you are admitted to or enrolled in is one of them.

In order to be eligible for a loan, you must be admitted to or enrolled in a school that MPOWER supports. Please check your loan eligibility.

For support in your college application process, please consider some of the options below:

• eduPASS: A website dedicated to providing information to international students seeking to study in the U.S.
• EStudentLoan: A private loan finder source that helps students compare different loan options.
• Fortuna Admissions: An M.B.A admissions consulting firm with strong personal focus.
• Globalizers: An India-based education consulting firm.
• GMAT Club: An information-sharing and resource center that can help with the business school application process.
• Mentorverse: Expert mentors who provide one-on-one help for international students applying to U.S. colleges.
• Unigo: An online resource that offers a variety of scholarships to current and future students.

If your school is not on the list of schools MPOWER supports, unfortunately, you will not be able to apply for an MPOWER student loan. But our list of schools is always growing, so please check back for updates.

As an alternative, consider visiting our partner Sallie Mae to determine your eligibility for their student loans.

No, the funds are disbursed directly to the school regardless of the type of funds (e.g. tuition, living expenses, other school fees, etc.).

Your monthly payment amount will depend on your loan amount and interest rate. If you qualify for discounts, your payments would work as follows: For a loan amount of $10,000 at an interest rate of 11.99% (11.60% APR¹), your monthly interest-only payment would be $100.54 for the first six months and $96.16 for the next eight months. You would be required to make this interest-only payment while in school as well as for six months after graduation. After the six-month interest-only period ends, you would be required to make interest and principal payments of $141.62 each month for the next 120 months.

For more repayment examples, please click here.

If your payment deadline is approaching, please reach out directly to your school for an extension by showing a loan approval letter from MPOWER. If your loan application is approved and the documents are under final review, most schools will allow an extension.