Loan to Study Abroad for International Graduate and Undergraduate Students

Can’t find funding for your studies in the USA or Canada? We’re here to help.

We created the only fixed-rate student loan for international students that is secured by your future earnings potential, not by cosigners or collateral.

Our loans don’t require a credit history either, and are available to students from 190+ countries, pursuing degrees in any field.

What Makes Our Student Loan Special?

Fixed interest rates with flexible loan amounts ($2,001 to $50,000 USD total) that can cover tuition, school supplies, and living expenses for future semesters or past due balances.

Supports all majors and degrees. No requirement for a cosigner, collateral, or credit history.

Enjoy interest-only payments while in school and during the 6-month post-graduation grace period.

Earn up to 1.50% off your interest rate and build your U.S. credit history to bridge your way to future financing.

Repay your loan online in any currency or location around the world, plus no prepayment penalties if you want to pay your loan off early.

Am I Eligible for an MPOWER Loan?

You could be eligible if you are:

An undergraduate or graduate student within 2 years of graduating or about to begin a 2 or 1-year program.

An international student, DACA recipient, a U.S. citizen, refugee or asylum-seeker.

Admitted to or attending one of our 350 approved schools in the United States or Canada.

How does the online application work?

Eligibility
Check to see if you and your school are eligible

Online Appliction
Complete your online application in under 30 minutes.

Conditional Offer
Receive a conditional offer decision immediately

Update Documents
Upload your documents to the MPOWER dashboard, watch an intro video and complete a short assessment.

Final Approval
Receive a final approval once we validate your uploaded documents. We will also provide a visa support letter if you need it.

Disbursement
Relax while your school certifies your enrollment status. Once done, we disburse your funds directly to the school on their requested date.

Loan Terms for International Graduate Students

Minimum Loan Amount $2,001
Maximum Loan Аmount $25,000 per loan and a $50,000 lifetime limit
Fixed interest rate before discounts:
– Automatic payment sign-up discount

– 6 on-time payments discount with automatic payments

– Discount for reporting proof of graduation and employment

11.99% (12.94% APR)
-0.50%

-0.50%

-0.50%

Fixed interest rate after discounts: 10.49% (11.59% APR)
Term Interest-only payments in school and for 6 months after graduation
10-year repayment of interest & principal starting 6 months after graduation
Prepayment penalty None
Other Considerations

Visa support letter (to obtain I-20 from your school) Free
U.S. credit history building Free
Career Services Free
Included Life Insurance Not Required

Loan Terms for International Undergraduate Students

Minimum Loan Amount $2,001
Maximum Loan Аmount $25,000 per loan and a $50,000 lifetime limit
Fixed interest rate before discounts:
– Automatic payment sign-up discount

– 6 on-time payments discount with automatic payments

– Discount for reporting proof of graduation and employment

13.99% (14.98% APR)
-0.50%

-0.50%

-0.50%

Fixed interest rate after discounts: 12.49% (13.63% APR)
Term Interest-only payments in school and for 6 months after graduation
10-year repayment of interest & principal starting 6 months after graduation
Prepayment penalty None
Other Considerations

Visa support letter (to obtain I-20 from your school) Free
U.S. credit history building Free
Career Services Free
Included Life Insurance Not Required

Sign up here for how to Apply

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