About us
MPOWER Financing is a mission-driven fintech and public benefit corporation that provides no-cosigner, no-collateral education loans to international students pursuing their studies in the United States and Canada. Founded in 2014, it’s been 10 years for us, in our purpose to eliminate financial barriers to international education.
As of 2024 end, MPOWER has approved over $2B in loans for 40,000+ students from 190+ countries.
MPOWER stands apart by assessing a student’s future potential—rather than requiring a cosigner or collateral—to make loan decisions. This approach promotes financial independence and provides a simple, affordable path to funding international education.
As a US-based lender, MPOWER is the best option for students looking to build a future in North America
U.S. credit history
Timely repayment of your loan builds your U.S. credit history, which helps with getting a job, housing and insurance in the U.S.
U.S. tax benefit
An MPOWER loan may qualify you for U.S. tax deductions (up to $2,500 per year) as you work and earn in the U.S
U.S. employer repayment support
You may be eligible for a student loan repayment benefit if it's offered by your U.S. employer.
MPower Financing
Why Choose MPower Financing for your Education Loan?
Key benefits of an MPOWER Financing loan:
- Loans up to $100,000
- Fixed, inflation-proof interest rates
- No co-signer, No collateral required
- No upfront fees
- No prepayment penalties
- Supports 500+ schools in the U.S. and Canada
- Loans available to 180+ nationalities.
- 100% digital application - 30 min to conditional offer!
- Path2Success offers visa and career support
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Why choose MPower?
Based on your future potential – No cosigner, No collateral
We don’t factor in your family income, wealth or background – just your potential.
Transparent, stable and simple
Fixed interest rates ensure your monthly payments stay consistent throughout the loan term.
One origination fee – rolled into the loan, so no upfront cost.
Our loans are in USD, so no foreign exchange fees, insurance add-ons, or surprise charges.
A modern loan you can trust
Trusted by thousands of students, with a 4.7-star TrustPilot rating from over 3,000 reviews.
Fully online process with minimal documents required – apply in under 30 minutes!
We send funds directly to your school to avoid early interest accrual.
Be rewarded for success
No prepayment penalties – only pay for what you use.
While we have a 10-year repayment tenure, students on average pay off their MPOWER loans in just five years!
Schools you can be confident about
We support students at over 500 top colleges and universities in the U.S. and Canada.
We’ve carefully vetted schools based on student outcomes so you can choose with confidence.