Listening to your feedback has always been critical for us, and we’ve received thousands of messages suggesting that you’d like more financial support to fund your studies. I’m therefore very pleased to announce that we are raising our maximum student loan size to $100,000, effective immediately.
That means you can borrow the equivalent of about ₹75 lakh, R$540k, Mex$2 million, ₦40 million, C$130,000, ¥650k, to name just a few currencies of the more than 200 countries MPOWER serves today.
This larger loan amount helps cover all or a larger portion (depending on where you’re studying) of your total educational expenses, from tuition to housing, meals, books, and health insurance. The other features you love about MPOWER’s loan product haven’t changed one bit: it’s still collateral-free, cosigner free, and a fully digital process with free credit-building, immigration guidance, and job placement assistance. We base our credit decisions on your future earning potential.
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As a mission-driven organization, MPOWER is committed to making loans that are financially sustainable for students. As a rule of thumb, we recommend that the total amount borrowed for your studies be less than the salary you can reasonably expect in your first year after graduation. For instance, if you expect to earn $60,000 post-graduation, you could reasonably borrow up to that amount to fund your studies.
We want to thank each of you for putting your trust in MPOWER as your loan provider for what we consider to be the most important investment of all – your education.
If you’re successful, we’re successful.
Emmanuel “Manu” Smadja,
CEO, MPOWER Financing
DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.
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