MPOWER’s 2022 Social Impact Report found that 91% of surveyed international students state the availability of an educational loan was instrumental for studying abroad.
MPOWER Financing, a mission-driven fintech firm and the leading provider of scholarships and no-cosigner loans to promising students from around the world, today released their second Social Impact Report. The report analyzes the role that financing plays in international education and student outcomes.
The Social Impact Report was produced in partnership with Dr. Rajika Bhandari – an international higher education expert, former international student, and author of America Calling: A Foreign Student in a Country of Possibility. The deeply personal memoir recounts her journey from India to the U.S. as a student and immigrant, and appeals for countries to open their doors to international students.
A few key findings include:
The report concludes with a call to action for higher education institutions, policymakers, and the private sector to improve access to global education. Suggestions on taking action include:
The full report is available for download on MPOWER’s website.
About MPOWER Financing
MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international and DACA students. MPOWER works with over 400 top universities across the U.S. and Canada to provide financing to students from over 200 countries. The MPOWER team consists heavily of former international students and provides students with personal financial education and career support to prepare for life after school.
MPOWER was named one of the most diverse workplaces, one of the best places to work, and one of American Banker’s top fintech firms to work for five years in a row. They are hiring for various positions worldwide.
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