Refinance your student loan in the U.S. and gain independence

Release your cosigner and collateral, and simplify your payments

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Simplify payments 

and gain flexibility

You’ve earned a degree from a top university, started a great career, and built a life for yourself in the U.S. Isn’t it time to reap the rewards of your hard work?

Release your cosigner and collateral

Benefit from lower, more convenient payments

Qualify for employer matching programs

Build independence and your U.S. credit history through timely repayment

Take advantage of employer matching to pay off your loan sooner

U.S. employers can make up to US$5,250 in student loan payments to an employee each year tax-free. But, only U.S. student loans like MPOWER qualify. Refinancing is a win-win for you and your employer to pay off your loan sooner.
Don’t leave money on the table.

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Aniket S


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What our customers are saying

“With MPOWER, not only am I saving thousands of dollars each year, but I also have the peace of mind that my parents are free and are no longer burdened as my cosigners as they move toward retirement.”

Rahul G


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What our customers are saying

"My MPOWER loan helps save thousands of dollars annually while putting me on sound footing and releasing my parents’ financial obligations."

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Release your cosigner and take care of your family

Did your parents cosign your loan? Are they feeling stressed about their financial obligation, unable to cosign a loan for a sibling, invest in their business… or just retire?

They’ve taken care of you, now you have the opportunity to return the favor and give your family more freedom. When you refinance your loan with MPOWER, you’ll be able to pay off your home-country loan and release your cosigner and collateral.

Am I eligible for an MPOWER loan?

You could be eligible if you: 

Live in the U.S. and have worked in the U.S. for at least 3 months full-time post-graduation

Have a valid visa (including H1-B, and F-1 while on OPT) or are a DACA recipient, a U.S. Citizen, refugee, or asylum seeker, and two or more years of work authorization


How you benefit from
refinancing with MPOWER

How you benefit
from refinancing

Release your cosigner and collateral
Qualify for employer-matching
Reduce monthly payments and total interest
Lock in a fixed interest rate
Guaranteed no prepayment penalty
Build U.S. credit history through timely repayments

Ready to apply
for funding?

Start my application

How does the online application work?


Check to see if you're eligible.


Upload your documents to the MPOWER dashboard.


Funds disbursed directly to your original lender.

Our loan terms

Refi Loan Terms
Minimum Loan Amount US$2,001
Maximum Loan Аmount US$100,000
Fixed interest rate before discounts:
– Automatic payment sign-up discount
11.99%(12.95% APR)
Fixed interest rate after discounts: 11.74% (12.69% APR)
Term 10-year repayment
Prepayment penalty None
Other onsiderations
Build your U.S. credit history through timely repayment of the loan MPOWER reports to all three major U.S. bureaus
Path2Success Program Free – Learn More

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.

2022 © MPOWER Financing, Public Benefit Corporation NMLS ID #1233542. 1101 Connecticut Ave NW Suite 900, Washington, DC 20036