✅ Fixed interest rates from 9.99% (11.16% APR)
✅ Loan amounts from US$2,001 to US$100,000
✅ Terms up to 10 years for repayment
✅ No cosigner or collateral required
✅ 0.25% interest rate discount with auto-pay
Why do we recommend the Mpower education loan?
The MPower Education Loan is designed specifically for international students who often face limited financing options when studying abroad. What sets it apart is its accessibility—no cosigner or collateral is needed, and eligibility is based on your future potential, not your credit history.
This loan not only provides up to $100,000 in funding, but also supports you with visa documentation, career services, and access to scholarships. With fixed rates and prepayment flexibility, it’s a smart solution for managing study expenses while building a U.S. credit profile.
Additionally, MPower’s fully digital application process ensures a quick, stress-free experience. Whether you’re aiming for a master’s degree or finishing your undergraduate journey, this loan can turn your academic goals into reality.
Writer’s opinion
The MPower Education Loan stands out as a reliable, forward-thinking financial product tailored for international students. Offered by a trustworthy lender backed by Bank of Lake Mills, it combines student-focused benefits with transparent terms and award-winning service. MPower was named the “Best Student Loan for International Students” by NerdWallet in 2024 — and for good reason.
Let’s look at an example: Suppose you take a US$30,000 loan at a fixed rate of 9.99% (11.16% APR). Over a 10-year term, your estimated monthly payment would be approximately US$392. By setting up automatic recurring payments, you’d also receive a 0.25% rate discount.
In short, this product allows you to finance your future on your terms — no obstacles, no hidden traps. Its education funding is simple, safe, and smart.
Ready to unlock your future?
If you’re ready to take the next step toward studying in the U.S. or Canada, click the button below. Learn how easy it is to apply for the MPower Education Loan and get the funding you need to start your journey.