Getting a master’s or doctorate in the United States or Canada? The loan tool from MPOWER Financing can be useful. If you’re going to graduate school to further your education, whether it’s for a master’s or doctorate, you probably already know how expensive tuition can be, particularly for students from other countries. The money you’ll eventually make in your career will surpass any fees you’ll normally have to pay in the US or Canada!
MPOWER Financing acknowledges the significance of funding the next generation of academics. So that you can better understand your options, MPOWER created a student loan tool. Even MPOWER itself might make you an offer on a student loan of up to $100,000.
Get Up to $100,000 Student Loan for Your Master in US or Canada - Apply before 31 December 2024 to get as low as 9.99% interest rate
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Student loans for international graduate students
Finding possible funding sources is made simple with the help of the student loan search tool. After providing some brief information about yourself and your intended course of study, including your anticipated graduation date, you will be given a list of possible options.
Even more, you will be asked how much money you require, allowing you to tailor your funding to the particular gap you are attempting to close.
Moreover, MPOWER Financing eliminates the requirement for a co-signer, making it far simpler to obtain a loan than with other options.
USA schools supported by MPOWER
However, not every college or university in the USA will be eligible for an MPOWER loan. Presently, MPOWER collaborates with roughly 300 institutions in the USA, some of the most well-known of which are:
| A. T. Still University of Health Sciences | Missouri | United States |
| Adelphi University | New York | United States |
| Albany College of Pharmacy and Health Sciences | New York | United States |
| Albany Medical College | North Carolina | United States |
| Allen College | Iowa | United States |
| American University | DC | United States |
| American University of Antigua (AUA) College of Medicine | New York | United States |
| Amherst College | Massachusetts | United States |
| Appalachian State University | North Carolina | United States |
| Arcadia University | Pennsylvania | United States |
Canadian schools supported by MPOWER
However, not every college or university will be eligible for an MPOWER loan. Presently, MPOWER collaborates with roughly 20 Canadian institutions, some of the most well-known of which are:
- York University
- University of Alberta
- University of Toronto
- The University of Waterloo
- Vancouver Island University
- and many others.
Click here to see the full list of supported schools in the USA and Canada.
How to check your eligibility for the MPower Loan
To find out if you qualify, it’s best to finish the eligibility check. Your eligibility to start the application process is confirmed by the eligibility check. But after their staff has reviewed your entire application and all supporting materials, we won’t know if you can get a loan or not.
To be qualified for an application, you need to fulfill the following conditions:
1. You are currently admitted to or enrolled in a school in the U.S. or Canada that MPOWER supports.
2. You will receive your diploma from your program in two years.
3. You want the money to be distributed over the upcoming year.
4. During your time in school, you have to live in the United States or Canada, depending on which nation your school is in.
5. You need to be admitted to or registered in a program that qualifies.
6. You are not a national of a prohibited nation or facing special punishments.
Note that you do not require a CREDIT HISTORY OR COSIGNER.
What next if you’re eligible for the MPower Financing Student Loan?
To obtain your funding, simply adhere to the guidelines provided on the MPOWER website. A few documents verifying your financial situation and educational background might be required, but MPOWER representatives are available to help answer any questions you might have.
Make sure you are aware of the interest rate before signing anything. Due to the fixed interest rates on MPOWER student loans, the rate will remain constant despite changes in market rates. As of right now, their starting interest rate is 12.99% (13.98% APR). If MPOWER’s auto-pay discounts apply to you, your starting rate will be 12.74% (13.72% APR).
More career options will become available to you as a result of your education, increasing your lifetime income. Once your career starts paying you back, you’ll have to repay the principal amount you borrowed from MPOWER plus interest. What extra money this is will depend on the interest rate. You will be required to repay more money if the interest rate is higher.
Interest payments are a typical aspect of borrowing money, but before you sign a contract and become legally bound, make sure you know what you’re getting into.
Other funding sources for international graduate students
Some institutions may offer you student loans and scholarships so be sure to explore all your options!
Best of luck in your journey to study in the USA or Canada!
Read Also:
The Complete Guide to Student Loans for International Students in the US
Student Loans for International Students in Canada: A Step-by-Step Guide
7 Best International Student Loans in the UK
