Financing high-potential domestic & international students at US campuses
MPOWER lends to highly-employable domestic & international students at top US campuses who are left out of traditional banking options.
MPOWER builds on best practices set by LendingClub, SoFi, CommonBond, Earnest, Upstart, and others in the mainstream refinancing market, and applies these insights to an unaddressed segment of the population: high-potential international and domestic students at top Universities. This segment requires capabilities that are unique to MPOWER: a non-FICO based credit score, school partnerships, and international servicing.
Loans are 3 or 10-year, fixed-rate, and range between $2,000 and $25,000. MPOWER disburses payments directly to the university to cover tuition or university-sponsored housing, meal plans, or health insurance. The loan comes with free personal finance education courses, credit-building, and a job placement service for the students.