MPOWER Student Loans for International Graduate Students

By | January 22, 2024

MPOWER Student Loans for international graduates make pursuing higher education in the United States or Canada a transformative experience. However, the financial limitation can seem daunting, especially with limited access to traditional student loans. This is where MPOWER Financing steps in, offering a unique and empowering solution for international students seeking to finance their graduate studies.

Student Loans for International Grad Students

Understanding the Challenges of International Graduate Loans: International graduate students often face significant challenges when securing funding for their studies. Traditional lenders may require a cosigner with a U.S. credit history, which can be difficult for students without established connections in the country. Additionally, eligibility requirements can be restrictive, limiting options for students with diverse backgrounds and financial circumstances.

Loan Range:

MPOWER provides loans for international graduate students ranging from US$2,001 to US$100,000. This wide range caters to diverse needs, whether you require covering just a portion of your tuition or the entire cost of your education and living expenses.

MPOWER: A Tailored Solution for International Graduate Students

MPOWER Financing recognizes these challenges and offers a student loan program specifically designed to meet the needs of international graduate students. Here are some key features that set MPOWER apart:

  • No Cosigner Required: Unlike many traditional lenders, MPOWER does not require a cosigner for international graduate students. This removes a significant barrier for students who may not have access to a qualified cosigner in the U.S. or Canada.
  • Flexible Funding Options: MPOWER offers loan amounts ranging from $2,001 to $100,000, allowing students to borrow the funds they need to cover tuition, living expenses, and other education-related costs.
  • Competitive Interest Rates: MPOWER offers competitive fixed interest rates, providing students with predictable loan payments and peace of mind throughout their studies.
  • Eligibility for 400+ Schools: MPOWER has partnered with over 400 universities in the U.S. and Canada, giving students a wide range of choices for their graduate programs.
  • Additional Support Services: MPOWER goes beyond just financing. They offer visa support services, and career services, and help students build their U.S. credit history through on-time loan payments.

Who is eligible for an MPOWER student loan?

The main criteria for eligibility include:

  • Enrollment or admission to a supported university: Currently, MPOWER works with over 400 universities in the U.S. and Canada. While they have a strong presence in Canada, it’s always best to double-check your specific school on their website to ensure it’s included.
  • Graduate student status: MPOWER caters specifically to graduate students in undergraduate, master’s, doctoral, and other qualifying programs.
  • Within 2 years of graduation: Ideally, you should be within 2 years of completing your program at the time of applying.
  • Residency requirement: You must reside in either the U.S. or Canada while attending school.
  • Visa or study permit: For international students, having a valid U.S. visa or Canadian study permit is crucial.

What if I meet the eligibility criteria? What next?

If you fulfill the eligibility requirements, here’s the exciting part – the application process:

  1. Check your loan eligibility: Head to MPOWER’s website and utilize their eligibility checker. This quick tool will give you a preliminary indication of your chances of approval.
  2. Start your application: If eligible, proceed with the official online application. Be prepared to provide details like your personal information, academic details, and financial background.
  3. Initial review and conditional offer: MPOWER reviews your application and, if everything looks good, you’ll receive a conditional offer within three business days.
  4. Upload documents and complete assessments: This step involves submitting supporting documents like transcripts, proof of income, and identification. You’ll also need to complete some short assessments.
  5. Final review and loan approval: Upon verification of all documents and assessments, MPOWER makes a final decision on your loan approval. Typically, you’ll receive the loan funds within a few business days of approval.

Canadian Schools Supported by MPOWER:

MPOWER partners with over 400 universities across the U.S. and Canada, including a diverse range of institutions in the Great White North. To give you a better sense of the options available, let’s highlight some prominent Canadian schools supported by MPOWER:

  • Ontario: University of Toronto, York University, McGill University, McMaster University, Queen’s University at Kingston, University of Waterloo, Western University, Carleton University, Ryerson University.
  • British Columbia: University of British Columbia, Simon Fraser University, University of Victoria, University of Northern British Columbia, Emily Carr University of Art and Design.
  • Alberta: University of Alberta, University of Calgary, University of Lethbridge, MacEwan University.
  • Quebec: Concordia University, Université de Montréal, McGill University (French program), Laval University.
  • Manitoba: University of Manitoba, Brandon University.
  • New Brunswick: University of New Brunswick, Mount Allison University.
  • Nova Scotia: Dalhousie University, Acadia University.
  • Saskatchewan: University of Saskatchewan, University of Regina.

Benefits for International Graduate Students:

Choosing MPOWER as your student loan provider can offer several significant benefits for international graduate students:

  • Accessibility: MPOWER removes the cosigner requirement, making it easier for students from diverse backgrounds to access funding.
  • Flexibility: The range of loan amounts and competitive interest rates allow students to tailor their loans to their specific needs and budgets.
  • Peace of Mind: Fixed interest rates provide predictability and stability, allowing students to focus on their studies without worrying about fluctuating loan payments.
  • Support Network: MPOWER’s additional services, like visa support and career guidance, provide valuable resources to help students succeed throughout their academic journey and beyond.
  • Credit Building: On-time loan payments with MPOWER help students build their U.S. credit history, which can benefit future financial endeavors.

Beyond the Loan: Empowering International Graduates for Success

MPOWER goes beyond simply providing financial assistance. They recognize the unique challenges faced by international graduates and offer a variety of resources to help them succeed:

  • Scholarship Opportunities: MPOWER offers scholarships for international graduate students, providing additional financial support for deserving candidates.
  • Career Services: Their career services team helps students with resume writing, job search strategies, and interview preparation, equipping them for success in the U.S. or Canadian job market.
  • Financial Literacy Workshops: MPOWER provides workshops and resources on financial planning, budgeting, and debt management, empowering students to make informed financial decisions.
  • Community Building: MPOWER fosters a strong community of international graduates through events, online forums, and mentorship programs, providing students with valuable support and networking opportunities.

Important Considerations for International Graduate Students

While MPOWER offers a compelling solution for international graduate students, it’s important to consider all aspects of borrowing before applying for a loan:

  • Loan Terms and Conditions: Carefully review the loan terms and conditions, including interest rates, repayment schedules, and potential fees.
  • Borrowing Responsibly: Only borrow what you need and can afford to repay. Consider the long-term financial implications of taking on student debt.
  • Alternative Funding Options: Explore scholarships, grants, and other financial aid opportunities to reduce your reliance on student loans.
  • Seek Professional Guidance: Consult with a financial advisor or counselor to discuss your financial situation and determine the best loan option.


MPOWER Student Loans offer a unique and empowering solution for international graduate students seeking to finance their studies in the U.S. or Canada. With flexible funding options, competitive interest rates, and valuable support services, MPOWER helps students overcome financial barriers and achieve their academic and professional goals. By carefully considering the loan terms and borrowing responsibly, international graduate students can leverage MPOWER to realize their educational dreams.

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