Refinance your student loan in the U.S. and gain independence
Release your cosigner and collateral, and simplify your payments
Refinance your student loan in the U.S. and gain independence
Release your cosigner and collateral, and simplify your payments
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.
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
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| 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 | |
What our students say
Easy and quick process, was able to get refinanced within a couple of days. The support and process was excellent! 
– Nikhil
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
Other Considerations
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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.
2024 © MPOWER Financing, Public Benefit Corporation NMLS ID #1233542
 U.S. office |
 India office |
| 1101 Connecticut Ave. NW Suite 900, Washington, DC 20036 | The Cube at Karle Town Center, 9th Floor, 100 Ft, Nada Prabhu Kempe GowdaMain Road, Next to Nagavara, Bengaluru, Karnataka 560045, India |