NerdWallet 2024 Best Student Loan for International Students
NerdWallet 2024 Best Student Loan for International Students
Funding for international students, by international students
NerdWallet named MPOWER Financing as the 2024 "Best Student Loan for International Students" because we're not only experts in international student loans and financing but we’ve been there – and now we want to be there for you. Here’s a look at what we offer students attending an eligible U.S. or Canadian college or university:
Fixed-rate loans from US$2,001 to US$100,000 total at competitive interest rates with up to 0.25% in interest rate discounts. Plus – we don’t mind if you have loans from other lenders; you can still apply for an MPOWER loan!
An independent student loan that doesn’t require a cosigner or collateral. Build U.S. credit history through on-time payments, and never face a prepayment penalty.
From a quick approval process to a seamless disbursement, we have you covered. It’s fast from the start – in just 30 seconds you can see if you’re eligible to apply.
Free visa support letters, exclusive career strategy services and the potential for a conditional loan offer in a matter of days.
From start to finish the MPOWER loan process is fully digital. This means ease of access around the globe – regardless of your location.
*Rates as low as 9.99% (10.89% APR) available only for the fall 2025 semester and you must submit your application by December 31, 2024. This interest rate and APR includes a 0.25% discount for automatic recurring payments and a 0.75% discount from our limited-time early planner promotion.
What we’ve achieved together
digital loan application process
students funded
eligible countries of citizenship
U.S. and Canadian schools supported
of students indicate an MPOWER loan was instrumental in their ability to study abroad
of customers are first-generation college students
Our mission is personal
We’re a public benefit corporation founded by international students on a mission to help global citizens like you reach your goals. At MPOWER, we’ll help you succeed. We make loan decisions based on your future potential, rather than your past.
Supporting you through school and beyond
There’s more to making your international education journey a success than securing funding. MPOWER offers scholarships and loans along with additional services designed to meet the unique needs of students and graduates like you.
We’re proud to be one of the best fintech’s to work for seven years in a row!
On the corporate diversity index ranked #1 for midsize companies in greater D.C.
Best for international students without a cosigner.
96% of our customers report being “happy” or “satisfied” with our level of service.
What our students say
I highly recommend MPOWER Financing to any international student looking for a reliable and trustworthy funding partner. Thank you, MPOWER, for helping to make my educational dreams a reality!
| Philip
Thanks to MPOWER's unwavering support and prompt action, I received the confirmation needed, ultimately leading to the approval of my visa. I am immensely grateful for their assistance in making my educational aspirations a reality.
| Yoofi
Thanks to MPOWER I am grateful, and I am now able to pursue my educational goals with confidence. Highly recommended!
| Fawad
The loan processing system of M Power is very fast and smooth. I received the offer support letter within 4-5 days from completion of my application. The best part about the M power is that they need any collateral. Other than this they also provide visa guidance support and various Scholarships.
Excellent service provider. All disbursements done systematically and well in time.
It was a great experience having and trying your services.
Mpower financing is a very reliable platform and disbursement of money is a top notch.thank you mpower for your assistance
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 |
