MPOWER Financing partners with F1 Hire to support the career advancement of international students
The partnership aims to create employment pathways for talented students from around the world
WASHINGTON, D.C., April 12, 2024: MPOWER Financing, a mission-driven fintech firm and the leading provider of no-cosigner loans to promising international students, has announced a partnership with F-1 Hire, a data-driven staffing and career management company that helps U.S. employers find qualified global candidates. By leveraging the strengths of both organizations, the alliance will create pathways to success for high-achieving students from around the world.
“Our partnership with F1 Hire is a landmark initiative aimed at dismantling the barriers international students face in the global job market,” said Lisa Kaplan, head of Product and Digital Platforms at MPOWER Financing. “This collaboration is a testament to our commitment to, and investment in, our students, providing them with a robust support system that caters to their academic, professional and financial needs.”
“We’re delighted to work with MPOWER and to support their mission of helping international students study in the U.S. and Canada,” said Andrew Chen. CEO of F1 Hire. “Together, we’ll create new opportunities for talented students from around the world to realize their dreams and potential.”
International students face unique financial, legal and early career challenges compared to their domestic classmates. According to the International Talent Friendliness Index (ITFI) maintained by F1 Hire, less than 1.6% of job openings in the U.S. job market are sponsorship-friendly to international talents, and 12% of companies explicitly reject any sponsorship. F1 Hire’s browser extension software makes the job search process more productive for global talents to find CPT/OPT/H1B internships/jobs on five major job boards.
MPOWER works with more than 400+ top universities across the U.S. and Canada to provide no-cosigner financing to students from 200+ countries. Its proprietary algorithm assesses the potential of each applicant to ensure equity in education loans regardless of income, family background or gender, providing international students with better access to education.
F1 Hire specializes in sourcing and retaining international talent in the U.S. for small to midsize employers, including facilitating onboarding compliance and CPT/OPT/H-1B sponsorship. The organization also supports colleges and institutions to effectively use student-driven data to create proactive career readiness programming. MPOWER supports students to attain career readiness through its Path2Success program, With this partnership, F1 Hire enhances MPOWER’s Path2Success Program, helping these students seek gainful employment in their desired field after graduation.
About MPOWER Financing
Headquartered in Washington, D.C., and with employees worldwide, MPOWER Financing is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international students. MPOWER works with over 400 top universities across the U.S. and Canada to provide financing to students from over 200 countries. The MPOWER team primarily consists of former international students and provides students with personal financial education and career support to prepare them for their professional careers after graduation.
MPOWER is a Certified B-Corp and has been named a Great Place To Work, one of the best fintechs to work for, and the best tech workplace for diversity. The company is hiring for various positions worldwide.
About F1 Hire
F1 Hire, LLC, a WholeRen Group company, is a data-driven staffing and career management company based in Pittsburgh, Pennsylvania. F1 Hire provides a must-have tool for international talents to find CPT/OPT/H-1B internships and jobs. F1 Hire supports the career advancement of international talents in the global market. They effectively help small to mid-size U.S. employers find the best-fitting and qualified candidates from the international student talent pool.
