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International
scholarships

The financial aspect of studying abroad can be daunting. Applying for scholarships is one way to help you fill the gaps in funding your education. Every little bit counts, and with scholarships, including MPOWER international scholarships, you can move closer to your goal of receiving a world-class education in the U.S. or Canada.

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What types of international scholarships are there?

There are many different kinds of international scholarship awards offered by organizations around the world, covering a variety of expenses. The main types include:

Merit-based international scholarships
One of the most common types of college scholarships is a merit-based scholarship. This type of scholarship is awarded to students based on their academic, artistic or sports achievements. If you have a unique skill or accomplishments in one or more of these areas, it’s worth exploring the possibility of a merit-based scholarship.

Need-based international scholarships
For students with financial limitations, need-based scholarships can be a great opportunity to access the funding international students need for university. Generally, need-based scholarships require you to provide details about your financial circumstances with documentation as proof. Although this type of scholarship may not cover all the financial aid a student needs, it can still be a significant help.

Scholarships specific to institutions
Many universities and educational institutions offer unique international scholarship opportunities specific to that university. The requirements for this type of scholarship can range widely from personal attributes like nationality to community involvement. These scholarships tend to be for smaller amounts, but they can still help manage the overall cost of an international education.

Scholarships specific to subjects
Depending on your chosen area of study, you might be eligible for specific scholarships available to students within that field. For example, if you are interested in studying computer science, specific scholarships may be available only for computer science students. Similar to other scholarships, there may be varying requirements based on merit, financial need or international student status.

How do you apply for an international scholarship?

The process of applying for scholarships usually involves several stages but will vary from one scholarship to the next. Initially, you’ll need to identify potential scholarship opportunities that align with your qualifications and needs. Next, assemble the necessary documents for your application, including academic records, recommendation letters and personal essays. Each scholarship has its unique application process and requirements, so ensure you follow the instructions meticulously. Lastly, submit your application before the deadline. Applying for several international scholarships is a good idea to increase your chances of securing financial aid.

Bear in mind that each scholarship comes with its own prerequisites and deadlines, making it essential to stay organized and initiate the process early. While applying for scholarships can be demanding, the potential financial benefits make it a worthwhile endeavor.

MPOWER Financing School Scholarships

International student scholarships are designed with your needs in mind.

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The importance of international scholarships

Securing an international scholarship takes some financial pressure off students, granting you the freedom to focus on your studies, engage in extracurricular activities and fully embrace the higher education experience. Such scholarship awards signify a recognition of talent and potential, and are often open to students from around the globe, breaking down financial and geographical barriers to education.

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The MPOWER approach to international scholarships

At MPOWER Financing, we understand the unique challenges international and DACA students encounter when seeking financial assistance for education. The scholarships and grants for international students aim to support future leaders.

Besides offering a variety of specific scholarships like those for MBA students and women in STEM, MPOWER presents unique monthly scholarship opportunities. Each month, the submission topic varies; past examples encompass Back to School Advice and Embracing and Overcoming Challenges. It’s advisable to check back each month for updates.

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All about MPOWER Financing

Why consider international scholarships from MPOWER Financing? Founded by international students, the MPOWER team has firsthand experience with the journey of international education and is dedicated to walking this path with you. MPOWER’s core mission is to reduce financial barriers to international education, enabling thousands of students to fulfill their dreams of studying abroad.

To make this a reality, a range of support is offered throughout your academic journey – from scholarships and student loans to immigration tips and career services. Understanding the unique financial challenges international students face, MPOWER works with partners to help you navigate these hurdles, ensuring access to the resources needed to unlock your full potential.

At MPOWER, it’s not just about financing your education, but about shaping globally-minded, multilingual, culturally proficient graduates ready to address the world’s most pressing issues in fields like science, technology, business and public policy. This can only be achieved by supporting international students, through different means, including MPOWER career strategy services aimed at aiding students and alumni in navigating their career progression. In collaboration with universities, international scholarships are offered to help ease the financial aspect of your education. The ultimate goal is to empower you, the student, to reach your academic and career aspirations.

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FAQs

What is an international scholarship?

An international scholarship is a form of financial aid or assistance awarded to students to help them fund their international academic programs. International scholarships are often provided by colleges, universities, non-profit organizations and foundations.

Who is eligible for an MPOWER scholarship?

You’re eligible to apply for an MPOWER international student scholarship if you’re:

    • Accepted or enrolled in an MPOWER-eligible, full-time degree program at a U.S. or Canadian school
    • An international student or DACA student permitted to legally study in the U.S. or Canada
    • Able to meet any additional criteria outlined for specific scholarships
What types of international scholarships does MPOWER Financing offer?

MPOWER Financing offers a variety of specific scholarships like those for DACA students, women in STEM and MBA students, among others. Additionally, MPOWER provides unique monthly scholarship opportunities. Each month the topic for submission changes; past examples include back-to-school advice and embracing and overcoming challenges. Check back each month for updates.

*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.

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.

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