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  MPOWER Student Loans

MPOWER Student Loans

in Private Student Loans from MPOWER Financing

Unaffiliated

MPOWER Student Loans

Unaffiliated

in Private Student Loans from MPOWER Financing

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Highlights
Highlights
Community Rating

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In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Fixed APR 7.99% - 13.99%
Variable APR N/A
Loan Amount $2,001 - $50,000

MPOWER Student Loans Review

MPOWER Student Loans is offered by MPOWER Financing, a marketplace lender founded in 2014 and based in Washington, DC. MPOWER Student Loans is offered in 50 states (and Washington, DC).

What rates does MPOWER Student Loans offer for in-school private student loan?

It offers a fixed APR that ranges from 7.99% up to 13.99%.

How much can you borrow from MPOWER Student Loans?

Available loan amounts may vary by applicant but MPOWER Student Loans has a minimum loan amount of $2.001K and offers loans up to $50K.

Does MPOWER Student Loans charge an origination fee?

Yes, MPOWER Student Loans charges a loan origination fee of 5% of the loan amount. MPOWER Student Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow..

Does MPOWER Student Loans charge prepayment fees?

No, MPOWER Student Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does MPOWER Student Loans offer?

MPOWER Student Loans provides repayment terms ranging from 3 to 10 years.

What type of borrowers will MPOWER Student Loans consider?

MPOWER Student Loans considers loans applications from:

  • undergraduate students
  • graduate students

What do you need to qualify for MPOWER Student Loans?

MPOWER Student Loans does not require or does not disclose a credit score minimum.

MPOWER Student Loans does not have or does not disclose a minimum annual income eligibility requirement. MPOWER Student Loans only considers borrowers who are employed.

U.S. citizens, permanent residents, and non-residents can all apply for a MPOWER Student Loans loan.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
  • Proof of residence
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Contact

  • Headquarters
  •   2032 Belmont Rd NW
    Washington, DC 20009 USA
  •   Visit Site

Message from MPOWER Financing

MPOWER is a student loans marketplace that targets both domestic and international student attending US universities and colleges. The loans offered by MPOWER can be used to pay for tuition and university-sponsored services, such as health insurance, meal plans, or housing.

About MPOWER Student Loans

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 6
No Prepayment Fee  
Late Fee After (number of days) 15
Late Fee Amount $5
Origination Fee 5%
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Verification Documents Required
  • Proof of Income
  • Proof of Residence
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $2.001K - $50K
Loan Term 3 - 10 years
Fixed APR 7.99% - 13.99%
Up to Cost of Attendance  

MPOWER Student Loans Community Reviews

 
 

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