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Last Updated: 04/18/2025

MPOWER Student Loans

from MPOWER Financing

Last Updated: 04/18/2025
MPOWER Student Loans logo
Rating not yet determined1 total votes
1 users don't recommend

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Highlights

Fixed APR

13.72% - 15.01%

Variable APR

N/A

Amount Range

$2,001 - $100,000
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MPOWER Student Loans Review

MPOWER Student Loans is offered by MPOWER Financing, a marketplace lending platform founded in 2014 and based in Washington, DC. MPOWER Student Loans are available in 50 states and Washington, DC.

MPOWER Student Loans FAQ

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

It offers a fixed APR that ranges from 13.72% up to 15.01% .

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 $2K and offers loans up to $100K.

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 to 10 years.

What type of borrowers will MPOWER Student Loans consider?

MPOWER Student Loans considers loans applications from:

    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.
    U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by MPOWER Student Loans. An uncommon feature is for lenders to offer their services to non-residents. MPOWER Financing is one of the few that does.
    To qualify, applicants may need to provide the following documentation:
    • Proof of income
    • Driver's license or other government photo ID
    • Proof of citizenship or residence permit
    • Proof of residence

    Is MPOWER Financing a legit company?

    MPOWER Financing was founded in 2014, it is a well-established company that has been in business for 12 years.
    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    MPOWER Student Loans logo

    Message from MPOWER Student Loans

    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.

    Contact

    Headquarters

    2032 Belmont Rd NW
    Washington, DC 20009
    Visit Site
    Email Support

    Other Services by MPOWER Financing

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    SuperMoney Net Recommendation Score

    Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

    -100

    -1000+100
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    Everyone recommends
    The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

    MPOWER Student Loans Community Reviews

    Would you recommend MPOWER Student Loans to your friends?

    Alex G. avatar image

    Alex G.

    Aug 21, 2019

    May or may not recommend

    Do not use Mpower, they will give you a hard credit check and even if that is enough to reject you they wont inform you for weeks upon weeks and will ask you for more documents (even though they already know they are going to reject you). Absolutely terrible business practice, do yourself a favor and do whatever it takes to find a cosigner and go through a traditional bank.

    Showing 1 of 1 reviews

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