MPOWER Student Loans

MPOWER Student Loans

in Private Student Loans from MPOWER Financing


MPOWER Student Loans


in Private Student Loans from MPOWER Financing

Net Recommendation Score -100%



Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Rating not yet determined  

0 users recommend
0 users are unsure
1 user doesn't recommend
Cast your vote

Would you recommend MPOWER Student Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Community Rating

Rating not yet determined  

Loan Amount $2,001 - $50,000
Fixed APR 7.52% - 13.63%
Variable APR N/A

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 is 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 7.52% up to 13.63%.

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 are, of course, eligible for the services offered by MPOWER Student Loans. Permanent resident / green card holders are also eligible to apply. 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
  • Proof of citizenship or residence permit
  • Proof of residence
SuperMoney Disclosure: 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.


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

About MPOWER Student Loans

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.


  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 days
No Prepayment Fee  
Late Fee Amount $5
Late Fee Grace Period 15 days
Origination Fee (%) 5%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
Verification Documents Required
  • Proof of Income
  • Proof of Residence
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Term 3 - 10 years
Up to Cost of Attendance  
Fixed APR 7.52% - 13.63%
Loan Amount $2,001 - $50,000

MPOWER Student Loans Community Reviews


Would you recommend MPOWER Student Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)



Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

sorted by

Other Private Student Loans