MPOWER Student Loans

MPOWER Student Loans

in Private Student Loans from MPOWER Financing


MPOWER Student Loans


in Private Student Loans from MPOWER Financing

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Fixed APR 7.99% - 13.99%
Variable APR N/A
Loan Amount $2,001 - $50,000

MPOWER Student Loans Review

MPOWER Student Loans is a private student loan offering by MPOWER Financing, a marketplace lender based in Washington, DC. Founded in 2014, MPOWER Financing offers student loans 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 a loan with MPOWER Student Loans?

MPOWER Student Loans doesn’t disclose its credit score minimum.

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:

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


    • 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


    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  

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