MPOWER Student Loans
Would you recommend MPOWER Student Loans to your friends?
| Community Rating |
Rating not yet determined |
| Fixed APR | 13.72% - 15.01% |
| Variable APR | N/A |
| Loan Amount | $2,001 - $100,000 |
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 2.001K 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:
- 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 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
- 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 9 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
Message From MPOWER Student Loans
Contact
- Headquarters
-
2032 Belmont Rd NW
Washington, DC 20009 USA - (202) 417-3800
- Visit Site
- Email Support
About MPOWER Student Loans
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- 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
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Late Fee Amount | $5 |
| Late Fee Grace Period | 15 days |
| No Interest Grace Period for Late Payment | 6 days |
| No Prepayment Fee | |
| Origination Fee (%) | 5% |
MPOWER Student Loans Community Reviews
Would you recommend MPOWER Student Loans to your friends?
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