MPOWER Financing · Credit-building products
MPOWER International Student Loan
New 2026 loans are temporarily unavailable because MPOWER has reached funding capacity. A waitlist is available for future funding consideration. Standard loans target eligible international students at supported schools; approval and funding availability still apply.
Pros & Cons
Pros
- No cosigner or collateral under standard eligibility.
- Fixed individually quoted interest.
- Timely repayments can build U.S. credit history.
Cons
- New 2026 lending is temporarily paused; joining the waitlist does not guarantee funding.
- Education loan eligibility depends on the school, program and credit approval.
- Standard origination fee starts at 5% and is added to the disbursed amount; compare personalized APR and total repayment.
- Standard loans have individually quoted fixed interest; final terms and repayment schedule control.
- Standard repayment starts with interest-only payments a month after funds are sent to the school; in-school plus grace periods total at most 30 months, followed by 10 years of principal-and-interest payments. Post-graduation grace is at most six months. No prepayment penalty. Source: https://support.mpowerfinancing.com/hc/en-us/articles/360021131213-When-do-I-start-making-payments
Generated from the provider's published terms and reviewed against official sources.
Costs and key facts
| Recurring fee | Not confirmed |
| Minimum opening deposit | Not confirmed |
| SSN requirement | Not confirmed |
| ITIN accepted | Not confirmed |
| Credit check | NotStated |
Eligibility and application requirements
U.S. address: Not confirmed
Residency and other conditions: Admission/enrollment at a supported school and program required. Graduate MBA/master’s/DDS/MD students within final 30 months; other degree students within final 24 months. International and other eligible statuses subject to credit approval. Current new-2026-loan funding pause.
Geographic restrictions: Not confirmed. Confirm availability in your state.
Product review: 03 Nov 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.
Compare credit-building products requirements and costs · How we assess published requirements
Credit-builder loan terms
| Loan amount / reported tradeline | Not confirmed |
| Monthly loan payment | Not confirmed |
| Term | Not confirmed |
| Opening administrative fee | Not confirmed · Published origination fee starts at 5% and is added to the disbursed amount. Fixed rate is quoted individually; autopay can reduce the rate by 0.25%. No current guaranteed new-loan quote during funding pause. |
| Interest rate | Not confirmed |
| APR | Not confirmed |
| Advertised total payments | Not confirmed |
| Advertised finance charge | Not confirmed |
| Principal released at completion | Not confirmed |
Evidence and official terms
- OfficialPage — retrieved · View source
- OfficialPage — retrieved · View source
- OfficialPage — retrieved · View source
- OfficialPage — retrieved · View source
- OfficialPage — retrieved · View source
This information is educational and does not guarantee eligibility or approval. The provider makes the final decision.