MPOWER funding increases loan limit for international students to $ 100,000


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Student feedback leads to increased financial support at over 350 universities in the United States and Canada

MPOWER financing, a financial technology company focused on the mission and main supplier Highly Promising International Student Loans and DACA, increases its student loan limit from $ 50,000 to $ 100,000, effective immediately.

By increasing its loan limit, MPOWER ensures that promising students around the world have better access to education. MPOWER loans can be used for all education-related expenses, including tuition, housing meals, books, and health insurance.

“As a mission-driven company, we are constantly looking to make sure that we are serving our student body,” said Manu Smadja, CEO of MPOWER Financement. “We have received an influx of messages from our students indicating that additional financial support is needed. We were listening. Following our capital injection this summer, we are delighted that we can now provide more financial resources to make obtaining an education in the United States and Canada more accessible.

MPOWER loans are unsecured and co-signer free, and students benefit from free credit, immigration counseling and job placement assistance through MPOWER Path2Success Program. As a mission-oriented organization, MPOWER is committed to providing financially viable loans to students and recommends that the total amount borrowed for studies be less than the salary one can reasonably expect to earn after the first year after the graduation. ‘Graduation.

About MPOWER funding:

MPOWER financing, headquartered in Washington, DC and with offices around the world, is a mission-driven and main supplier global education loans that do not require a co-signer. It is the only student lender in the world that uses a proprietary algorithm to analyze overseas and domestic credit data and the potential for future earnings to serve high-potential international and DACA students. MPOWER works with over 350 top universities in the United States and Canada to provide funding to students from over 200 countries. The MPOWER team, which is largely made up of former international students, help build students’ credit histories and provide them with personal financial education and professional support to prepare for life after school. MPOWER has been named one of the best places work, one of the best technological workplaces for diversity, and one of the American bankers the best fintech companies to work for four years in a row. The team is supported by Tilden Park Capital Management, King Street Capital Management, ETS Strategic Capital, Drakes Landing Associates, Pennington Alternative Income Management, Zephyr Peacock, Breega, Potencia Ventures, Goal Solutions, Gray Matters Capital, Cometa, AI8, DreamIt, 1776, Village Capital, Fresco, K Street and University Ventures.

Colby Jones, The Relentless Collective, (646) 709-5476, [email protected]

Source: MPOWER funding

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