MPOWER Financing

MPOWER removes financial barriers to higher education in the US by providing bridge loans to financially underserved students enrolled full-time at accredited institutions. Loans are either 3 or 10-year, fixed rate, and range between $2,000 and $25,000. MPOWER disburses payments directly to the university on behalf of the students to pay for tuition or university-sponsored services like housing, meal plans, or health insurance. Students start paying back the loan within 6 months after graduation. The loan comes with free personal finance education courses, credit-building, and a job placement service for the students.