Applying for an MPOWER loan can affect your U.S. credit score in a few ways:

Student with no US credit history: If you’re an international student without an existing U.S. credit history, your MPOWER loan application will not affect your U.S. credit score until you establish credit in the U.S.

Student with credit history available in the U.S.: If you have a credit history available in the U.S., then applying for an MPOWER loan will result in a credit inquiry that will temporarily and slightly decrease your credit score. This is a standard process for applying for most loans.

Credit building: Making loan payments timely has a positive effect on your credit history and helps build a strong credit profile. More on how you can improve your credit score with your MPOWER loan.

Learn the impact of missing payments on your credit.