Disbursement at MPOWER refers to the process by which your approved loan funds are transferred directly to your university/school to cover your education and associated costs. Here are the key aspects of the disbursement process:

• Direct Transfer: MPOWER disburses loan funds directly to your school, ensuring that the funds are used for academic expenses like tuition and fees.
• Cost Benefit and Efficiency: This direct payment approach saves students from the complexities and costs associated with international fund transfers, such as hefty foreign exchange rates and money transfer fees.
• Disbursement Schedule: Sit back and relax! MPOWER coordinates with your school to match disbursement schedules with academic needs. You and your school are informed about the timing of fund releases. The disbursement usually takes place after the completion of the electronic signing (E-sign) of the loan agreement and verification with your school, as per the schedule agreed by your school's financial aid office.
• Verification: A valid visa is mandatory for international students to process disbursements.

You can focus on your studies without worrying about the logistical challenges of securing and managing educational funds.