When should I apply for a loan with MPOWER? April 03, 2019 16:54 You can apply for a loan a maximum of 12 months prior to when you need the money for school. Related articles I'm not admitted to a school. Can I still apply for a loan? Do I need a U.S. or Canadian credit score or cosigner? My school is not on the list of schools that MPOWER supports. What should I do? As an international or DACA student, am I eligible for a loan? What documents and personal information should I have prepared when applying?