It only takes about 30 minutes to submit your application. The total amount of time it takes from application to disbursement will be different for each student. Some steps in the process are dependent on how quickly you or your school can provide documentation.
You can read more about each step of the process and the estimated time needed below.
Check Loan Eligibility
You must check if you are eligible to apply before beginning an application. Check here!
Estimated time: 60 seconds
Fill out and submit the application with a valid photo ID.
Estimated time: 30 minutes
We will review your application and send an email with information on the next steps. In some cases, you will receive a conditional offer. This means you may be approved if we are able to verify the information in your application. If you do not receive a conditional offer, you may still be approved, but we will need more information.
Estimated time: 1-3 business days
To complete the application process, you must upload the requested documents to your MPOWER dashboard, watch an introduction video, and complete a short assessment. Speed up this part of the process by reviewing our document checklist.
Estimated time: 30 minutes if all documents are readily available
MPOWER reviews all of your uploaded documents. If the loan is approved, we will also provide you with a visa support document, when needed.
Estimated time: 3-5 business days
School Certification and Disbursement
If a loan is approved and accepted, MPOWER requests verification from your school. This is called School Certification, and the amount of time needed is dependent on your school.
Note that disbursement dates are provided by your school. Please work with your school if you would like the funds to be paid on specific dates.
Estimated time: 2-6 weeks (generally not done until 90 days before program start date)
MPOWER verifies your immigration documentation, then schedules your loan disbursement.
Estimated time: 2-4 business days
Requesting Additional Funding
You won’t need to complete the full application if you have already applied for an MPOWER loan.
Review Existing Documents
Review the documents uploaded to your dashboard and update any that have expired. Documents expire after 90 days.
Estimated time: 5-30 minutes
Click “Request my funding” and provide any requested information
Estimated time: 10 minutes
Our team will review any updates to your information and documentation. If you remain eligible, you will receive your additional loan offer.
Estimated time: 3 business days