Applicants can borrow a minimum of $2,001 and a maximum of $25,000 per academic period with a lifetime total MPOWER borrowing limit of $50,000.
An academic period can be a semester, academic year, quarter, and trimester.
As an example, a student may choose to borrow $25,000 in their fall semester and an additional $25,000 in their spring semester. Or, as an additional example, a student with 2 years remaining until graduation may choose to borrow $12,500 over each of their 4 academic semesters.
You can request funding for all academic periods in one application. Please note that each academic period is reviewed independently.