Am I eligible for an MPOWER loans and scholarships? November 14, 2019 16:54 Updated Yes! DACA students are eligible for our no-cosigner loans, as well as all of our scholarship programs. Related articles What is the interest rate MPOWER charges DACA students? When should I apply for a loan with MPOWER? Why did MPOWER decide to lower the interest rate for DACA students? I am a DACA student who was recently declined. Now that the rate has been reduced, should I re-apply? What kind of documentation should I provide as evidence of my DACA status?