There are several factors that impact our loan decision. Here are some reasons why an application may be declined:

You do not meet the eligibility criteria
If we find that there was a mistake on your application and your school or educational program is not supported during our credit review, the application will be declined. You may be eligible in the future if you attend a different school or program.

Your academic performance does not meet eligibility requirements
While there is no minimum grade point average that can be shared, MPOWER does consider academic performance when analyzing future potential. You may be eligible in future semesters if you are able to improve your academic performance.

Your credit history shows delinquencies in the past or currently
If your application was declined for delinquent credit obligations, this means the missed payments or other delinquencies in your credit history present significant risk. Even if your accounts are brought up to date, these past delinquencies may still impact the application decision.

NOTE: We are unable to tell you if a delinquency will impact your application before an application is submitted. Our credit team needs to review your completed application to make a decision.

You have a right under the U.S. Fair Credit Reporting Act to know the information contained in your credit file at the credit bureau listed on your loan decision letter. If you are not aware of any delinquencies or credit history, or if you believe there is a mistake in your credit history, please contact TransUnion or the credit bureau in your home country to dispute any incorrect information. MPOWER can only make a decision based on the credit reports provided by the credit bureaus and can not reconsider until the credit bureau updates the credit report. If a correction is made, you may reapply.

Your current financial situation indicates risk that you may have trouble funding your full educational program OR sustaining your loan payments
The MPOWER credit team looks at many factors to understand your current and future financial situation. If the review of these details indicates you exceed our risk limits for your ability to sustain monthly loan payments, or afford the remaining costs to complete your program, the application will be declined.

You may be eligible in the future if there is a meaningful change in your financial situation.