you can review detailed information about MPOWER student loans in the cost & fees, amount, and repayment terms sections, but here are some basics to start:
- No cosigner or collateral required
- Fixed interest rates with a potential 0.25% interest rate discount
- Borrow from US$2,001 to US$100,000 for education-related expenses
- Interest-only payments while in school to build your U.S. credit history through on-time payments
- No fees to apply or receive a Visa Support Letter
- 5% origination fee added to your loan balance (you do not need to pay this fee upfront)
- All loans are in USD