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, collateral, or credit history required
- Fixed interest rates with up to 1.50% in interest rate discounts
- Borrow from $2,001 to $100,000 for education-related expenses
- Interest-only payments while in school to build your U.S. credit history
- 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