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  2. Loan Eligibility

Loan Eligibility

Learn more about eligibility criteria.

Citizenship

  • As an international student, am I eligible to apply?
  • What is the process for getting an F-1 student visa or study permit in the U.S. and Canada, respectively?
  • Can MPOWER provide a Financial Support Letter for the I-20 or Visa application process?
  • What U.S. visas must I have to apply for a loan with MPOWER?
  • As a DACA student, am I eligible to apply?
  • Am I eligible to apply as a U.S. citizen or a Permanent Resident?

Schools & Programs

  • Can I get a loan if I don't see my school on the list of MPOWER-eligible schools?
  • Which U.S. and Canadian schools are eligible?
  • What programs are eligible?
  • When should I apply for a loan with MPOWER?
  • Do I have to be admitted or enrolled at a school to apply?

Credit Requirements

  • Credit requirement general information
  • Can I apply if I have bad credit or no credit history?
  • What credit bureau does MPOWER use to check my credit history?
  • Will a cosigner or co-applicant improve my chances of approval?
  • How do I get a copy of my credit report?
  • Do I need a U.S. or Canadian credit history?

Declined Applications

  • Why was I declined?
  • Can I apply again after I was declined?
  • My application was declined - can you review my application for a lower amount?

Loan Eligibility

  • General Eligibility Information

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DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.