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Mpower Financing offers its student loans to students who cannot typically qualify for a loan from other banks or lenders unless they have a co-signer or collateral. [1] Mpower Financing lends to students who are within two years from graduation. [2] Many recipients are international (non-American) and DACA students.
Most students need a cosigner in order to qualify for a private loan. [11] Many international students can obtain private loans (they are usually ineligible for federal loans) with a cosigner who is a citizen or permanent resident. However, some graduate programs (notably top MBA programs) partner with private loan providers.
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Canadian students attending colleges in the US may obtain loans through the Canadian government's Ministry of Skills, Training, and Labour. Alternative loans Canadian international students may apply for are the Canadian Higher Education Loan Program, [26] Global Student Loan Corporation (GLSC), [27] and International Student Loan Program (ISLP).
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