Mpower Finance Loan for Study Abroad: University List

Students often face challenges in securing an education loan without a co-applicant since traditional student loans require co-applicants and collateral. This is where MPOWER Financing steps in. Established in 2014, MPOWER Financing offers no co-applicant, no-collateral education loans to students. MPOWER has supported thousands of students from 190 plus countries to pursue their higher education at more than 500 universities across the US and Canada. They have a list of approved foreign universities for education loan MPOWER Financing. The list includes a wide range of schools, including both public and private universities. These institutions are shortlisted based on their graduation rates, postgraduate employment outcomes, and alumni earnings. With an increasing number of students relying on education loan abroad, it is crucial for students to understand top universities approved by MPOWER Financing, their eligibility criteria, and how to apply for MPOWER Financing education loans. 

Key Features of MPOWER Financing Education Loan Abroad

Eligibility Criteria for MPOWER Financing Education Loan for Abroad

Students are required to meet the following eligibility criteria to apply for an education loan abroad from MPOWER Financing.

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  An undergraduate or graduate student about to graduate within two years or starting a 1-year or 2-year program.
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  Eligible students include international students from over 190 countries, DACA recipients, U.S. citizens, permanent residents, refugees, or asylum-seekers. India is one of the eligible countries for MPOWER Financing education loans.
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  Students must be enrolled in the current program for at least one semester with a minimum GPA of 2.5.
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  Students must be admitted to the MPOWER Financing abroad education loan university list to become eligible for an education loan.

Understanding the Approved Colleges for MPOWER Financing Education Loan

MPOWER Financing stands out in the education loan market due to its unique feature of offering education loans without the need for co-applicants and collateral. However, students must belong to the MPOWER Financing education loan for abroad university list to qualify for an education loan. Your institution must be based in the US or Canada. MPOWER Financing selects schools based on proper accreditation, including graduation rates and employment rates. The Financing company offers a wide range of degree types, including master's, MBA, Ph.D, bachelors, JD, MD, DDS., and select boot camps across various fields. 

List of Approved Foreign Universities for Education Loan by MPOWER Financing

Ensuring your chosen college falls under the MPOWER Financing education loan list of universities abroad is a crucial step in securing funds to cover your education-based expenses. Below is the list of some of the institutions approved by MPOWER Financing for education loans.

How to Check MPOWER Financing Approved College?

You can verify whether your chosen university falls under the MPOWER Financing education loan abroad university list PDF or not by following the below-mentioned steps. 

Online Search Tool:

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  Visit the official website of MPOWER Financing. 
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  Navigate to the “Schools We Support” page. MPOWER provides an online tool where you can verify if your chosen university is supported.
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  Enter the name of your institution in the search bar. 
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  If your institution appears in the results, then it lies under the MPOWER Financing education loan college list abroad. 

Download the Full List of Approved Schools:

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  You can also download the MPOWER Financing education loan college list abroad.
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  You can find the option of download on the official website under the “Schools We Support” section.

Application Process for MPOWER Financing Education Loan Abroad

To apply for an education loan without collateral and co-applicant from MPOWER Financing, follow the steps below.

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  Assess your eligibility for an MPOWER Financing education loan. 
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  Visit the official website and click on the “Apply Now” option.
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  Fill out the form by entering the required details and upload the necessary documents. 
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  Required documents include - 

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    Resume
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    Proof of home country address 
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    Government-issued ID
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    Results of Standardized test scores like GRE, GMAT
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    Results of English Proficiency tests like TOEFL, IELTS
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    Enrollment letter
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    Academic records
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    Financial summary of the university of enrollment
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  Submit your loan application and wait for the approval. 
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  MPOWER will verify your submitted documents and related information. This generally takes 3-5 business days after submission of documents.
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  Upon approval, you'll receive a loan offer detailing the loan amount, interest rate, and repayment terms.
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  Review and accept the loan terms through your MPOWER portal.

To learn in detail refer to MPOWER Education Loan Disbursement Process.

These are the steps one must follow to apply for an education loan abroad, but you might find the process challenging since it includes several steps. This is where GyanDhan simplifies the process for you. We believe financing your education abroad does not have to be complicated and hence we provide free, personalized assistance for you throughout the process. From comparing different lenders to providing you with a customized checklist of documents to doorstep pick up of your documents, we ensure a smooth loan sanction for you. Do not go through the loan journey alone. GyanDhan makes it easier, faster, and hassle-free. Do not wait, check your loan eligibility today!

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