Payments will be interest only until graduation, plus an additional 6-month grace period. The remaining months of repayment are calculated using a 120-month amortization schedule. All payments are made on time, a forbearance is never utilized, and there is no pre-payment of any principal.
What countries is MPOWER approved in?
MPOWER Works with Leading Universities and Schools in the U.S. and Canada.
Does MPower Require a Collateral?
For instance, MPOWER Financing offers foreign student loans without requiring collateral or a cosigner to students.
Applying for a loan in the amount of between US$2,001 and US$100,000 will enable you to secure a fixed interest rate for the duration of the loan.