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We are accepting loan applications for past, current, and future semesters (and now loans up to US$100,000!)


Funds to achieve your study abroad dreams

Our loans don’t require a cosigner or collateral - because we believe in your future potential.

Get Started

A loan based on 

your future earnings

An international student loan with us is an easy and affordable way to fund your education on your own. Our loans help support your independence since we never require a cosigner or collateral. 

student loan without cosigner

Rely on low rates and high limits
  • Loans from US$2,001 to US$100,000
  • Fixed and competitive interest rates that will never increase
  • 0.25% interest rate discount with automatic payments

student loan without cosigner

Loans that fit your life
  • Quick conditional loan offer 
  • No prepayment penalty 
  • Students supported at 400+ U.S. and Canadian schools 

student loan without cosigner

Benefits to help you succeed
  • A free visa support letter and visa prep course
  • A job search tool, resume builder and F-1 eligible job directory
  • A prequalified U.S. credit card and bank account

Loan payment calculator

Use our tool to estimate your monthly student loan payments.

Please select the type of degree

Please select the loan amount

  • 2,000
  • 10,000
  • 20,000
  • 30,000
  • 40,000
  • 50,000

Equated Monthly Installments (EMI)

While in school

$100

(Interest only)

Post course completion

$250*

(Principal + interest)

Note: The figures provided are estimates calculated using a loan term of 120 months and an autopay discount of 0.25%. For detailed information about these assumptions, click here.

Summary of total payments

Loan amount financed

$20000
Interest rate/APR

14.74% (15.78% APR)
Discount rate

0.25%
Repayment term

120 months
Total payments

$29400

Note: The repayment term is for 120 months and assumes the minimum payment is made each time. If you pay off your loan in less than 120 months, your total loan payment will be lower. Additionally, MPOWER does not charge prepayment penalties.

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.

2024 © MPOWER Financing, Public Benefit Corporation NMLS ID #1233542

U.S. office India office
1101 Connecticut Ave. NW Suite 900, Washington, DC 20036 The Cube at Karle Town Center, 9th Floor, 100 Ft, Nada Prabhu Kempe GowdaMain Road, Next to Nagavara, Bengaluru, Karnataka 560045, India