How To Apply For Mpower Study Loan 2023 : Mpower Study Loan: A Low-Interest Loan for Nigerian Students to Study in US or Canada
Introduction
Many Nigerian students aspire to further their studies abroad but often lack the funds to pay for tuition fees and other expenses. The Mpower Study Loan is an opportunity for such students to pursue their academic goals in the United States or Canada. This loan is provided by a group of individuals who are passionate about helping underprivileged people from around the world. In this article, we will discuss the eligibility criteria and the step-by-step process of applying for the Mpower Study Loan.
Eligibility Criteria for Mpower Study Loan
To qualify for the Mpower Study Loan, applicants must meet the following requirements:
- Students must have admission to study at any of the over 350 Mpower accredited universities across the US and Canada.
- International students must have applied and received an admission offer from any of the accredited universities.
- If you are studying in any of the accredited universities already, you must be within 2 years of graduating or about to start a 2 or 1-year programme.
- US citizens, DACA recipients, refugees, or asylum seekers can also apply for the loan.
Loan Amount and Interest Rates
The loan amount ranges from $2,001 to $50,000 with a low-interest rate. Further information on interest rates can be found on the Mpower Financing website.
How to Apply for Mpower Study Loan
The following are the steps to apply for the Mpower Study Loan:
Step 1: Visit the Mpower Financing website at mpowerfinancing.com.
Step 2: Click on the “Login” button and then click on “Register” to create an account.
Step 3: An email link will be sent to your inbox. Click on the link to activate your account.
Step 4: Use the details of the account you have created to log in.
Step 5: Click on “Get a Loan” and fill in all the required information.
Step 6: Upload the necessary documents to the site’s dashboard.
Step 7: Watch the introduction video and complete a brief assessment.
Final Loan Approval
Upon validation of your uploaded documents and final approval, you will be offered a visa support letter if requested.
Loan Disbursement
After final approval, you are advised to hold on while your university confirms your enrollment status. Once your enrollment status is confirmed, your loan will be disbursed directly to your school on the date requested by the school.
Conclusion
The Mpower Study Loan is a great opportunity for Nigerian students to pursue their academic goals in the US or Canada. The application process is simple, and the loan does not require collateral. To find out more about the loan, visit the Mpower Financing website.
