MPOWER Financing Fills Graduate Funding Gap with New $100,000 Graduate Success Loan
MPOWER Financing Fills Graduate Funding Gap with New $100,000 Graduate Success Loan
As Federal Grad PLUS loans phase out, MPOWER launches a no-cosigner solution for independent STEM, Business, and Health students.
WASHINGTON--(BUSINESS WIRE)--MPOWER Financing, a mission-driven provider of education loans for high-potential students worldwide, today announced the launch of its Graduate Success Loan. Specifically designed for U.S. citizens and permanent residents, the program provides up to $100,000 in funding to bridge the gap left by changing federal lending policies.
"Our Graduate Success Loan ensures that bright students can pursue advanced degrees based on their academic, financial, and career potential — not their parents’ credit history.”
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Recent federal reforms are phasing out the Grad PLUS program, which previously supported approximately 440,000 students annually. With federal borrowing now capped at $20,500 per year for most programs, including Masters in STEM, MBAs, or MSNs, a massive funding gap has emerged.
“Graduate students are facing a new funding reality starting this academic year,” said Manu Smadja, CEO and co-founder of MPOWER Financing. “With Grad PLUS phasing out, thousands of talented, independent students are left with limited options. Our Graduate Success Loan ensures that bright students can pursue advanced degrees based on their academic, financial, and career potential — not their parents’ credit history.”
MPOWER’s Graduate Success Loan features:
- Funding: Up to $100,000 for tuition and living expenses.
- No Cosigner Required: Qualification is based on future earning potential.
- Competitive Rates: Fixed interest rates starting at 9.99% APR.
- Flexible Learning: Available for full-time, part-time, and online programs in high-growth fields like STEM, MBA, and Health Professions.
Unlike traditional lenders, MPOWER evaluates applicants based on their future earning potential and program quality—not parental income. This "future-forward" underwriting model allows MPOWER to support a diverse range of students who are often overlooked by traditional private lenders.
With over $2 billion in loans approved for 40,000+ students globally, MPOWER is now applying 12 years of student lending experience to support American students navigating the changing federal aid landscape. The application process is built for speed: students can receive a conditional offer through MPOWER’s digital platform instantly, with final approvals typically issued within three business days. Once approved, funds are disbursed directly to the university to cover tuition, housing, meals, books or other education expenses.
For more information about the Graduate Success Loan, visit us.mpowerfinancing.com
About MPOWER Financing
MPOWER Financing, headquartered in Washington, D.C. and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans. Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising students from around the world. MPOWER works with over 500 top universities across the U.S. and Canada and has supported 40,000 students from over 180 countries. For more information, visit www.mpowerfinancing.com.
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