Best for International Students: MPOWER Financing

Unfortunately, international students often struggle to find private student loans to pay for school, especially if they don’t have access to a cosigner who is a U.S. citizen. For those students, MPOWER Financing is the best lender. 

MPOWER Financing offers undergraduate and graduate student loans to international students as well as U.S. citizens, permanent residents, and Deferred Action for Childhood Arrivals (DACA) students. 

MPOWER Financing doesn’t require applicants to have a cosigner, an established credit history, or collateral. 

For international undergraduate students, you can borrow $2,001 to $25,000, with a $50,000 lifetime borrowing limit. The APR is 14.98%, but you can qualify for up to 1.5% in interest rate discounts, including: 

  • 0.50% automatic payment discount
  • 0.50% on-time payment discount
  • 0.50% graduation and employment discount

Both graduate and undergraduate loans require interest-only payments while you’re in school, and have 10-year repayment terms.

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