It's important to note that MPOWER loans are designed for international students, including Nigerians, studying in the U.S. and Canada, and the loan amount can range from $2,001 up to $100,000 total ($50,000 per academic period).

To apply for an MPOWER student loan in Nigeria, you can follow these general steps:

Check Loan Eligibility: Visit the MPOWER Financing Website to find out if your school and program are eligible for the loan.
Initial Application: Fill out and submit the application with a valid, unexpired photo.
Loan Amount and Terms: Select the type of degree, loan amount, and review the interest rates and terms provided
Funding Eligibility: Ensure that you meet the eligibility criteria, which includes being an international student attending an eligible U.S. or Canadian college or university.
Loan Usage: MPOWER loans can be used for university-related expenses, including tuition, books, meal plans, housing, and health insurance at most schools when studying in the U.S. or Canada.
Loan Repayment: Understand the repayment terms and fixed interest rates for the entire duration of the loan if approved.

What are the Eligibility Requirements for Mpower Student Loans in Nigeria

To be eligible for an MPOWER student loan in Nigeria, you must meet the following criteria:
Student Status: You must be an undergraduate or graduate student within two years of your graduation date.
International Student: MPOWER loans are designed for international students studying in the U.S. and Canada.
No Cosigner or Collateral: MPOWER loans do not require a cosigner or collateral, and they are based on your future earning potential.
Loan Usage: The funds can be used for university-related expenses, including tuition, books, meal plans, housing, and health insurance at most schools when studying in the U.S. or Canada.
Loan Amount: Students can borrow from as little as $2,001 up to $100,000 total ($50,000 per academic period)

Please note that MPOWER provides loans for international students (Nigerians inclusive) studying or about to study in the US or Canada. This therefore means that Nigerian students studying in Nigeria are not eligible for these loans.

CLICK HERE TO APPLY

Nice