MPOWER MBA Scholarships, USA-Canada 2022-23

MPOWER Financing is offering high-potential students an amazing chance through its MPOWER MBA Scholarships for the school year 2022-2023.

MPOWER MBA Scholarships, USA-Canada

This master’s scholarship programme is only available to overseas students pursuing a master’s degree in business administration. Up to $10,000 USD will be awarded to students.

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    What are the benefits of applying for this programme? They are a group of worldwide people dedicated to reducing educational barriers by providing much-needed funding. As a public benefit corporation, they evaluate themselves based on the influence they have on society rather than just on their financial objectives.

    MPOWER MBA Scholarships, USA-Canada

    More About MPOWER Financing

    Mpower Financing is a non-profit organisation whose claimed mission is to lower the cost of overseas education. It is headquartered in Washington, DC, and has a presence in Bangalore, India. It was formed in 2014 by Manu Smadja and Michael Davis, who met while attending INSEAD in Paris.

    Mpower Financing provides student loans to students who would otherwise be unable to obtain a loan from other banks or lenders without a cosigner or collateral. Tis Financing provides loans to students who are less than two years away from graduating. International students and domestic students whose parents lack the credit history to cosign, as well as DACA recipients, frequently benefit from these services. As of March 2018, this Financing services are accessible at 350 university and college programmes. Approximately 90% of its borrowers are enrolled in graduate school.

    Manu Smadja and Michael Davis created Mpower Financing in 2014. Both had struggled to pay for their school in the United States, and they met in 2009 while pursuing their MBAs at INSEAD in Paris. Harvard was the company’s first university partner when it formally launched in May 2015. This Financing stated in October 2016 that it had received $6 million with the help of Zephyr Peacock India.

    MPOWER MBA Scholarships, USA-Canada

    Mpower Financing services became offered in all 50 states in July 2017 as a result of a collaboration between the company and Bank of Lake Mills. This Financing announced a $100 million debt round in August 2017 in order to provide more student loans. On February 16, 2017, Mpower Financing announced that it has received over $150 million in loan applications. Mpower Financing partnered with credit reporting bureau Nova Credit in the summer of 2017 to streamline the application and underwriting process for overseas candidates.

    Mpower began its international student loan programme in Canada in 2018, with 12 universities in Ontario and British Columbia participating. Mpower launched a scholarship programme, the Mpower Global Citizenship Scholarship, in the same year. Each year, four awards totaling $5,000 are given out.

    Mpower Financing was said to have received over $1 billion in loan applications as of April 2019.

    MPOWER MBA Scholarships, USA-Canada

    Brief Description

    • University or Organization: MPOWER Financing
    • Department: NA
    • Course LevelMaster’s
    • Award: $10,000 USD
    • Number of Awards: Up to three
    • Access Mode: Online
    • Nationality: International
    • The award can be taken in the USA and Canada.
    • Application Deadline: Applications must be received by July 15, 2022, at 11:59 PM EST.

    Eligibility       

    • Eligible Countries: All nationalities.
    • Eligible Course or Subjects: MBA degree programme.
    • Eligibility Criteria: To be eligible, the applicants must meet all the following criteria:
    • Be admitted to, or enrolled in, a full-time MBA degree program at a U.S. or Canadian school that MPOWER supports,
    • Be an international student permitted to study in the U.S. or Canada legally
    • Has a valid visa that permits study in the U.S
    • Has a valid Canadian study permit

    How to Apply

    • How to Apply:  To start the application process, all the students must fill out an online application form.
    • Supporting Documents: The students are required to present the following documents to the university:
    • Transcripts
    • Letter of recommendation
    • Resume
    • Visa
    • Admission Requirements: Applicants must have a bachelor’s degree certificate with outstanding academic achievement.
    • Language Requirement: Students need to demonstrate that they have a good written and spoken English level.

    Benefits

    The MPOWER will provide a $10,000 grand prize scholarship and two $2,000 scholarships for students.

    Apply Now