Check your eligibility for a MPOWER student loan or Refer a Friend who could benefit. Interested in a student loan? MPOWER offers no-cosigner loans to over 350 schools in the U.S. In conclusion, student loans are a flexible funding option for undergraduates and graduates alike! With a little bit of homework, you can figure out if they are the best option for you. Your loan will require monthly payments, so make sure you account for these as well. To set yourself up for future financial success, it’s essential to pace your spending and budget responsibly. While it might feel exciting and overwhelming to receive a loan and have a sudden influx of funds, keep in mind these funds are enabling your long term goals. We advise students to check with their school administrator on how your school approaches student loans. Some programs will cover all student expenses, whereas others only cover tuition, food, and on-campus housing. It’s important to note that each school has a different policy specifying how funds from a student loan can be used. Things like meals, clothing, cell phone plans, campus activity fees, and child care if you have children.
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