MPOWER graduate student loan blog
Find guidance on funding your master's or doctoral degree. Explore federal loan limits, no-cosigner private loan options and strategies to reduce your overall cost of borrowing.
Explore our latest graduate student loan blogs for funding tips and tricks for students and families:
Understanding graduate student loan options
Federal Direct Unsubsidized Loans provide up to $20,500 per year for graduate students in master’s programs, but that often doesn’t cover your full cost of attendance. Private graduate student loans can bridge the overall funding gap when attending school, i.e., covering costs for tuition, fees and living expenses. Learn how federal and private loans compare, what interest rates to expect and whether you’ll need a cosigner.
No-cosigner loans for financially independent students
You don’t need to rely on family members to fund your postgraduate education. MPOWER Financing offers no-cosigner loans for graduate students in STEM, business and health professional programs at 500+ colleges and universities. Your application is reviewed based on your future earning potential, not your parents’ credit or savings.
Frequently asked questions about graduate student loans
Not always. MPOWER Financing offers no-cosigner loans for postgraduate students in STEM, business and medicine programs. Your application is reviewed based on future earning potential, not your parents’ credit or savings.
Federal Direct Unsubsidized Loans have fixed interest rates set by Congress and offer income-driven repayment plans. Private loans can fill the funding gap when students reach their $20,500 annual federal limit.
In the U.S., private graduate student loans can cover tuition, fees and living expenses like housing, food and transportation.
Interest rates vary by lender and your credit profile. MPOWER offers fixed rates starting at 9.99% (9.99% APR)* for qualified borrowers, with no prepayment penalties.
MPOWER specifically supports postgraduate students in high-ROI fields like STEM, business and medicine at 500+ universities.
*Includes a 0.25% discount for enrolling in automatic payments, subject to credit approval.
Ready to fund your graduate degree?
Check your eligibility for a no-cosigner graduate student loan in 30 seconds. MPOWER supports financially independent students pursuing master’s and doctoral degrees in STEM, business and health professions.
DISCLAIMER – All terms and conditions are subject to change at any time. Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.
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