Key highlights

Borrow up to $100,000 for your MBA program
Fixed rates starting at 9.99% (9.99% APR)*
No cosigner required – eligibility based on future potential
Support students at 500+ U.S. universities

*Includes a 0.25% discount for enrolling in automatic payments. Subject to credit approval.

Investing in your business career

An MBA can accelerate your path into leadership roles, but programs are expensive. When federal loans do not cover the full cost, a private MBA student loan can help close the gap.

What makes MPOWER's MBA student loan different?

Flexible loan amounts

Borrow $2,001 to $100,000 for approved education costs.

Competitive fixed interest rate student loans

Fixed rates starting at 9.99% (9.99% APR)* means your rate is inflation-proof and never increases.

Simple application process

Check your eligibility in 30 seconds with no impact to your credit score.

No cosigner required

Eligibility based on future potential; no cosigner required.

*Includes a 0.25% discount for enrolling in automatic payments. Subject to approval.

Eligibility requirements

Enrolled in a Master of Business Administration or business-related master’s program
Attending a U.S. university supported by MPOWER (500+ schools)
Program length up to 30 months (2.5 years)
Includes full time, part time, online and hybrid programs

Why MBA graduate students choose MPOWER Financing

An MPOWER graduate student loan lets you focus on what matters: developing leadership skills, building your professional network and positioning yourself for high-impact business roles.

MPOWER Graduate Success Loan: Trusted by MBA students nationwide

MPOWER Financing has supported more than 25,000 students at 500+ universities since 2014. Our Graduate Success Loan is specifically designed for financially independent graduate students pursuing high-earning degrees like MBAs in fields including finance, consulting, marketing, operations and entrepreneurship.

Unlike traditional lenders, MPOWER evaluates your application based on future earning potential, not just credit history. This approach opens doors for MBA students who prefer not to involve family members as cosigners or who are first-generation graduate students.

Learn more about the Graduate Success Loan

How MPOWER's MBA loan compares

Feature	MPOWER Financing	Traditional private lenders
Interest rates	Fixed rates starting at 9.99% (9.99% APR)*	Typically variable rates but sometimes fixed. Starting rates depend on credit, income and cosigner; variable rates start lower with the potential to increase over the life of the loan
Cosigner requirement	No – qualification based on future potential	Often required for best rates
Application process	30-second eligibility check, instant conditional approval	Online applications usually take a few minutes
Origination fees	0% to 5% (risk-based)	Often 0%, but varies by lender and loan product
Prepayment penalty	None – pay off early to reduce total cost	Varies by lender and must be verified individually
Support for part-time, hybrid and online MBA programs	Yes	Varies by lender

Note: Rates and terms as of January 2026. Your rate depends on your credit profile and program details.

*Includes a 0.25% discount for enrolling in automatic payments. Subject to credit approval.

Ready to get funding for your MBA program?

Follow these four steps:

1. Calculate how much you need to borrow

Estimate your funding gap after scholarships, savings and federal loans.

2. Check your eligibility and apply

Complete the 30-second check and apply online.

3. Submit required documents

Add your admission letter and ID, plus any requested items.

4. MPOWER sends funds to your school

MPOWER sends funds to your school first. The remaining approved amount can be sent to you.

Start funding your MBA today: Join thousands of MBA students who have funded their business education with MPOWER. Check your eligibility in 30 seconds.

Check Eligibility

Frequently asked questions about MBA loans

You can borrow from $2,001 up to $100,000 through MPOWER’s Graduate Success Loan. The exact amount depends on your school’s cost of attendance and your financial need after other funding sources.

No. MPOWER offers no-cosigner MBA loans for students enrolled in business programs at 500+ U.S. universities. Your application is reviewed based on your future earning potential in business.

Yes. MPOWER loans can cover tuition, fees, books, housing, food, transportation and other education-related expenses while you’re enrolled in your MBA program.

MPOWER reviews applications with credit scores of 600 or higher. If you’re new to credit (no credit score), you may still qualify based on other factors like your program and future earning potential.

Start funding your MBA today

Join thousands of MBA students who have funded their business education with MPOWER. Check your eligibility in 30 seconds and take the first step toward your business leadership career.

Check Eligibility

What students are saying

MPOWER has been a game-changer in my journey, offering student-friendly loans and awarding me the September Scholarship. Their support boosted my confidence and opened academic opportunities.

Swechha Bhavani Movva
India

Being far from home and pursuing a degree in a new country is both exciting and challenging. One of the biggest hurdles as an international student was finding financial support, but MPOWER made it possible. view moreTheir support played a key role in helping me move forward with my education and future, and I'm incredibly grateful for that. Beyond financial support, their team has been kind, responsive and encouraging throughout the process.view less

Jose Murrugarra
Peru

MPOWER Financing helped me pursue my MSc in petroleum sciences at the University of Alberta. With their support and belief in my dream, I’m living proof that determination makes anything possible.

Eunice Opeyemi Joseph
Nigeria

In 2023, I stumbled upon MPOWER online – little did I know it would lead to my master’s degree and a new chapter as a professional in Canada. The journey had its ups and downs, but I’d choose MPOWER again in a heartbeat. Forever grateful.

Troyjan Agujar
Philippines

DISCLAIMER – 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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