About Scholarship
MPower Financing provides no-cosigner loans to students coming from the USA. MPOWER was founded by two INSEAD alumni and offers loans based on career potential. INSEAD does not charge any fee or obtain any fee or compensation-in-kind from MPower.
Eligibility:
• Must be admitted to a full-time or part-time programme starting in Fontainebleau
• Open to DACA and U.S. students (no cosigner or collateral required)
Key Features:
• Fixed interest rates between 9.99% – 16.99% (no variable rate risk)
• No application or prepayment fees
• No cosigner required
• Up to USD 100,000 in total borrowing across graduate programmes
Fees:
• No hidden fees
• Origination fee between 5-8.5%
Repayment:
• Interest-Only While in School: Students pay interest while enrolled
• Grace Period: Payments start six months after graduation
• Full Repayment: Standard principal and interest payments after the grace period
