MPOWER Financing, the leading provider of no-cosigner loans and scholarships to high-potential students from India and around the world, has released its fourth annual Social Impact Report. The report highlights how international education transforms lives and communities, with a special focus on the positive contributions of Indian students and the role of education financing in empowering them to succeed.
Drawing on data from nearly 20,000 students across 182 countries, including significant representation from India, the report showcases how MPOWER’s financing model generates far-reaching benefits for students, their home countries (ie. India), and the global community.
Financing international education has long been a challenge for Indian students, with traditional loans often requiring cosigners, collateral, or high interest rates. MPOWER addresses these challenges with its unique lending model based on students’ future earning potential, rather than their parents’ financial standing. This approach has been pivotal, with 92% of MPOWER students reporting that the firm’s loans were essential to their ability to study abroad MPOWER goes beyond financial support with its free Path2Success program for approved students, which provides exclusive career and immigration guidance to help students thrive during their studies and after graduation.
In 2024, MPOWER saw a stunning fivefold year-over-year rise in applications for students to study artificial intelligence and machine learning. 70% of MPOWER students pursue engineering, computer science or technology fields: all in-demand professions in the global economy.