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Undocumented Students

Senator Jose Peralta New York State DREAM Act

The Senator Jose Peralta New York State DREAM Act gives undocumented and other students access to New York State administered grants and scholarships (ie: Excelsior Scholarship, Tuition Assistance Program) that were not previously available to them, which help support their higher education costs. For more information and to  begin your application, please visit the HESC website

MPOWER Private Loan

MPOWER NoCosigner

Tel:  202-417-3800

Fax: 202-417-3800

Minimum Enrollment Requirements None  
6+ Credits ✅  YES
Matriculation Requirements Non-Matric Eligible  
Citizen Requirement US citizen or permanent resident  
International student studying in the U.S. with a credit worthy U.S. citizen or permanent resident cosigner  
No co-signer required (student must be within 2 years of graduation) ✅  YES
Satisfactory Academic Progress Required ✅  YES
Prior Balance If student is no longer enrolled, they must apply within 30 days of the loan period end date.  
Immediate prior semester ✅  YES
Fewer than 365 days from enrollment end date to the first disbursement of the loan  
Other Up to 360 days from date of application
Interest Rate (Undergrad) Variable ( APR ) *10 year repayment plan N/A
Fixed (APR) *10 year repayment plan 9.99%-13.99%
Interest Rate (Grad) Variable ( APR ) *10 year repayment plan  
Fixed (APR) *10 year repayment plan 7.99%-13.99%
In School Deferment  
Origination Fee 5%
Co-Signer Release No Co-Signer Required
Borrower Benefits Automatic Payment Discount 0.50%
Quarterly FICO Score  
On-Time Payments Reward 0.50% after 6 mo. Consecutive time payments
Cash Rewards for good grades  
Loan Forgiveness  
Other 0.50% for proof of graduation and employment
 Min. Amount $1,800
 How to Apply Apply
 Disclosure  MPOWER Disclosure
 Medical Loans Available, **SAP=Satisfactory Academic Progress ***IRR = Interest Rate Reduction Borrower benefits are subject to change solely at the discretion of the lender.