If you (or someone you know) have applied to study for a Master’s or MBA degree in the US and Canada and need funds to cover your tuition, accommodation, and other expenses, we have great news for you.
The Three Ways to Fund Your Education
When it comes to financing your education, there are generally three primary options:
- Self-funding: You or your family are responsible for covering all your study expenses. However, the cost of international education can be prohibitive for most students, including tuition fees, accommodation, travel, books, and living expenses.
- Scholarships/Grants: These are funds provided by organizations or institutions that cover part or the entire cost of your study without the need for repayment. However, fully funded scholarships are limited and highly competitive.
- Loans: This is where a finance company offers you a loan to cover part or most of your study expenses. You agree to repay the loan with interest over a specified period of time. Student loans provide an opportunity for you to invest in your future, secure a high-paying job after graduation, and gradually repay your debt.
The Problem with Traditional Student Loans
While loans can be a viable option for many students, there is a significant hurdle that prevents access to loans for most African students: the requirement of collateral or a cosigner with a good credit history. This creates a major roadblock, as many students may not have access to these requirements.
The Solution: International Student Loans without Hassle
Now, with the partnership between After School Africa and MPOWER Financing, African students have a way to access international student loans without the traditional hassle. MPOWER Financing is a leading US-based international study financing organization that provides loans to students based on their potential, not collateral or credit history.
How MPOWER Financing Works
MPOWER Financing offers fixed-rate loans ranging from $2,001 to $100,000 to cover tuition fees, accommodation, living expenses, and more. The best part is that you don’t need collateral, a cosigner, or a credit history to apply for these loans. MPOWER Financing considers your potential and offers loans based on that, making education accessible to more students.
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