Welcome to November 2023, and if you’re an international student dreaming of studying in the United States or Canada, you’re in luck. MPOWER Financing, a leading provider of international student financial solutions, is back with its monthly MPOWER Scholarship.
This November, they are offering students like you the chance to secure vital funding for your education. In this guide, we’ll go over all the important details about the MPOWER Scholarship for November 2023 and how to apply. So, without further ado, let’s begin!
The MPOWER Scholarship: An Overview
MPOWER Financing offers monthly scholarships for international students pursuing their dreams of higher education in the United States and Canada.
This one-time scholarship provides valuable financial assistance to help cover the costs of studying abroad. It is a fantastic opportunity for those in need of funding.
Each month, MPOWER Financing selects just one lucky international student to receive this scholarship.
What’s especially appealing about the MPOWER Scholarship is that it doesn’t require a co-signer or a U.S. credit history, which can often be a barrier for many international students seeking traditional student loans or financial aid.
On another note, MPOWER Financing is a financial technology company that specializes in providing educational loans and financial solutions to international students studying in the United States and Canada.
Founded in 2014 and headquartered in Washington, D.C., MPOWER Financing aims to address the challenges that international students often face when it comes to financing their education abroad. These include limited access to traditional financial services.
This program awards not one, but three deserving international students with vital financial assistance.
First, the grand prize: the first place winner will receive a substantial $10,000 MPOWER Scholarship. This generous sum can be applied to tuition, fees, or other educational expenses at the school of your choice.
But that’s not all. Two additional lucky winners will each receive a $2,000 scholarship. These scholarships can also go a long way toward easing the financial burden of your education.
So, if you’re an international student dreaming of studying in the U.S. or Canada, check out the other eligibility requirements below to increase your chances of winning!
The MPOWER Scholarship Eligibility Criteria
Here is a breakdown of the eligibility requirements for this scholarship:
- Enrollment in a Supported U.S. or Canadian School: To be eligible, you must either be accepted at or currently enrolled in a full-time degree program t a U.S. or Canadian educational institution that MPOWER supports. This means that the school you’re attending should be part of MPOWER’s partner network.
- Legal Study Status in the U.S. or Canada: If you’re planning to study in the U.S., you must fall into one of the following categories A U.S. permanent resident (green card holder), protected under the Deferred Action for Childhood Arrivals (DACA) program, or have a valid visa that allows you to study in the U.S. If you want to study in Canada, you must be a permanent resident of Canada and have a valid Canadian study permit that allows you to study in the country.
- No Requirement to Be an MPOWER Borrower or Applicant: You do not need to have a prior lending relationship with MPOWER or be a current applicant for their financial services to apply for the scholarship. It’s open to all eligible international students who meet the above criteria.
- Exclusions for U.S. and Canadian Citizens: It’s important to note that this scholarship is specifically designed for international students and DACA recipients. Therefore, if you are a U.S. citizen planning to study in the U.S. or a Canadian citizen looking to study in Canada, you are not eligible for this particular scholarship.
By meeting these eligibility requirements, you can increase your chances of winning.
The MPOWER Scholarship Application
Applying for the MPOWER Scholarship is a simple process, and we’re here to walk you through it. But keep in mind that you can only apply for this scholarship once during the scholarship period. So be sure to make it count.
To get started, here are the steps you need to follow:
- Visit the Scholarship Entry Form: Go to the official MPOWER Financing Scholarship page here.
- Complete the Online Form: You’ll find an online scholarship entry form on the page. This is where you’ll provide the necessary information. The form will ask for the following details:
- Your personal information, including your name and contact information.
- The country where you plan to study.
- Your immigration status, which needs to match the specific criteria for study in the U.S. or Canada.
- Information about your educational background, including the school you’re attending or planning to attend.
- Essay Question: In addition, the scholarship application includes an essay question for that month. Your response to this question should be between 200 and 500 words. This is your chance to shine, so take the time to create a thoughtful and well-written essay. This month’s essay question is: “How did you overcome a challenge to better yourself or your community?” Be sure to provide a compelling and sincere answer that reflects your experiences and aspirations.
- Submit Your Entry: Once you’ve filled out all the required information and written your essay, click the “Submit” button to officially enter the scholarship program.
That’s it! You’ve successfully applied for the MPOWER Scholarship. Remember that you can only submit one application during the scholarship period. So take the time to make your application the best it can be.
The MPOWER Scholarship Deadline
The application deadline for each scholarship cycle is 11:59 p.m. EST on the last day of the month. Be sure to submit your application before this time to be considered for the scholarship.
Once you’ve applied, you can expect to hear the results within approximately 4 weeks of the application deadline. The list of MPOWER Scholarship recipients will be available on the official website.
If you have any further questions about the scholarship or need assistance, feel free to reach out to MPOWER Financing through their contact form. They’re there to help you with any inquiries you may have.
For more information on scholarships and additional opportunities, visit MPOWER Financing’s official website at www.mpowerfinancing.com. Explore their website to discover valuable resources that can help you achieve your educational aspirations.
The MPOWER Scholarship: Frequently Asked Questions (FAQs)
Are there any citizenship restrictions for this scholarship?
Yes, there are citizenship restrictions for the scholarship. MPOWER designs this scholarship specifically for international students and DACA recipients. In other words, U.S. citizens wishing to study in the U.S. and Canada citizens wishing to study in Canada are not eligible for this particular scholarship.
Do I need to have my visa when I apply?
Yes, to be eligible for the scholarship, you need to have a valid visa that permits you to legally study in the U.S. or Canada by the closing date of the scholarship application. It’s important to ensure that your visa status aligns with the specific criteria outlined in the scholarship requirements.
What are the selection criteria?
The selection of scholarship winners is determined primarily by the content and quality of the essay submitted. MPOWER will evaluate applicants based on three main criteria:
- Essay Quality: The essay should display clear and well-structured thinking, express compelling goals and aspirations, and demonstrate excellent communication skills in English.
- Alignment of Field of Study: MPOWER assesses how well the applicant’s intended field of study relates to their personal goals and aspirations. They look for a strong connection between what the applicant wants to study and what they hope to achieve.
- Potential for Impact: Lastly, the scholarship committee considers the applicant’s potential to become a scientist, entrepreneur, leader, or change-maker who can make a positive impact on their community or field of study. Additionally, they want to support individuals who have the potential to effect positive change.
Can I continue to apply for the scholarship if I do not win at a certain time?
Yes, you can continue to apply for the scholarship in subsequent months if you do not win during a particular application period. The scholarship is awarded on a monthly basis.
Therefore, if you are not selected as a winner in one month, you may reapply in subsequent months as long as you meet the eligibility criteria and submit a new application.