We have wonderful news if you or someone you know has applied to study for a Master's or MBA degree in the US or Canada and needs money to pay for your tuition, housing, and other costs.
The Three Options for Paying for Your Schooling
Main three methods are often available when it comes to funding your education:
1. Grants and scholarships: These are financial aid offered by schools or organizations that pay for all or a portion of your education without requiring return. Fully financed scholarships are scarce and extremely competitive, nevertheless.
2. Loans: In order of this case, a financial institution extends an offer to you to pay for all or a portion of your educational costs. You commit to paying back the loan over a predetermined length of time, plus interest. With student loans, you can invest in your future, find a well-paying job once you graduate, and pay back your debt over time.
3. Self-funding: All of your educational costs must be paid for by you or your family. But for most students, the cost of studying abroad—which includes living expenses, books, travel, and tuition—can be unaffordable.
The Issue Behind Traditional Student Loans:
Although loans can be a desirable alternative for many students, most African students are unable to obtain them due to a major obstacle: the need for collateral or a cosigner with a decent credit history. Since many students do not have access to these prerequisites, this poses a significant obstacle.
The Solution: Hassle-free international student loans.
African students can now obtain international student loans without the usual fuss thanks to the collaboration between After School Africa and MPOWER Financing. One of the top US-based companies for funding overseas studies, MPOWER Financing, lends money to students based on their potential rather than their credit or collateral.
The Operation of MPOWER Financing
Fixed-rate loans from $2,001 to $100,000 are available from MPOWER Financing to pay for living expenses, tuition, and other costs. The best thing is that you may apply for these loans without a credit background, collateral, or a cosigner. MPOWER Financing makes education more accessible by taking into account your potential and granting loans based on it.