MPOWER Funding Offers $500,000 in Scholarships for Refugee and International Students
WASHINGTON–(BUSINESS WIRE)–MPOWER fundingthe #1 student loan provider to promising students around the world, announced today that it is offering a series of scholarships to support refugees and international students pursuing higher education in the United States and Canada.
With the addition of the MPOWER Refugee Scholarship – a new scholarship that supports refugees, asylum seekers, and other students fleeing harsh conditions around the world – the Total Scholarship Commitment of five years of MPOWER combined with that of the donors exceeded $500,000. The scholarships will be administered through the Global Citizens Fund of MPOWER, the non-profit arm of MPOWER.
“Recent events in Afghanistan and Ukraine have prompted our company to do more for bright minds facing tragic conditions in their home countries. We believe that education is the cornerstone of understanding and compassion, and we hope this scholarship will help invest in the future of these students,” said Manu Smadja, CEO and Co-Founder of MPOWER Financing.
The MPOWER Refugee Scholarship is made possible by a generous donation from Tytus Michalski, Managing Partner at Fresco Capital, who was once a refugee himself and is now an active student mentor.
“Students can only benefit from education if they have the necessary access and resources,” Michalski said. “I was one of those fortunate enough to experience this transformation of access and support after moving to Canada from Poland in the early 1980s. Helping vulnerable students overcome challenges is also about helping yourself, because we all benefit from their future success.
To be eligible for the MPOWER Refugee Scholarship, students must be a refugee or asylum seeker (or seeking such status) from any country in the world, or have Temporary Protected Status (TPS), or be a beneficiary of a deferred forced departure (DED) status. The scholarship is open to students pursuing a degree in any of the more than 400 establishments MPOWER supports in USA and Canada.
Students who meet the criteria are invited to apply on MPOWER website. The site also provides additional information regarding other scholarships for women in STEM, MBA students and international students, DACA and refugees more broadly.
About MPOWER Funding
MPOWER fundingheadquartered in Washington, D.C., and with employees worldwide, is a mission-driven and main supplier global loans for education. It is the only student lender in the world that uses a proprietary algorithm to analyze overseas and domestic credit data as well as future earning potential to serve promising international and DACA students. MPOWER works with over 400 top universities in the United States and Canada to provide funding for students from over 200 countries. The MPOWER team is made up largely of former international students and provides students with personal financial education and professional support to prepare for life after school.
MPOWER has been named one of best places work, one of best tech workplaces for diversityand one of American bankerit is best fintech companies to work for five years in a row. MPOWER is backed by Tilden Park Capital Management, King Street Capital Management, ETS Strategic Capital, Drakes Landing Associates, Pennington Alternative Income Management, Zephyr Peacock, Breega, Potencia Ventures, Goal Solutions, Gray Matters Capital, Cometa, AI8, DreamIt, 1776, Village Capital, Fresco, K Street and University Ventures.
Global Citizens Fund, a 501(c)3 organization, is the nonprofit arm of MPOWER Funding whose mission is to extend the reach and impact of scholarships, grants, and other activities that support international students in the United States. United.