In honour of International Women’s Day, MPOWER Financing, a mission-driven fintech firm and the provider of no-cosigner education loans for international students, is launching a new initiative to empower more women to pursue their education abroad, according to an official release.
The initiative aims to support women in their academic and professional journeys by offering financial resources and mentorship opportunities with industry leaders.
The company claims that its latest programme will provide tailored financial aid solutions, including enhanced scholarships and exclusive career development resources. This effort underscores MPOWER’s commitment to fostering gender equality and equipping women with the tools they need to thrive in a competitive global landscape, the release mentioned.
“At MPOWER, we believe financial barriers should never hinder a woman’s ambition. This initiative not only expands access to education but also cultivates a support system to help women excel in their chosen fields,” Pari Lennartz, Executive Vice President, Engineering, MPOWER Financing, said.
Furthermore, MPOWER Financing claims to have played a pivotal role in increasing women’s access to education, with 68% of its female students pursuing STEM degrees. The company has made significant strides in bridging gender gaps in traditionally male-dominated fields, with 40% of its computer science majors being female—double the US national average of 19%, as per the release.
MPOWER’s women-focused initiative will provide:
Flexible Funding Options: No-cosigner loans ranging from US$2,001 to US$100,000, covering up to 100% of education expenses in the U.S., including tuition, room, and board, ensuring more women can access top-tier universities.
Special Scholarships for Women: Dedicated scholarships to recognize and reward female students demonstrating exceptional academic potential and leadership.
Mentorship & Career Guidance: Access to industry leaders, networking opportunities, insider career tips, and skill-building programs to support career growth.
Beyond funding, MPOWER continues to invest in the Women in STEM Scholarship and provides additional benefits such as visa support and career guidance, enabling more women to excel in global education and professional spaces, it added.
This initiative builds on MPOWER’s long-standing mission to democratize access to higher education and aligns with its broader efforts to promote diversity and inclusion. By investing in women’s education, MPOWER is driving meaningful change and economic empowerment for individuals and communities worldwide.