MPOWER Financing Secures $100.5 Million in Student Loan Securitisation
MPOWER Financing has announced the completion of a $100.5 million student loan securitisation with a private buyer. This move is part of their strategy to scale international graduate student loans, primarily for STEM and business programs, across top US and Canadian universities.
- Country:
- India
MPOWER Financing recently announced the successful completion of a $100.5 million student loan securitisation to a private buyer. This strategic financial move underscores the company's dedication to expanding support for international graduate students, particularly in STEM and business fields.
The transaction involves a pool of US dollar-denominated, fixed-rate loans, extended to students attending premier US and Canadian universities. This includes both new loans and international refinance loans. CFO Jatin Rajput highlighted that this securitisation follows a May 2025 deal of $313.2 million in international student loans, rated 'A' by agencies DBRS and KBRA.
MPOWER's ongoing capital market endeavors have resulted in over $600 million in securitised assets, which significantly contribute to the company's ability to sustain its growing portfolio. Co-founder and CEO Manu Smadja emphasized that 93% of student borrowers found their loans crucial for completing their education. The company operates globally, with headquarters in Washington and Bengaluru.
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