MPOWER Financing’s inaugural securitization achieves A ratings

M POWER Financing ("MPOWER"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its first securitization, MPOWER Education Trust 2024-A ("MPOWR 2024A").

- 

The $215.2 million collateral pool is composed of U.S. dollar-denominated, fixed-rate loans made to primarily graduate international students at leading U.S. colleges and universities. It is the first securitization of international student loans by a U.S.-domiciled private student lending platform.

Along with $300+ million of warehouse commitments that MPOWER secured last year from Goldman Sachs, Deutsche Bank and Värde Partners, this securitization enables MPOWER to put more than $500 million towards its rapidly growing portfolio of loans issued to Indian and other international students attending leading colleges and universities across the United States and Canada.