Is MPOWER a formal institution for studying abroad loans in the United States? MPOWER Financing is headquartered in Washington, DC, USA. It provides students from more than 190 countries with loans to study in the United States and Canada. It is a professional and formal loan institution. The loans they provide range from US$2,000 to US$100,000. There is no penalty for early repayment. They also support a grace period of up to 30 months. During the grace period, you only need to pay interest. After the end, you have a repayment period of up to 10 years. payment period. The American Educational Testing Service ETS is one of the largest investors in MPOWER Financing, and the TOEFL test is organized by ETS.