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Student lender MPOWER secures $150m loan facility from Goldman Sachs

The new facility will sit alongside a previous financing facility that the company set up with Deutsche Bank’s New York branch in 2022.

Headquartered in Washington DC, MPOWER Financing’s proprietary lending algorithm analyses overseas and domestic credit data as well as future earning potential to hand out loans to international students. It currently works with over 400 universities in the US and Canada and provides financing to students from over 200 countries.

With the latest facility from Goldman Sachs, the company plans to expand its portfolio of student loans.

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