MPOWER FINANCING, PUBLIC BENEFIT CORPORATION MPOWER Financing announced that it has launched astrategic partnership with Sallie Mae. Together, the companies will expand global access to higher education, particularly to international students. The partnership builds on MPOWER's recently announced $30 million investment from Tilden Park Capital Management and Education Testing Services (ETS), the non-profit administrator of the TOEFL English-language proficiency test and GRE graduate admissions examination.
Sallie Mae is the leader in U.S. private student lending and currently provides credit-based private student loan products to international and DACA students who apply with an eligible U.S. citizen or permanent resident co-signer. When a co-signer is unavailable, MPOWER leverages its proprietary data and technology to underwrite high-promise international students across 350 top universities and colleges in the U.S. and Canada.
