MPOWER Financing Named “Best Student Loan for International & DACA Students in 2023” by NerdWallet’s Best-Of Awards

Rhea-AI Summary

NerdWallet, a prominent financial guidance platform, awarded MPOWER Financing as the Best Student Loan Provider for International and DACA Students in their 2023 Best-Of Awards. This recognition stems from a detailed evaluation conducted by over 40 NerdWallet experts who reviewed more than 1,000 financial products. MPOWER's mission-driven approach focuses on providing collateral-free and cosigner-free loans, along with additional support to international students. The award underscores the company's commitment to making education more accessible, as it partners with over 400 universities in the U.S. and Canada.

Positive

• MPOWER recognized as the Best Student Loan Provider for International Students by NerdWallet.
• MPOWER offers collateral-free and cosigner-free loans, enhancing accessibility for students.
• The award highlights MPOWER's mission-driven approach and commitment to the international student community.
• Partnership with over 400 universities in the U.S. and Canada strengthens MPOWER's market position.

Negative

• None.

NerdWallet’s Annual Awards that Help Consumers Make Smart Financial Decisions

Recognizes MPOWER as the Top Student Loan Provider for International Students

WASHINGTON--(BUSINESS WIRE)-- NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs), found in their recent survey that only 30% of Americans know where to find reputable information when they have questions about financial products and topics. In order to better help consumers and small to midsize businesses understand their options when it comes to their finances, they announced the winners of their 2023 Best-Of Awards. MPOWER Financing has been recognized by NerdWallet as the Best Student Loan for International & DACA Students. This year’s awards recognize the best financial products across banking, credit cards, insurance, investing, mortgages, personal loans, student loans, and travel rewards.

The Best-Of Award winners were selected by over 40 knowledgeable NerdWallet subject matter experts (‘Nerds’). The team compared rates and rewards of more than 1,000 products and conducted objective ratings and reviews to help consumers confidently choose the best products for them.

"In our evaluation of financial products, we have identified MPOWER Financing as one of the best in its Student Loans category," said Hanah Cho, vice president of content at NerdWallet. "Consumers can feel confident in their decision, knowing that we have researched and compared student loan products to develop our recommendation."

MPOWER Financing is a mission-driven fintech firm and the leading provider of scholarships and no-cosigner loans to promising students from around the world. As a mission-driven organization, MPOWER is committed to removing barriers to education and offering financially sustainable loans to international students. On top of MPOWER’s collateral-free and cosigner-free loans, students benefit from general immigration guidance, job placement assistance through MPOWER’s Path2Success program. Additionally, students can count on building their credit through on-time payments of their MPOWER Financing loan.

“We are excited and honored to receive this recognition from NerdWallet, which does a phenomenal job of vetting and recommending the best products and services in the financial services industry,” said Manu Smadja, CEO and co-founder of MPOWER Financing. “We are also especially grateful for our talented international students, who we are so very proud to serve and invest in.”

For more information on NerdWallet’s Best-Of Student Loans winners, visit: www.nerdwallet.com/l/awards-student-loans-2023

A complete list of NerdWallet’s 2023 Best-Of Awards winners can be found at: www.nerdwallet.com/awards

About MPOWER Financing

MPOWER Financing, headquartered in Washington, D.C., and with employees worldwide, is a mission-driven fintech company and the leading provider of global education loans.

Its proprietary algorithm analyzes overseas and domestic credit data as well as future earning potential to serve promising international and DACA students. MPOWER works with over 400 top universities across the U.S. and Canada to provide financing to students from over 200 countries.

The MPOWER team consists heavily of former international students and provides students with personal financial education and career support to prepare them for life after school.

MPOWER was named one of the most diverse workplaces, one of the best places to work, and one of American Banker’s top fintech firms to work for five years in a row. The innovative fintech company is hiring for various positions worldwide.

About NerdWallet

NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life's financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to NerdWallet’s expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available for consumers in the U.S., UK and Canada.

"NerdWallet" is a trademark of NerdWallet Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners

Survey Methodology:

This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from November 10-14, 2022 among 2,064 U.S. adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@nerdwallet.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005033/en/

Kelly Ferraro, Kelly@RiverNorthAgency.com

Source: MPOWER Financing

FAQ

What recognition did MPOWER Financing receive from NerdWallet?

MPOWER Financing was awarded the Best Student Loan Provider for International and DACA Students in NerdWallet's 2023 Best-Of Awards.

How does MPOWER Financing support international students?

MPOWER provides collateral-free and cosigner-free loans, as well as immigration guidance and job placement assistance.

What criteria did NerdWallet use to evaluate student loans?

NerdWallet's evaluation involved comparing rates and rewards of over 1,000 products, conducted by more than 40 subject matter experts.

When were the 2023 Best-Of Awards announced?

The 2023 Best-Of Awards were announced in February 2023.

What is the stock symbol for NerdWallet?

NerdWallet is traded under the stock symbol NRDS.