Since its inception, MPOWER Financing, a fintech organisation has endeavoured on the path of providing financial assistance to female international students (who are currently studying in the U.S./Canada) and DACA (Deferred Action for Childhood Arrivals) students who lack the requisite funds to pursue their higher education in the STEM fields. Scholarships (Approx USD 6,000/ INR 5 lakh) under this revered firm are awarded to meritorious and deserving candidates who showcase remarkable academic prowess and calibre in the fields of science.
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What is the MPOWER Women in STEM Programme?
MPOWER Financing is a fintech organisation that predominantly aims at providing financial assistance to women who are international students (who are currently studying in the U.S./Canada) and DACA (Deferred Action for Childhood Arrivals) students since its conception. Scholarships (Approx USD 6,000/ INR 5 lakh) under this revered firm are awarded to meritorious and deserving candidates who showcase remarkable academic prowess and calibre in the fields of science.
In other words, the MPOWER Women in STEM scholarship programme can open up an enormous window of lucrative work opportunities for women without consolidated financial backing. As a result, by applying for the scholarship scheme, women who had given up on their dreams of working in professional fields of science can now pursue them without financial constraints. Not only that, but participation in the programme can be a stepping stone for many aspirants who want to pursue careers in science.
Women currently pursuing a full-time STEM Degree Program, or are going to pursue the same can apply for this annual scholarship programme. It must be kept in mind that the scholarship is solely provided by MPOWER-affiliated institutes. Other than that, one can expect to receive the said scholarship from institutes in the U.S. and Canada.
Importance of MPOWER STEM Degree Programmes
Short for Science, Technology, Engineering, and Mathematics, STEM Programmes are notable for encompassing all of the specialisations within these fields, making STEM graduates valuable across a multitude of industries. Candidates prospecting to opt for such programmes from Mpower-affiliated bodies can expect to earn a Bachelor’s, Master’s, or PhD degree in biology, chemistry, physics, geology, physical sciences, agricultural science, computer science, data science, engineering, or applied or theoretical mathematics upon completion of the degree programme.
Despite the fact that certain branches, such as medical and nursing programmes, are not currently available at MPOWER-affiliated institutes, pursuing a STEM Degree programme from them can undoubtedly help innumerable women from financially underprivileged backgrounds sculpt a remunerative and flourishing career path for themselves in the aforementioned fields.
MPOWER Women in STEM Scholarship Eligibility Criteria
The paramount purpose of examining bodies mandating stipulated qualifying criteria for an examination is to ascertain the candidates’ academic prowess and cognitive abilities. Like any other programme, the MPOWER Women in STEM Scholarship Programme possesses its own set of standardised eligibility criteria that candidates must satisfy in order to be deemed eligible.
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MPOWER provides financial assistance to women without a consolidated financial background by offering lucrative scholarships. Specifically aimed at empowering women in STEM to realise their innate potential and pave the way for others to follow in their footsteps, the body’s selection process is very rigorous and pernickety. To be eligible for the aforementioned scholarships, applicants must meet the following requirements:
- Education- Applicant must be enrolled in a full-time degree programme at an MPOWER Foundation-affiliated institute in the United States or Canada.
- Authorisation- If an applicant hails from a foreign country (other than the United States or Canada), he or she must have legal authorisation to study in the United States or Canada.
- VISA- International students foreseeing themselves studying in the U.S. must be holding a valid visa to allow them to study in the U.S. and must be safeguarded under the Deferred Action for Childhood Arrivals (DACA). It is imperative for international applicants to be Green Card Holders (Proof of permanent residency in the U.S.) to pursue the mentioned scholarship in the U.S.
- Conditions To Apply For the Scholarship– It is a mandate for individuals who opt to study in Canada to have permanent residency in the said nation, i.e., He/she must be having a valid Canadian study permit.
Since its inception, the firm has worked to empower women from across international boundaries (who have little financial support) and DACA applicants; however, those who are already residents of the United States or Canada are not considered eligible for the aforementioned programme.
- Age- The minimum age to apply for the programme is 18 years. Women are only eligible to apply.
MPOWER Women in STEM Selection Process
Prospective candidates who wish to apply for the MPOWER Women in STEM programme will have to keep certain pointers in mind to get awarded the lucrative scholarships provided by the body (MPOWER). For instance, one must make sure that their written essays are up to the mark and are of decent demonstrable quality. The essays must encapsulate the candidate’s thought process, aspirations, what he/she envisions for the future and proficiency in the English Language.
Students will be specifically evaluated, assessed and scrutinised for their writing skills. Other than that, candidates who wish to apply for the said programme must procure their relevant and original academic records, or if any professional experience.
The body is selective regarding whom to award their reputable scholarships. Authorities of the MPOWER ensure that applicants are well deserving, laudable, diligent, and dedicated. Applicants are evaluated explicitly on their capacity to efficaciously incorporate their STEM Degrees to add value to their respective fields, thus also contributing to society as a whole.
Background checks on candidates entail cross-referencing the applicant’s track record. Once the verification procedure is completed, the officials unveil their decisions regarding whether the candidate is meritorious and deserving of serving as a potential role model for women and girls in STEM fields.
How to Receive the MPOWER Scholarship Funds?
Once candidates have been shortlisted for MPOWER’s Scholarship Programme, the authorities will commence the background verification process, which includes cross-referencing their eligibility. After the validation is deemed successful and no discrepancies are discovered, the candidates will be issued a Release.
Regarding the release and receipt of the selected candidates, the authorities will pay the appropriate reimbursements to the respective institutes. It should be noted that if a shortlisted candidate’s verification procedure fails or he/she disputes the execution of the ‘Release’, the individual’s scholarship will be revoked, and he/she will be marked ineligible for future programmes.
FAQs
Candidates who wish to apply for the MPOWER Women in STEM Programme can do so on the firm’s official website. Applicants will get all the official updates here.
Selected candidates for the MPOWER Women in STEM Programme can expect to receive fixed-rate loans ranging from $2,001 USD (INR 17,0000) to $100,000 USD ( INR 83,00,000 ) with up to 0.25% in interest rate discounts.
To be eligible for the aforementioned scholarships, applicants must meet the following requirements:
(1) Applicant must be enrolled in a full-time degree programme at an MPOWER Foundation-affiliated institute in the United States or Canada.
(2) If an applicant hails from a foreign country (other than the United States or Canada), he or she must have legal authorisation to study in the United States or Canada.
(3) International students foreseeing themselves studying in the U.S. must be holding a valid visa to allow them to study in the U.S. and must be safeguarded under the Deferred Action for Childhood Arrivals (DACA).
The MPOWER Women in STEM Programme (2023) can open up an enormous window of lucrative work opportunities in STEM fields for women who do not have consolidated financial backing. Thanks to the scholarships provided by MPOWER, women who forsook their dreams of working in the professional scientific and academic fields of biology, chemistry, physics, geology, physical sciences, agricultural science, computer science, data science and engineering can finally pursue them without any financial hindrance. Partaking in the said program can be a stepping stone for numerous aspirants who wish to carve their careers in the said fields.
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