Prodigy Finance is revolutionizing the way borrowers and investors see
student loans through our borderless credit model. Over the past decade, we
have helped thousands of international students gain access to postgraduate
education through our loans.
We assess students on their future earning potential, not just their credit
history, and a community of investors looking to have a social impact that also
offers a financial return backs us.
Apply for your student loan in 30 minutes
Am I eligible for a student loan?
1. Only start repaying 6 months after class ends.
2. No co-signer or collateral required
3. No penalties for early repayment
4. 150 countries eligible
5. Member benefits for our community
6. Scholarships for our borrowers
We’re working hard to make sure we can help as many international students as
possible with education loans for their studies abroad. If you’re looking to pursue your
MBA degree or a postgraduate degree in engineering, business, law or public policy
check below to see if you qualify.
You live in a country, region or state we support
You've been accepted to a school and programme we support
Your school is outside your home country when you apply
5. Public Policy
Discover our student benefits
1. Refer a friend who would benefit from joining the Prodigy Finance community
and you’ll receive a USD $150 Amazon voucher for each of your first two
successful referrals.That means you can earn up to USD $300 by simply
letting your network know about our offerings.
2. Scholarships Every year we award ten scholarships to our students and
this year we’re also introducing an additional scholarship to honour a growing
community of women engineers.
General 'Scholarship' Programme Ten US$10,000 scholarships, in the
form of debt write-offs, to help fund your postgraduate degree.
Women in Tech 'Scholarship'
One US$10,000 scholarship, in the form of a debt write-off, to help fund your
Steps to be considered for our scholarships
Apply for a scholarship
Once you’ve applied for your Prodigy Finance loan and it’s been approved, we’ll send you access to the
application page where you’ll have the opportunity to apply for one of our scholarships.*
Submit your scholarship application
You’ll complete an online form where you’ll answer a few questions and write a motivational paragraph
outlining why you deserve a scholarship.*
Wait for recipients to be announced
Recipients will be selected on 30th April and 30th October 2018, please see the details for each
What you need to know
Who is eligible for a scholarship?
Prodigy Finance borrowers who have reached a ‘loan approved’ status are eligible to
apply for a scholarship. Scholarship applicants must be accepted into a school or
university in the US, UK, Spain or France to be eligible.
How many scholarships are there?
There are 10 scholarships available as part of the Prodigy Finance 'Scholarship'
Programme, valued at US$10,000 each.
There is an 11th scholarship valued at US$10,000 for a female engineer.
What are the judging criteria for the scholarships?
Merit-based criteria: Measured by your GMAT, GRE, LSAT or EA score, whichever is
Need-based criteria: Measured by your declared pre-study salary, and advance rate.
Skills based objective criteria: Provision of correct answers to questions about financial
literacy and loan terms.
Subjective criteria: Your motivational paragraph, reviewed by our panel of judges should
the first three criteria be met successfully. The motivation will need to demonstrate
substantive reasoning for you to receive a scholarship and how the scholarship will
impact on your postgraduate experience.
How can I increase my chances of receiving a scholarship?
A high test score (GMAT, GRE, LSAT or EA, whichever is applicable) will improve your
chances of a successful application. A substantive and well-articulated motivational
paragraph will also benefit your application. Only one application per borrower will be
accepted and will be eligible for entry for both announcement dates.
When are the recipients notified?
5 recipients will be chosen on 30 April 2018, and 5 recipients will be chosen on 30
October, 2018. The Women in Tech scholarship recipient will also be chosen on 30
The recipients will be notified within 14 days after the assessment dates on 30 April and
30 October 2018.
When is the deadline to apply?
Applications will close on 26 October 2018. If you applied before April, but didn’t receive
one of the scholarships on 30 April, you do not need to apply again to be considered for
the scholarships announced in October.
When and how do the recipients receive the scholarship funds?
Once the recipients have been notified, documentation will need to be completed
confirming official acceptance of the scholarship. Once we’ve received the
documentation, the recipient’s Prodigy Finance loan account will be credited with
US$10,000 within 30 days.
What is the Women in Tech Scholarship?
The Women in Tech Scholarship is an 11th US$10,000 scholarship that will be awarded
to a female engineering student, evaluated according to the same criteria as the Prodigy
Finance 'Scholarship' Programme (see details above).
How do I apply for the Women in Tech Scholarship?
If you are a female borrower, admitted for an engineering programme you'll
automatically be considered for both scholarships, but cannot receive both scholarships.
There are no additional entry requirements over and above the entry process for the
Prodigy Finance 'Scholarship' Programme.