Is Prodigy Finance legitimate?

Is Prodigy Finance trustworthy? Yes, prodigy finance is trustworthy. It has helped many Indian students who are looking to study abroad. But, we always recommend Indian banks over international lenders like Prodigy finance as what looks better on the surface may be different when we look beneath the surface.

How long does Prodigy Finance take to process?

How long does it take for my funds to reach my school? Once you have signed your loan agreement and Prodigy Finance has released your funds, it takes between 3 to 5 business days for the funds to arrive in your school’s account.

Is Prodigy Finance simple interest?

Prodigy Finance education loans have simple interest while the student is studying. The student loan APR from lenders who use compound interest would be ~10bps (0.10\%) higher.

Does Prodigy Finance cover living expenses in Canada?

Does Prodigy Finance cover living expenses? Prodigy Finance covers up to 100\% cost of attendance, depending on your course and school.

Does Prodigy finance give loan for UK?

Prodigy Finance loans are available to students from roughly 150 countries. Students from the UK can also apply for loans for study in the UK. Acceptance is, of course, necessary to complete the process and receive a loan.

Can I refinance my Prodigy loan?

Prodigy offers student loan refinancing for those who aren’t U.S. citizens but work in the U.S. Borrowers can refinance through Prodigy without collateral or a co-signer. Prodigy is limited to only certain states and certain programs for eligibility.

What is Prodigy Finance and how does it work?

Prodigy Finance is a student loan company designed for students who want to further their education abroad. Founded in 2007, the company has helped more than 20,000 students get more than $1 billion for their master’s degrees without requiring cosigners or collateral.

Is Prodigy Finance right for international students?

Prodigy Finance lends to students seeking graduate level education abroad and requires no collateral, cosigners, or guarantors. While it’s not the right choice for the majority of college students, Prodigy fills a critical need for many international student borrowers.

What are the requirements to get a prodigy loan?

Students must be seeking a master’s degree in a business, engineering, law, public policy, or medical program from one of the over 800 schools Prodigy supports. Students must be studying at a school outside their country of residence. Prodigy lends in 120 countries but only in select states and regions within the U.S. and Canada.

Are there any application or prepayment penalties on Prodigy Finance student loans?

There are no application or prepayment penalties on any Prodigy Finance student loan. Full-time students aren’t required to start making payments until 6 months after the end of their program. Part-time students will need to start making payments 3 months after their loan is disbursed.