Dhaka, Bangladesh, April 9, 2024–(BUSINESS WIRE)–Prodigy Finance is pleased to announce the addition of new markets to its list of supported regions. Prodigy-supported regional students pursuing a graduate diploma or master's degree at an international university can access unsecured, cosign-free loans through these services.
This effort to expand student loan services follows Prodigy Finance's recent securement of $350 million in funding to expand into new markets, providing support to all high-achieving students, regardless of their financial limitations. The school focuses on providing equal opportunities for high-quality education to students of all ages. Already supporting applicants from over 150 countries, Prodigy's participation of even more countries will help us achieve our goal of providing talented students with equal access to quality education. It shows important movements.
Neha Sethi, Chief Financial Officer, Prodigy Finance, said: “We understand the immense value of international education and the transformative power it has. By removing financial barriers, we are empowering ambitious students to pursue their studies at the world's best universities. We aim to enable them to pursue their dreams.”
The demand for international education is clearly growing, with significant numbers of students choosing to pursue graduate studies abroad each year. The ability to provide international study loans to students in emerging regions allows Prodigy Finance to significantly increase the number of students it supports.
Securing funding for education abroad is a major hurdle for many students. This is especially true for emerging countries. In emerging economies, many families lack the income or collateral to support their educational aspirations. Prodigy Finance removes these obstacles by offering a unique credit scoring model. Best of all, these loans do not require collateral, cosigners or guarantors, and the interest rates are competitive in the market.
The scheme allows students to pursue master's degrees and postgraduate diplomas in a variety of academic fields, including engineering, medicine, business and other specialties, with full or partial financing.
Additionally, in 2024, Prodigy Finance will offer a scholarship program specifically designed for overseas graduate students. The company plans to award five scholarships worth $5,000 each to outstanding students studying during the 2024-2025 academic period. For scholarship details and eligibility, please visit https://prodigyfinance.com/scholarships/.
Students may complete and submit their applications between April 1 and April 30, 2024. Applicants must submit a compelling application detailing why they are eligible for the scholarship and how these funds will help them complete their degree. The winner will be announced on May 17, 2024.
Prodigy Finance's education loans and scholarship programs provide much-needed financial support to international students, enabling them to pursue higher education and expand their professional careers.
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Prodigy Finance Ltd is authorized and regulated by the Financial Conduct Authority in the UK. Prodigy Finance loans are available to qualified borrowers, and these loans are Governed by English law.
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Loan offers are subject to our eligibility, funding and credit evaluation criteria.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240405385164/ja/
contact address
Media contact:
Deeya Pathaw, Prodigy Finance, deeya.pathaw@prodigyfinance.com
Shavani Naidoo, Prodigy Finance, savani.naidoo@prodigyfinance.com
