To qualify for the Buddy4Study - Prodigy Finance Education Loan Program , applicants must meet the following criteria:

• Must have acceptance into a Prodigy Finance-supported school and program . Applying for a quote is possible before acceptance, but proof of admission is needed to finalize the loan.
• Must be planning to pursue studies abroad.
• Must be a resident of a country supported by Prodigy Finance. ( See the list of unsupported countries )

Important Notes:

• If the above criteria are satisfied, applicants can quickly apply online for an immediate quote, detailing the loan amount, interest rate, term, and fees.
• For US schools: Funding is available to students living in the US, US citizens, and international students outside the US.
• For UK schools: Funding is available to UK residents, citizens, and international students outside the UK.
• For French schools: Funding is unavailable to students living in France planning to study at a French university.
• For other schools: Funding is available to students who have not lived or worked in their study country for more than 90 days before starting their studies, excluding France but including Canadian provinces and territories.
• Students in US states like Rhode Island and Vermont may not be eligible.

The Buddy4Study - Prodigy Finance Education Loan Program provides loans with amounts tailored to the applicant's loan application details. Loan amounts start from $10,001, with an average loan of $36,000 per academic period. The maximum loan amount is determined by the school's cost of attendance.

In some instances, Prodigy Finance may fund the entire program in one application, while in others, separate applications may be needed for each academic period. For example, a student might borrow $45,000 for the fall semester and an additional $15,000 for the spring semester.

Note: Prodigy Finance uses simple interest, which does not compound. A processing fee of up to $100 is charged to reserve funds, and an administrative fee of up to 5% of the loan amount is applied to finalize the loan, covering operational costs.

Fee Structure:

• A processing fee of up to $100 is required when funds are allocated to the loan application.
• An administrative fee of up to 5% of the total loan amount is added to the loan and spread across monthly payments.

Note: Simple interest accrues during the grace period but is not added to the balance until the first repayment date.

To finalize the Prodigy Finance application, the following documents are needed to verify identity, address, school admission, and credit history:

• Identity Verification: A clear, color scan of the passport identification page and a selfie matching the passport photo.
• Proof of Address: A document showing the applicant's full name and residential address, dated within the last three months, matching the application address.
• School Admission Confirmation: A letter, I-20, or email from the school confirming acceptance, including the applicant's name, school, course details, and admission status.
• Credit Report: A credit report from a credit reference agency in the applicant's country. If no credit history exists, a "No hit" or "No data" report can be submitted.

Note: Applicants should review this article for guidance on uploading their credit report.

• Click the ‘Apply Now’ button below.
• Log in to Buddy4Study with your registered ID to access the application form.
  • If not registered, sign up on Buddy4Study using your email/mobile number/Gmail account.
• You will be directed to the ‘Buddy4Study - Prodigy Finance Education Loan Program’ application form.
• Click ‘Start Application’ to begin.
• Complete the online application form with the required details.
• Upload the necessary documents.
• Accept the ‘Terms and Conditions’ and click ‘Preview’.
• If all details are correct, click ‘Submit’ to complete the application process.

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Application start date: April 18, 2024

Application deadline: July 31, 2025