Our scholarships are just one way that we support our community of borrowers.
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.
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 scholarship below.
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?
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 October, 2018.
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.
MS in Intelligent Information Systems at CMU School of Computer Science
"I want to be an entrepreneur, and the scholarship will help me in terms of achieving economic stability earlier, fast-tracking my dream."
MS in Electrical and Computer Engineering at Georgia Tech College of Engineering
“This scholarship will greatly alleviate some of my financial burden at home, and allow me to spend more time developing professional pursuits and provide for my family where I am the first generation college student.”
MBA at Chicago Booth
"I aim to help founders navigate business challenges, hence allowing them to focus on delivering value through their products… the scholarship will allow me to take more risks in my career… as well as make the impact sooner."
MS in Business Analytics at The University of Texas, Austin McCombs School of Business
"I am sure that I will make the best use of this support from Prodigy and pay it forward."
MBA at Wharton
"The scholarship allows me to participate freely in everything Wharton has to offer- from travel opportunities to stretch experiences."
Investing - Risk Policy
Investment is restricted to high net worth and sophisticated investors who can demonstrate that they have sufficient knowledge and experience to understand the risks of investing. Risks include the potential loss of capital and limited liquidity. Capital at risk. Investments are long term and it may not be possible to sell your investment prior to maturity. See our full Risk Warning and Terms and Conditions.
© Prodigy Finance Limited 2007 - 2018. All Rights Reserved. Prodigy Finance Limited is incorporated in the United Kingdom (Company Number 05912562) with its registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance is authorised and regulated by the Financial Conduct Authority (firm registration number 709641) for certain consumer credit activities and for investment activities for investors who have agreed to its terms. Prodigy Finance loans are offered to eligible borrowers who are studying outside of their country of residence and the loans are governed by English law.
Prodigy Services Limited is incorporated in the United Kingdom (Company Number 10201413) with its registered address at Palladium House 1-4 Argyll Street, London, W1F 7LD. Prodigy Services is an appointed representative of BriceAmery Capital Limited which is authorised and regulated by the Financial Conduct Authority. Prodigy Services Limited promotes offers of securities for third party issuers to eligible investors.