By participating in the scholarship programme, you agree to be bound by these official rules (these "Official Rules").

The promoter of the Scholarship programme is Prodigy Finance Ltd (incorporated in England with company number 05912562), with its registered address at Palladium House, 1-4 Argyll Street, London, W1F 7LD ("Prodigy Finance").

  1. Prodigy Finance is running a scholarship programme in 2017, whereby it will award ten (10) scholarships in the form of debt write-offs (and, where the amount of the write-off exceeds the borrower’s existing debt, an additional payment) each scholarship cumulatively being worth $10,000, to 10 of its borrowers ("Scholarship") subject to these Official Rules. For the avoidance of doubt, the Scholarship will not involve Prodigy Finance’s payment of tuition or any other costs related to education at a college, university or other academic institution.

  2. The assessment process for scholarships in 2017 shall take place on five assessment dates (each an "Assessment Date"). On each Assessment Date, all borrowers in good standing who have an “open,” active loan with Prodigy Finance, who are 18 years of age or older and legally resident to study in the United Kingdom or the United States for the 2017 or 2018 academic years and have commenced studies, or will be commencing studies, at an academic institution wholly or partly financed by a Prodigy Finance loan ("Candidates") will be automatically entered into the assessment process for a Scholarship. Borrowers with refinanced loans with Prodigy Finance, previous recipients of a Scholarship or borrowers who have commenced repayments of their loans, in accordance with the mandatory repayment terms of their loans agreements, are not eligible for a Scholarship and therefore these loans will not be included in the assessments. The Assessment Dates shall be on or about 30 March, 2017 (the "First Assessment Date"), on or about 30 May, 2017 (the “Second Assessment Date”), on or about 31 July, 2017 (the “Third Assessment Date”), on or about 29 September, 2017 (the “Fourth Assessment Date”), and on or about 30 November, 2017 (the "Fifth Assessment Date"). The Scholarship programme is void where prohibited by law. On each Assessment Date, two candidates will be chosen to receive one of the ten Scholarships.

  3. Employees and agents of Prodigy Finance or any of its subsidiary or affiliated companies and their immediate families and members of their households and anyone otherwise connected with operation or fulfilment of the Scholarship programme are not eligible to be a Candidate for possible receipt of a Scholarship. A maximum of only one Scholarship may be awarded to any Candidate. Prodigy Finance reserves the right to require Candidates to prove that they are eligible in accordance with these Official Rules. If a Candidate is found to be ineligible, Prodigy Finance will not have any obligation to such Candidate and Prodigy Finance reserves the right to award the Scholarship to another Candidate and to require the return of any Scholarship monies already awarded to such ineligible Candidate.

  4. The Scholarship is as stated and is non-exchangeable, cannot be substituted and is non-transferable. There is no cash or other alternative to the Scholarship in whole or in part. By participating in the Scholarship, Candidates agree that the Scholarship is awarded on an "as is" basis, and that neither Prodigy Finance nor any of its subsidiary or affiliated companies, make any representations or warranties of any nature with respect to the Scholarship. A Candidate receiving a Scholarship will be solely responsible for any and all unspecified expenses in conjunction with the acceptance and/or use of same as well as for any taxes on the value of the Scholarship. In addition, Candidate agrees to cooperate fully with the promoter or its designated representatives in conjunction with the reporting of receipt of the Scholarship to all appropriate governmental authorities as per applicable law.

  5. Candidates for a Scholarship will be assessed by Prodigy Finance following the Assessment Date. Selection will be done by scoring each Candidate based on a combination of academic aptitude (measured by GMAT or GRE scores, whichever is applicable), declared salary, advanced rate, minimum loan size, and whether a Scholarship has already been awarded to a Candidate at that academic institution. Prodigy Finance reserves the right to conduct interviews and/or request additional information from Candidates related to their loan. The two highest scoring Candidates (in respect of each of the Assessment Dates), will be selected for a Scholarship, however i) of the two Candidates selected per Assessment Date, one Candidate shall be a studying towards a business degree and the other Candidate shall be studying towards an engineering degree; ii) only one Scholarship will be awarded per academic institution, so if the highest scoring Candidate(s) is/are at an institution where a Scholarship has already been awarded, the next highest scoring Candidate(s) (at another institution) will instead be selected. For the duration of this Scholarship programme, a maximum of five Scholarships may be awarded to Candidates, who ordinarily reside or are domiciled in and/or hold citizenship of the same country; and of these five Scholarships, a maximum of two Scholarships may be awarded to Candidates studying towards business degrees and the other three Scholarships may be awarded to Candidates studying towards engineering degrees.

  6. Candidates selected for a Scholarship will be notified no later than 14 days following the relevant Assessment Date by the email address they provided when signing up for a Prodigy Finance loan. (Those Candidates who were not selected for a Scholarship will not be notified. For the avoidance of doubt, Prodigy Finance’s decision not to select a given Candidate will in no way affect the status of his/her existing loan obligation.) A Candidate who has been notified in this way will only be eligible to receive a Scholarship if they confirm in writing that they accept these Official Rules (and, for Candidates based in the US, if they also sign and return an Affidavit of Eligibility, a Liability Release and a Publicity Release if lawfully requested by Prodigy Finance) and provide any other documents or information that Prodigy Finance may reasonably require to establish the Candidate's eligibility, all within 14 days of receiving the notification email (and, following receipt by Prodigy Finance of these documents and subsequent confirmation by Prodigy Finance of the Candidate's eligibility, the Candidate will be a "Recipient" for the purposes of these Official Rules). If the Candidate does not respond within this time frame or if the Candidate cannot be contacted (for example, a notification email is returned as undeliverable), such Candidate forfeits all rights to Scholarship, Prodigy Finance shall have no liability to such Candidate, and Prodigy Finance reserves the right to select an alternative Recipient for the Scholarship. Recipients of a Scholarship will be offered the opportunity to receive a $10,000 deduction from their outstanding loan balance. The $10,000 deduction will be credited to Recipient’s account within 30 days of verification of their eligibility as a Recipient and full compliance with these Official Rules if the Recipient’s loan has been disbursed. If the Recipient’s loan is not yet disbursed, the $10,000 deduction will be credited to the Recipient’s account within the next calendar month after the loan has been disbursed. If a Recipient's outstanding loan balance is less than $10,000 any excess will be paid to the academic institution to which that Recipient's Prodigy Finance loan relates for payment by the academic institution directly to the Recipient's bank account.

  7. In the event that, for reasons beyond Prodigy Finance’s reasonable control and not related to the recipient, Prodigy Finance is unable to award the Scholarship(s) as described in these Official Rules, Prodigy Finance reserves the right to award the cash value of the Scholarship(s) directly to the selected Recipient(s). In the event of a printing or other error resulting in there being more than two Recipients for any of the Assessment Dates, Prodigy Finance reserves the right at any time to divide the Scholarship monies or the value of the Scholarship monies equally between the Recipients so affected. In no event will more than two Scholarships (valued at a total amount of $20,000) be awarded on each Assessment Date.

  8. The provision of the Scholarship does not imply endorsement by Prodigy Finance of any academic institution nor any other third parties concerned in any way with the Scholarship.

  9. By accepting the Scholarship, Recipients accept that their name and photograph, voice, image, likeness, address (city/state) may be featured in publicity materials relating to the Scholarship programme or Prodigy Finance generally, except where prohibited by law. This includes making their name as a Recipient of a Scholarship available at for a period of 3 months starting on the day they are confirmed as a Recipient. The name and county / US State of Recipients of Scholarships will also be made available to Candidates and the public on request by sending an email to no later than 15 March, 2018.

  10. Prodigy Finance will process Candidates' personal information in order to conduct the Scholarship programme and it will be shared with Prodigy Finance's agents to the extent necessary to conduct the Scholarship programme. Candidates' names and other personal details relating to their assessment for a Scholarship will be collected and stored by Prodigy Finance and held in accordance with the applicable privacy policy in place from time to time (see

  11. Prodigy Finance reserves the right to modify, cancel, terminate or suspend the Scholarship programme in whole or in part, at its sole discretion, if it believes the Scholarship programme is not capable of being conducted as specified within these Official Rules or in the event of a virus, a computer bug or unauthorised human intervention or any other cause that is beyond the reasonable control of Prodigy Finance that could corrupt or affect the administration, security, impartiality or normal course of the Scholarship programme. In such event, Prodigy Finance shall use its reasonable efforts to make the Scholarship(s) available for any of the Assessment Dates in a manner that is fair, appropriate and consistent with these Official Rules as determined by Prodigy Finance in its sole discretion.

  12. Save where it has been negligent, Prodigy Finance will not be responsible for any damage, loss or injury resulting from the Scholarship programme or a Recipient’s acceptance and/or use of a Scholarship, or for technical, hardware or software failures, lost, faulty or unavailable network connections or difficulties of any kind that may limit or prohibit Prodigy Finance’s offering of the Scholarship programme (including but not limited to Prodigy Finance’s attempts to notify Candidates who have been selected to receive a Scholarship). Nothing in these Official Rules shall in any way limit Prodigy Finance's liability for death or personal injury caused by its negligence or for any other matter where liability may not as a matter of law be limited.

  13. Any Candidate who acts with regard to the Scholarship programme in a manner, which in Prodigy Finance's reasonable determination is contrary to these Official Rules or by its nature is unjust to other Candidates (including without limitation tampering with the operation of the Scholarship programme, providing false or misleading information when applying for a loan (or otherwise in conjunction with their loan obligation), cheating, hacking, deception or any other unfair playing practices such as intending to annoy, abuse, threaten or harass any other Candidates or Prodigy Finance and/or any of its agents or representatives) may be rejected from the Scholarship programme at Prodigy Finance's sole discretion. Furthermore, where such actions have significantly impaired the Scholarship programme, Prodigy Finance may, at its sole discretion, add further stages to the selection process for the Scholarship programme as it deems reasonably necessary in order to resolve any problems arising as a result of such actions.

  14. All Prodigy Finance's decisions in relation to the Scholarship programme are final and binding in all respects and are not subject to appeal. Prodigy Finance will not enter into any correspondence with Candidates in respect of this programme (other than those who have been selected to receive a Scholarship). Prodigy Finance’s failure to enforce any provision of these Official Rules in a given instance shall not constitute the waiver of such provision.

  15. Relevant United Kingdom law (with the exception of principles of conflict of laws/choice of laws where applicable) will apply to these Official Rules and the relevant courts of the United Kingdom will have exclusive jurisdiction in relation to any disputes. Where applicable, to the fullest extent permitted by law, any such dispute must be brought individually (NOT as part of a class action), with recovery being limited to one’s actual costs in conjunction with participation in the Scholarship programme (if any) with all damages or other forms of recovery being expressly waived.