Study an MS in Electrical Engineering abroad with a student loan
Apply to finance your MS in Electrical Engineering degree through a Prodigy Finance student loan - no collateral required.
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Finance your MS in Electrical Engineering with a student loan
Electrical engineering is the study, design, and application of systems that use electricity, electronics, and electromagnetism; and in today’s world, electrical engineers are at the forefront of the research and development of electric motors, navigation systems, communication systems, or power generation equipment.
If you’re seeking to study an MS in Electrical Engineering degree, you can finance your international education through a Prodigy Finance student loan. We’re proud to support courses at the world’s best schools - and you can join over 43,000 talented students who have already pursued their dream degree through our student loans.
With Prodigy Finance, you can apply online for an international student loan in just a few minutes. Our borderless lending model enables us to fund a wide variety of programmes at the world’s top schools.
To date, we’ve disbursed over $2.3 billion in financing to students from more than 150 countries around the world. Our support for more than 1,700 schools enables us to lend to top-tier students, whose repayments are based on their future earning potential and not their current circumstances.
Explore our supported schools
We support 1,700+ great schools
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Alfred University
The Inamori School Of Engineering at Alfred University offers an MS in Electrical Engineering programme that enables students to specialise in communication systems, control systems, computer systems and software, power systems and machinery, high-voltage devices, optoelectronics, and solid-state devices.
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Arizona State University
The Ira A. Fulton Schools of Engineering at Arizona State University provides an MS in Electrical Engineering programme that includes focus on control systems, electromagnetics, antennas and microwave circuits, electronic and mixed-signal circuit design, among other fields.
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Lamar University
Lamar University’s College of Engineering’s MS in Electrical Engineering programme offers students state-of-the-art material in electrical engineering, including photonics, image and signal processing, instrumentation, and computer and network systems design.
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University of Minnesota
College of Science & Engineering at the University of Minnesota offers an MS in Computer and Electrical Engineering that emphasises solid state and physical electronics; surface physics; thin films; sputtering, noise, and fluctuation phenomena among many other fields.
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University of Wisconsin-Madison
The College of Engineering at the University of Wisconsin-Madison’s MS in Computer and Electrical Engineering covers research in areas of applied electromagnetics and acoustics; communications, networks, privacy and security, and in energy systems, covers computer systems and architecture.
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Illinois Institute of Technology
Armour College of Engineering at Illinois Institute of Technology offers a Master of Science in Electrical Engineering which combines several areas of study within electrical engineering and specialisations in the area of communications and signal processing, computer and microelectronics, and power and control systems.
Where can I study?
Where can I study my Masters in Electrical Engineering with Prodigy Finance?
We’re proud to partner with hundreds of universities and schools worldwide - and regardless of whether you have a school in mind or would like to explore your options further, you can browse our entire catalogue of supported schools to find the right option for you.
Our application process
How does Prodigy Finance’s loan application process work?
Our application process is simple, and takes just a few minutes.
Once you’ve created your account and provided us with some basic personal information, we’ll be able to review your application and present you with a personalized and non-binding offer.
You’ll have up to 14 days to accept your quote and upload your supporting documents.
Once your documents have been reviewed and verified, you’ll be matched to funding in one of our matching rounds - after which we’ll send your loan confirmation letter, and you can then proceed to secure your international study visa. If you're attending a school in the US, your school will need to confirm your loan before we can send you your loan agreement to sign.
You’ll then sign your application agreement on reaching your country of study, and after we’ll countersign.
Your loan will be disbursed directly to your school - meaning you won’t need to worry about complex international transfers when arranging funds for your study abroad journey - and you’ll be able to begin your studies! As a full time student, you’ll only begin your repayments 6 months after your classes end.
Remember - by registering your Prodigy Finance account, you can submit as many applications as you like. If you receive conditionally approved funding from us for your second period of study, you can also submit a new application for this funding closer to your class start date of your second period!
Eligibility
Am I eligible to get an international student loan?
We’re able to finance students from 150 different countries - and regardless of which of our supported schools you intend to apply to, we can assist you with an international student loan so long as you meet some basic eligibility criteria.
Broadly, you’ll need to be seeking admission to a school and programme we support, you must be seeking to study your masters abroad, and you must not reside in a country we do not support.
Why choose us?
Why go with Prodigy Finance?
Student loans starting from 12.06% APR
Our accessible student loans give you the flexibility to manage your studies. As a full-time student, you only begin repaying your loan 6 months after your class end date.
No collateral or co-signer needed
With us, you don’t need to place a deposit nor do you need a co-signatory to secure your loan.
Get an immediate offer
Once you’ve finalised your application, we’ll present you with a customised offer in just ten minutes.
Covers cost of tuition and living expenses
Your Prodigy Finance student loan covers your course fees and if applicable, accommodation and other expenses.
Here's a representative example
Education loan amount example
Interest rate example
We use a variable simple interest rate which tracks a fluctuating benchmark rate. The interest rate includes a fixed margin tailored to your application and the benchmark rate that will change throughout the life of the loan. We use 30-Day Average SOFR as this benchmark.
Education loan repayment example
Representative
APR
13.41%
APR (Annual Percentage Rate) is a rate that shows your total cost of borrowing, including the interest rate and any fees or additional costs. When comparing education loan offers from different lenders, it’s best to use APR rather than monthly interest rate. Your monthly interest rate will always be lower than APR because it only represents part of the total cost of your loan.
Watch this video to find out moreTerms and conditions
12.06% is the minimum possible Annual Percentage Rate you could be offered. This APR assumes a 6% fixed margin rate, a 5.06%* variable base rate (30-Day Average SOFR as of 8 October 2024), and a 5% administration fee. The actual rate offered will depend on your circumstances, loan amount and term, and may differ from the minimum and/or the average representative APR shown in our representative example above.
The average APR for student loans is 13.41%.
To qualify, borrowers must meet Prodigy Finance eligibility and underwriting requirements.
Prodigy Finance reserves the right to vary or discontinue its student loan product at any time without notice.
* Benchmark rates shown on this page are rounded to 2 decimals of a percentage for illustrative purposes. For the actual rate used, click here.
Have questions? We have answers
Have queries about financing your studies, what documents you need in order to apply for a MS in Electrical Engineering loan as an international student, or need assistance in completing your application? We’re here to help. Explore our easy-to-use FAQs, or chat to a member of our team directly from your Prodigy account dashboard.
