What you need to know for your Lancaster University - Management School loan

Key Benefits:

  • No co-signer, collateral or guarantor required
  • 150 nationalities eligible
  • Loans available for current and incoming international/domestic students
  • No up-front fee
  • 6 month grace period after classes end for full-time programs
  • No fees for early repayment
  • Get a provisional loan decision within 5 business days

What programs are supported?

We support the following courses at Lancaster University Management School:

  • MSc in Advanced Marketing Management
  • The Lancaster MBA

What is the maximum loan size I may request?

  • For the MBA program up to 100% of Cost of Tuition minus scholarship and sponsorship (as approved by the school)
  • For the MSc program up to 70% of Cost of Attendance minus scholarship and sponsorship
  • Loans are available in GBP or USD
  • Minimum loan size is GBP 10,000 or USD 15,000

Important Additional Information

The loan size you may be offered will depend on your specific application. If your total payments to the school exceed the amount of tuition due, the remaining amount will be disbursed directly from the school to your local bank account.

Are there fees?

  • Fee of 2.5% of the loan amount (minimum of $500 or £500) is added to the loan amount and fully amortized.

How do I repay the loan?

  • The loan is repaid in monthly payments after your grace period has ended.
  • For full-time students the grace period is 6 months after classes end.
  • The repayment period is either 7, 10, 15 years, depending on your program and application.
  • There are no fees or penalties for early repayment!
  • What are my repayment options

Are there nationalities Prodigy cannot lend to?

  • Yes, unfortunately. While Prodigy is able to lend to students from 150 nationalities, here is a list of the currently restricted nationalities.

What is my rate?

  • To find out what rate you could qualify for, apply for a quote using our online application form

Do you have any questions about these terms? Please visit our FAQs, join one of our Information Sessions or contact info@prodigyfinance.com.

Please note the following when you consider taking your loan: Loans denominated in a currency other than the currency of your tuition and/or the currency of your post-Master degree salary, may be affected by fluctuations in foreign exchange rates. Prodigy Finance is not responsible for any differences in amount that these currency fluctuations may cause, and does not benefit from any currency appreciation or depreciation.

 

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