Scholarship programme; Prodigy Finance is running a scholarship programme in 2024, whereby it will award one (1) scholarship in the form of tuition payment or a debt write-off against a Prodigy Finance loan (and, where the amount of the write-off exceeds the borrower’s existing debt, a cash payment of the balance), to the total value of the USD 5,000 to an eligible candidate ("Scholarship") in accordance with these Terms and Conditions.

Eligibility: To be eligible to apply for the Scholarship and receive the Scholarship award, you must (1) be 18 years and older, (2) have the legal right to be resident and study in (“a Prodigy Supported Host Country”) Australia, Belgium, Canada, China, Denmark, Germany, Hong Kong, India, Italy, Netherlands, Portugal, Singapore, South Africa, Spain, Switzerland, United Kingdom, or United States for the 2025 calendar year, (3) will be commencing studies in Spring 2025 at an academic institution supported by Prodigy Finance at the time the Scholarship recipient is chosen ("Candidates") and (4) be from a Prodigy supported region. View the list of eligible institutions on Prodigy Finance’s website. Previous recipients of a Scholarship or borrowers who have commenced repayments of their loans, in accordance with the mandatory repayment terms of their loan agreements, are not eligible for a Scholarship. Candidates who have applied for loans to fund their tuition for the 2025 Spring intake will be eligible to participate in the Scholarship Programme. 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 fulfillment of the Scholarship programme are not eligible to be a Candidate for possible receipt of a Scholarship. Prodigy Finance reserves the right to require Candidates to prove that they are eligible in accordance with these Terms and Conditions; and award the Scholarship to another Candidate and to require the return of any Scholarship monies already awarded to such ineligible Candidate.

Application process: To enter the Scholarship programme Candidates must complete the form at https://prodigyfinance.com by providing (1) their name, email address and phone number, (2) information about their intended course of study,  (3) their motivation for pursuing their studies, (4) their need and intended use for the award, and (5) their intention to impact others with this opportunity.  The Scholarship may only be entered once, and multiple applications will result in disqualification. Applications will open on 1 September 2024 at 8am EST. The application assessment process for the Scholarship shall take place 1 October - 15 October, 2024 ("Assessment Date"). In order to be considered for the  Assessment, applications must be submitted by 30 September 2024 at 8am EST. 

Selection of shortlisted candidates: Following the Assessment Date, a maximum of 5 Candidates will be chosen to be on a shortlist to enter the final round of selection for the Scholarship (“Shortlist”). The Shortlist will be selected from the pool of Candidates who completed the entry process as per clause 3 of these Terms and Conditions.  Shortlist selection will be done by scoring each Candidate based on a combination of (1) quality of their written essays and (2) content of their written essays. Prodigy Finance reserves the right to conduct interviews and/or request additional information from Candidates related to their Scholarship application. Shortlisted Candidates may be notified via the contact details provided in their Scholarship application and shall be required to provide proof of their acceptance into a supported Prodigy Finance academic institution for the 2025 calendar year in order to proceed to the final round of selection. If the Candidate does not respond within 7 days of receiving the Shortlist notification, or if the Candidate cannot be contacted (for example, a notification email is returned as undeliverable), such Candidate forfeits all rights to the Scholarship, Prodigy Finance shall have no liability to Candidate whatsoever, and Prodigy Finance reserves the right to select an alternative Candidate for the final round of selection.

Selection of Scholarship Recipient: The Shortlisted Candidates’ motivational paragraphs shall be anonymised and shared with a panel of judges composed of senior managers at Prodigy Finance. Following individual scoring by all of the judges, the Candidate with the highest collective ranking shall be awarded the Scholarship. In the event of a tie, Prodigy Finance shall conduct telephonic interviews with the Candidates and assess and rank their criteria based on the following criteria: (1) financial need, (2) academic aptitude and (3) impact of the Scholarship, should it be awarded. The Candidate will be notified of the awarded Scholarship on or around 15 October 2024 (“Selection Date”).   

Notification of the Recipient: The Candidate selected for the Scholarship will be notified no later than 14 days following the Selection Date by the email address or phone number they provided in their Scholarship application. Candidates who were not selected for the Scholarship will not be notified. For the avoidance of doubt, Prodigy Finance’s decision not to select Candidate will in no way affect the status of his/her existing loan obligation. The Candidate who has been notified in this way will only be eligible to receive the Scholarship, if they confirm in writing that they accept these Terms and Conditions (and, if the Candidate is 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 or phone call. 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 Terms and Conditions.  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 the Scholarship, Prodigy Finance shall have no liability to Candidate whatsoever, and Prodigy Finance reserves the right to select an alternative Recipient for the Scholarship.

Awarding of the Scholarship: The Scholarship Recipient will be awarded the opportunity to receive either 1) a tuition payment on their behalf at an eligible academic institution, for an eligible course of study, or 2) a deduction from their outstanding Prodigy Finance loan balance. Where the payment is completed by method (2), the deduction will be credited to the Recipient’s account within 30 days of verification of their eligibility as a Recipient and full compliance with these Terms and Conditions, if the Recipient’s loan has been disbursed. If the Recipient’s loan is not yet disbursed, the 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 USD 5,000 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. If a Recipient’s tuition fee is in a currency other than USD, the equivalent of USD 5,000 will be paid to the eligible academic institution toward the Recipient’s school account or, if payment is completed by method (2), credited against their Prodigy Finance loan account in either GBP or EUR, depending on the currency of the loan, at the day’s exchange rate that the loan account is credited. In the event that Prodigy Finance is unable to complete the payment to the academic institution, and the Recipient does not have Prodigy Finance loan, Prodigy Finance shall make a payment into the Recipient’s nominated bank account in their country of study – details of the bank account to be provided by the Recipient. Where the payment is completed by this method, the Recipient is obligated to pay the full amount received from Prodigy Finance to the academic institution at which they will be commencing studies for the purposes of paying their tuition and to provide proof that this payment has been made. The payment date shall be determined based on the tuition due date for the course in which the Recipient is enrolled at their academic institution, but shall be no later than 31 May, 2025.

Taxes: RECEIPT OF AWARDS TO POTENTIAL RECIPIENTS ARE SUBJECT TO THE EXPRESS REQUIREMENT THAT THEY SUBMIT TO PRODIGY FINANCE DOCUMENTATION REQUESTED BY PRODIGY FINANCE TO PERMIT IT TO COMPLY WITH ALL APPLICABLE FEDERAL, STATE, PROVINCIAL, LOCAL AND FOREIGN TAX REPORTING AND WITHHOLDING REQUIREMENTS. ALL AWARDS WILL BE NET OF ANY TAXES PRODIGY FINANCE IS REQUIRED BY LAW TO WITHHOLD. ALL TAXES IMPOSED ON AWARDS ARE THE SOLE RESPONSIBILITY OF THE RECIPIENT. In order to receive a Scholarship, potential Recipients may be required to submit the tax documentation requested by Prodigy Finance or otherwise required by applicable law, to Prodigy Finance or the relevant tax authority, all as determined by applicable law, including, where relevant, the law of the potential Recipient’s country of residence. The potential Recipient is responsible for ensuring that (s)he complies with all the applicable tax laws and filing requirements. If a potential Recipient fails to provide such documentation or comply with such laws, the Scholarship may be forfeited, and Prodigy Finance may, in its sole discretion, select an alternative potential Recipient.

General conditions regarding the Scholarship programme: 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, unless otherwise provided in Prodigy Finance’s sole and unfettered discretion. 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. In addition, Candidates agree to cooperate fully with Prodigy Finance or its designated representatives in conjunction with the reporting of receipt of the Scholarship to all appropriate governmental authorities as per applicable law. 

Right to cancel, modify or disqualify: 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 as described in these Terms and Conditions, Prodigy Finance reserves the right to award the cash value of the Scholarship directly to the selected Recipient.  Under no circumstances will more than 1 Scholarship (valued at USD 5,000) be awarded as part of this Scholarship programme. 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 Terms and Conditions 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 available in a manner that is fair, appropriate and consistent with these Terms and Conditions as determined by Prodigy Finance in its sole discretion. Any Candidate who acts with regard to the Scholarship programme in a manner, which in Prodigy Finance's reasonable determination is contrary to these Terms and Conditions 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 Scholarship, 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 and excluded 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.

Publicity: By accepting the Scholarship, the Recipients accept that their names, photographs, 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 publishing the names and photographs of the Recipients on Prodigy Finance’s website (prodigyfinance.com) for a period of 1 year starting on the day they are confirmed as a Recipient. The name and country / US State of Recipients of Scholarships will also be made available to Candidates and the public, unless otherwise provided in Prodigy Finance’s sole and unfettered discretion.

Privacy: 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 https://prodigyfinance.com/legal/privacy-policy).

Limitation of liability and indemnity: 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 Terms and Conditions 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. 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 Scholarship programme (other than those who have been selected to receive a Scholarship). Prodigy Finance’s failure to enforce any provision of these Terms and Conditions in a given instance shall not constitute the waiver of such provision. 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. 

Applicable law: The Scholarship programme and these Terms and Conditions shall be governed by and construed in accordance with English law and the court of England 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.

Scholarship programme; Prodigy Finance is running a scholarship programme in 2024, whereby it will award three (3) scholarships in the form of tuition payment or a debt write-off against a Prodigy Finance loan (and, where the amount of the write-off exceeds the borrower’s existing debt, a cash payment of the balance), to the total value of the USD 5,000 to an eligible candidate ("Scholarship") in accordance with these Terms and Conditions.

Eligibility: To be eligible to apply for the Scholarship and receive the Scholarship award, you must (1) be 18 years and older, (2) hold citizenship from a Prodigy supported African country (3) have the legal right to be resident and study in (“a Prodigy Supported Host Country”) Australia, Belgium, Canada, China, Denmark, Germany, Hong Kong, India, Italy, Netherlands, Portugal, Singapore, South Africa, Spain, Switzerland, United Kingdom, or United States for the 2025 calendar year, (4) will be commencing studies in Spring 2025 at an academic institution supported by Prodigy Finance at the time the Scholarship recipient is chosen ("Candidates"). View the list of eligible institutions on Prodigy Finance’s website. Previous recipients of a Scholarship or borrowers who have commenced repayments of their loans, in accordance with the mandatory repayment terms of their loan agreements, are not eligible for a Scholarship. Candidates who have applied for loans to fund their tuition for their studies beginning in Spring 2025 will be eligible to participate in the Scholarship Programme. 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 fulfillment of the Scholarship programme are not eligible to be a Candidate for possible receipt of a Scholarship. Prodigy Finance reserves the right to require Candidates to prove that they are eligible in accordance with these Terms and Conditions; and award the Scholarship to another Candidate and to require the return of any Scholarship monies already awarded to such ineligible Candidate.

Application process: To enter the Scholarship programme Candidates must complete the form at https://prodigyfinance.com by providing (1) their name, email address and phone number, (2) information about their intended course of study,  (3) their motivation for pursuing their studies, (4) their need and intended use for the award, and (5) their intention to impact others with this opportunity.  The Scholarship may only be entered once, and multiple applications will result in disqualification from the competition. Applications will open on 1 September 2024 at 8am EST. The application assessment process for the Scholarship shall take place 1 October - 15 October, 2024 ("Assessment Date"). In order to be considered for the  Assessment, applications must be submitted by 30 September 2024 at 8am EST. 

Selection of shortlisted candidates: Following the Assessment Date, a maximum of 10 Candidates will be chosen to be on a shortlist to enter the final round of selection for the Scholarship (“Shortlist”). The Shortlist will be selected from the pool of Candidates who completed the entry process as per clause 3 of these Terms and Conditions.  Shortlist selection will be done by scoring each Candidate based on a combination of (1) quality of their written essays and (2) content of their written essays. Prodigy Finance reserves the right to conduct interviews and/or request additional information from Candidates related to their Scholarship application. Shortlisted Candidates may be notified via the contact details provided in their Scholarship application and shall be required to provide proof of their acceptance into a supported Prodigy Finance academic institution for the 2025  calendar year in order to proceed to the final round of selection. If the Candidate does not respond within 7 days of receiving the Shortlist notification, or if the Candidate cannot be contacted (for example, a notification email is returned as undeliverable), such Candidate forfeits all rights to the Scholarship, Prodigy Finance shall have no liability to Candidate whatsoever, and Prodigy Finance reserves the right to select an alternative Candidate for the final round of selection.

Selection of Scholarship Recipient: The Shortlisted Candidates’ motivational paragraphs shall be anonymised and shared with a panel of judges composed of senior managers at Prodigy Finance. Following individual scoring by all of the judges, the Candidate with the highest collective ranking shall be awarded the Scholarship. In the event of a tie, Prodigy Finance shall conduct telephonic interviews with the Candidates and assess and rank their criteria based on the following criteria: (1) financial need, (2) academic aptitude and (3) impact of the Scholarship, should it be awarded. The Candidate will be notified of the awarded Scholarship on or around 15 October 2024 (“Selection Date”).

Notification of the Recipient: The Candidate selected for the Scholarship will be notified no later than 14 days following the Selection Date by the email address or phone number they provided in their Scholarship application. Candidates who were not selected for the Scholarship will not be notified. For the avoidance of doubt, Prodigy Finance’s decision not to select Candidate will in no way affect the status of his/her existing loan obligation. The Candidate who has been notified in this way will only be eligible to receive the Scholarship, if they confirm in writing that they accept these Terms and Conditions (and, if the Candidate is 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 or phone call. 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 Terms and Conditions.  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 the Scholarship, Prodigy Finance shall have no liability to Candidate whatsoever, and Prodigy Finance reserves the right to select an alternative Recipient for the Scholarship.

Awarding of the Scholarship: The Scholarship Recipient will be awarded the opportunity to receive either 1) a tuition payment on their behalf at an eligible academic institution, for an eligible course of study, or 2) a deduction from their outstanding Prodigy Finance loan balance. Where the payment is completed by method (2), the deduction will be credited to the Recipient’s account within 30 days of verification of their eligibility as a Recipient and full compliance with these Terms and Conditions, if the Recipient’s loan has been disbursed. If the Recipient’s loan is not yet disbursed, the 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 USD 5,000 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. If a Recipient’s tuition fee is in a currency other than USD, the equivalent of USD 5,000 will be paid to the eligible academic institution toward the Recipient’s school account or, if payment is completed by method (2), credited against their Prodigy Finance loan account depending on the currency of the loan, at the day’s exchange rate that the loan account is credited. In the event that Prodigy Finance is unable to complete the payment to the academic institution, and the Recipient does not have Prodigy Finance loan, Prodigy Finance shall make a payment into the Recipient’s nominated bank account in their country of study – details of the bank account to be provided by the Recipient. Where the payment is completed by this method, the Recipient is obligated to pay the full amount received from Prodigy Finance to the academic institution at which they will be commencing studies for the purposes of paying their tuition and to provide proof that this payment has been made. The payment date shall be determined based on the tuition due date for the course in which the Recipient is enrolled at their academic institution, but shall be no later than 31 May, 2025.

Taxes: RECEIPT OF AWARDS TO POTENTIAL RECIPIENTS ARE SUBJECT TO THE EXPRESS REQUIREMENT THAT THEY SUBMIT TO PRODIGY FINANCE DOCUMENTATION REQUESTED BY PRODIGY FINANCE TO PERMIT IT TO COMPLY WITH ALL APPLICABLE FEDERAL, STATE, PROVINCIAL, LOCAL AND FOREIGN TAX REPORTING AND WITHHOLDING REQUIREMENTS. ALL AWARDS WILL BE NET OF ANY TAXES PRODIGY FINANCE IS REQUIRED BY LAW TO WITHHOLD. ALL TAXES IMPOSED ON AWARDS ARE THE SOLE RESPONSIBILITY OF THE RECIPIENT. In order to receive a Scholarship, potential Recipients may be required to submit the tax documentation requested by Prodigy Finance or otherwise required by applicable law, to Prodigy Finance or the relevant tax authority, all as determined by applicable law, including, where relevant, the law of the potential Recipient’s country of residence. The potential Recipient is responsible for ensuring that (s)he complies with all the applicable tax laws and filing requirements. If a potential Recipient fails to provide such documentation or comply with such laws, the Scholarship may be forfeited, and Prodigy Finance may, in its sole discretion, select an alternative potential Recipient.

General conditions regarding the Scholarship programme: 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, unless otherwise provided in Prodigy Finance’s sole and unfettered discretion. 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. In addition, Candidates agree to cooperate fully with Prodigy Finance or its designated representatives in conjunction with the reporting of receipt of the Scholarship to all appropriate governmental authorities as per applicable law. 

Right to cancel, modify or disqualify: 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 as described in these Terms and Conditions, Prodigy Finance reserves the right to award the cash value of the Scholarship directly to the selected Recipient.  Under no circumstances will more than 1 Scholarship (valued at USD 5,000) be awarded as part of this Scholarship programme. 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 Terms and Conditions 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 an event, Prodigy Finance shall use its reasonable efforts to make the Scholarship available in a manner that is fair, appropriate and consistent with these Terms and Conditions as determined by Prodigy Finance in its sole discretion. Any Candidate who acts with regard to the Scholarship programme in a manner, which in Prodigy Finance's reasonable determination is contrary to these Terms and Conditions 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 Scholarship, 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 and excluded 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.

Publicity: By accepting the Scholarship, the Recipients accept that their names, photographs, 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 publishing the names and photographs of the Recipients on Prodigy Finance’s website (prodigyfinance.com) for a period of 1 year starting on the day they are confirmed as a Recipient. The name and country / US State of Recipients of Scholarships will also be made available to Candidates and the public, unless otherwise provided in Prodigy Finance’s sole and unfettered discretion.

Privacy: 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 https://prodigyfinance.com/legal/privacy-policy).

Limitation of liability and indemnity: 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 Terms and Conditions 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. 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 Scholarship programme (other than those who have been selected to receive a Scholarship). Prodigy Finance’s failure to enforce any provision of these Terms and Conditions in a given instance shall not constitute the waiver of such provision. 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. 

Applicable law: The Scholarship programme and these Terms and Conditions shall be governed by and construed in accordance with English law and the court of England 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.

Scholarship programme; Prodigy Finance and the University of Louisville - College of Business are running a scholarship programme in 2024, whereby it will award one (1) scholarship in the form of tuition payment, to the total value of the USD 5,000 to an eligible candidate ("Scholarship") in accordance with these Terms and Conditions. $2,500 of the award will be disbursed by Prodigy Finance and matched in full by the College of Business for a total $5,000 tuition payment.

Eligibility: To be eligible to apply for the Scholarship and receive the Scholarship award, you must (1) be 18 years and older, (2) hold citizenship from a Prodigy supported African country (3) have the legal right to be resident and study in the United States for the 2025 calendar year, (4) will be commencing studies in Spring 2025 at the University of Louisville - College of Business. Previous recipients of a Scholarship or borrowers who have commenced repayments of their loans, in accordance with the mandatory repayment terms of their loan agreements, are not eligible for a Scholarship. Candidates who have applied for loans to fund their tuition for the 2025 calendar year will be eligible to participate in the Scholarship Programme. 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 fulfillment of the Scholarship programme are not eligible to be a Candidate for possible receipt of a Scholarship. Prodigy Finance reserves the right to require Candidates to prove that they are eligible in accordance with these Terms and Conditions; and award the Scholarship to another Candidate and to require the return of any Scholarship monies already awarded to such ineligible Candidate.

Application process: To enter the Scholarship programme Candidates must complete the form at https://prodigyfinance.com by providing (1) their name, email address and phone number, (2) information about their intended course of study,  (3) their motivation for pursuing their studies, (4) their need and intended use for the award, and (5) their intention to impact others with this opportunity.  The Scholarship may only be entered once, and multiple applications will result in disqualification from the competition.. Applications will open on 1 September 2024 at 8am EST. The application assessment process for the Scholarship shall take place 1 October - 15 October, 2024 ("Assessment Date"). In order to be considered for the  Assessment, applications must be submitted by 30 September 2024 at 8am EST. 

Selection of shortlisted candidates: Following the Assessment Date, a maximum of 5 Candidates will be chosen to be on a shortlist to enter the final round of selection for the Scholarship (“Shortlist”). The Shortlist will be selected from the pool of Candidates who completed the entry process as per clause 3 of these Terms and Conditions.  Shortlist selection will be done by scoring each Candidate based on a combination of (1) quality of their written essays and (2) content of their written essays. Prodigy Finance reserves the right to conduct interviews and/or request additional information from Candidates related to their Scholarship application. Shortlisted Candidates shall be notified via the contact details provided in their Scholarship application and shall be required to provide proof of their acceptance into a supported Prodigy Finance academic institution for the 2024 or 2025 academic year in order to proceed to the final round of selection. If the Candidate does not respond within 7 days of receiving the Shortlist notification, or if the Candidate cannot be contacted (for example, a notification email is returned as undeliverable), such Candidate forfeits all rights to the Scholarship, Prodigy Finance shall have no liability to Candidate whatsoever, and Prodigy Finance reserves the right to select an alternative Candidate for the final round of selection.

Selection of Scholarship Recipient: The Shortlisted Candidates’ motivational paragraphs shall be anonymised and shared with a panel of judges composed of senior managers at Prodigy Finance and College of Business staff members. Following individual scoring by all of the judges, the Candidate with the highest collective ranking shall be awarded the Scholarship. In the event of a tie, Prodigy Finance shall conduct telephonic interviews with the Candidates and assess and rank their criteria based on the following criteria: (1) financial need, (2) academic aptitude and (3) impact of the Scholarship, should it be awarded. The Candidate will be notified of the awarded Scholarship on or around 15 October 2024 (“Selection Date”).   

Notification of the Recipient: The Candidate selected for the Scholarship will be notified no later than 14 days following the Selection Date by the email address or phone number they provided in their Scholarship application. Candidates who were not selected for the Scholarship will not be notified. For the avoidance of doubt, Prodigy Finance’s decision not to select Candidate will in no way affect the status of his/her existing loan obligation. The Candidate who has been notified in this way will only be eligible to receive the Scholarship, if they confirm in writing that they accept these Terms and Conditions (and, if the Candidate is 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 or phone call. 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 Terms and Conditions.  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 the Scholarship, Prodigy Finance shall have no liability to Candidate whatsoever, and Prodigy Finance reserves the right to select an alternative Recipient for the Scholarship.

Awarding of the Scholarship: The Scholarship Recipient will be awarded the opportunity to receive either 1) a tuition payment on their behalf at the University of Louisville, for an eligible course of study, or 2) a deduction from their outstanding Prodigy Finance loan balance. Where the payment is completed by method (2), the deduction will be credited to the Recipient’s account within 30 days of verification of their eligibility as a Recipient and full compliance with these Terms and Conditions, if the Recipient’s loan has been disbursed. If the Recipient’s loan is not yet disbursed, the 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 USD 5,000 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. In the event that Prodigy Finance is unable to complete the payment to the academic institution, and the Recipient does not have Prodigy Finance loan, Prodigy Finance shall make a payment into the Recipient’s nominated bank account in their country of study – details of the bank account to be provided by the Recipient. Where the payment is completed by this method, the Recipient is obligated to pay the full amount received from Prodigy Finance to the University of Louisville at which they will be commencing studies for the purposes of paying their tuition and to provide proof that this payment has been made. The payment date shall be determined based on the tuition due date for the course in which the Recipient is enrolled at their academic institution, but shall be no later than 31 May, 205.

Taxes: RECEIPT OF AWARDS TO POTENTIAL RECIPIENTS ARE SUBJECT TO THE EXPRESS REQUIREMENT THAT THEY SUBMIT TO PRODIGY FINANCE DOCUMENTATION REQUESTED BY PRODIGY FINANCE TO PERMIT IT TO COMPLY WITH ALL APPLICABLE FEDERAL, STATE, PROVINCIAL, LOCAL AND FOREIGN TAX REPORTING AND WITHHOLDING REQUIREMENTS. ALL AWARDS WILL BE NET OF ANY TAXES PRODIGY FINANCE IS REQUIRED BY LAW TO WITHHOLD. ALL TAXES IMPOSED ON AWARDS ARE THE SOLE RESPONSIBILITY OF THE RECIPIENT. In order to receive a Scholarship, potential Recipients may be required to submit the tax documentation requested by Prodigy Finance or otherwise required by applicable law, to Prodigy Finance or the relevant tax authority, all as determined by applicable law, including, where relevant, the law of the potential Recipient’s country of residence. The potential Recipient is responsible for ensuring that (s)he complies with all the applicable tax laws and filing requirements. If a potential Recipient fails to provide such documentation or comply with such laws, the Scholarship may be forfeited, and Prodigy Finance may, in its sole discretion, select an alternative potential Recipient.

General conditions regarding the Scholarship programme: 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, unless otherwise provided in Prodigy Finance’s sole and unfettered discretion. 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. In addition, Candidates agree to cooperate fully with Prodigy Finance or its designated representatives in conjunction with the reporting of receipt of the Scholarship to all appropriate governmental authorities as per applicable law. 

Right to cancel, modify or disqualify: 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 as described in these Terms and Conditions, Prodigy Finance reserves the right to award the cash value of the Scholarship directly to the selected Recipient.  Under no circumstances will more than 1 Scholarship (valued at USD 2,500) be awarded as part of this Scholarship programme. 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 Terms and Conditions 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 available in a manner that is fair, appropriate and consistent with these Terms and Conditions as determined by Prodigy Finance in its sole discretion. Any Candidate who acts with regard to the Scholarship programme in a manner, which in Prodigy Finance's reasonable determination is contrary to these Terms and Conditions 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 sc, 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 and excluded 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.

Publicity: By accepting the Scholarship, the Recipients accept that their names, photographs, 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 publishing the names and photographs of the Recipients on Prodigy Finance’s website (prodigyfinance.com) for a period of 1 year  starting on the day they are confirmed as a Recipient. The name and country / US State of Recipients of Scholarships will also be made available to Candidates and the public, unless otherwise provided in Prodigy Finance’s sole and unfettered discretion.

Privacy: 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 https://prodigyfinance.com/legal/privacy-policy).

Limitation of liability and indemnity: 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 Terms and Conditions 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. 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 Scholarship programme (other than those who have been selected to receive a Scholarship). Prodigy Finance’s failure to enforce any provision of these Terms and Conditions in a given instance shall not constitute the waiver of such provision. 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. 

Applicable law: The Scholarship programme and these Terms and Conditions shall be governed by and construed in accordance with English law and the court of England 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.