How GRE takers can fund their MS or MBA abroad with Prodigy Finance
Learn how GRE takers can fund MS or MBA abroad with Prodigy Finance. Get no-collateral, no co-signer international student loans for 1,800+ top programmes worldwide.
A global dream begins with the GRE
Every year, thousands of students around the world take the GRE (Graduate Record Examination) with the goal of pursuing higher education abroad, typically an MS, MBA or other postgraduate programme. But scoring well on the GRE is just one piece of the puzzle. The next big question is: “How do I pay for my studies?”
Many students, especially those from emerging economies like India, Brazil or Nigeria, find it challenging to secure financing without a co-signer or collateral. This is where Prodigy Finance comes in.
In this blog, we’ll guide GRE takers through loan eligibility, how Prodigy Finance works, and how you can secure a loan without needing a co-signer or collateral to pursue your MS or MBA abroad.
Why the GRE is a gateway to global opportunities
The GRE is widely accepted by top universities across the US, UK, Canada, Europe and Asia for graduate-level programmes, including:
STEM programmes (MS, MEng, MSc)
Business programmes (MBA, MIM)
Social sciences, economics and more
But with global education comes a price tag. Tuition fees, living expenses, travel and visa fees can add up to USD 10,000 or more.
For GRE takers, the natural next step is to explore funding options tailored to their test path and target institutions.a
Common challenges GRE takers face while funding their studies
Lack of collateral: Most traditional lenders, especially in home countries, require property or fixed deposits as security.
No co-signer available: Students may not have someone with a strong credit history in the destination country.
Limited loan options abroad: International students often struggle to find banks that offer loans across borders.
Currency mismatch: Borrowing in local currency while paying tuition in a foreign currency can be financially risky.
Prodigy Finance: Tailored loans for GRE takers
Prodigy Finance is a global lending platform that specialises in education loans for international postgraduate students. Here's why it's especially valuable for GRE takers:
No collateral or co-signer required
Unlike many traditional banks, Prodigy offers loans with no co-signer or collateral needed, while keeping the flexibility to add a co-signer* (only for eligible Indian students) if you choose.
Loan coverage up to 100 per cent of the cost of attendance
GRE takers can access loans that cover:
Tuition fees (up to 100%)
Partial living expenses (up to 20% in some cases)
Available for 1,800+ schools and programmes
Prodigy supports post-graduate programmes at top universities in the US, UK, Canada, Europe and across 19+ other countries, including:
Carnegie Mellon
Columbia University
Georgia Tech
University of Oxford
INSEAD
Imperial College London
Many of these programmes accept GRE scores for MS and even MBA admissions.
Eligibility based on future earning potential
Rather than relying on your family’s financial background, Prodigy uses a forward-looking model. We assess your future earning potential based on your programme, school and industry.
Am I eligible for a Prodigy Finance loan after taking the GRE?
To qualify for a Prodigy Finance loan, you must:
Be admitted to a school and programme we support
Plan to study abroad
Live in a country we support
Things to check for your study application
While not part of our loan eligibility, the following may influence your school admission and loan amount:
Test requirement: GRE or GMAT accepted, depending on the programme
Programme type: Postgraduate programmes such as MS, MBA, MIM
Country of study: US, UK, Canada, Germany, France, Netherlands, Ireland and others
Country of citizenship: India, Brazil, Nigeria, and 120+ other countries we support
Loan amount: Up to 100% of tuition, plus partial living expenses
Credit history: We do request a credit history, but having no prior credit will not affect your eligibility
You can check your eligibility instantly using Prodigy Finance’s express eligibility tool*.
Steps to fund your MS or MBA with Prodigy Finance as a GRE taker
Step 1: Shortlist universities that accept the GRE and are supported by Prodigy Finance
Use platforms like:
Prodigy’s supported schools list
University programme websites
Ensure your GRE score meets the minimum requirements and Prodigy supports your chosen programme.
Step 2: Check your loan eligibility online
Check your eligibility on our homepage. All you need is:
Your programme name
University
Nationality
Step 3: Submit your loan application
Apply online and upload your documents to move your application forward. At this stage, we will match you to available funds. This may take about 1-2 weeks, depending on your application and funding requirements.
Step 4: Get your loan offer
Once you've been matched to funding and are ready to proceed, you'll sign your loan agreement with Prodigy Finance to finalise the loan agreement. Your loan confirmation letter can be used for:
Visa applications
University financial aid submissions
Step 5: Funds are disbursed to your University
Prodigy sends the funds straight to your university, reducing risk and making the process hassle-free. If your living expenses are approved, in some cases, these funds can be sent to an approved bank account in your study country, giving you quick and easy access to support your day-to-day needs while studying.
Interest rates and repayment terms for GRE students
Feature | Details |
|---|---|
Interest rate | Variable 12.04% (Use our student loan calculator to find out your estimated monthly payment, interest rates, etc.) |
Repayment start | For full-time study, repayments begin 6 months after classes end (grace period) |
Repayment term | 7 to 20 years, depending on your programme and loan amount |
Prepayment penalty | None - you can repay early at any time |
Bonus: Scholarships and financial planning tips
Even with a loan, it's smart to optimise your funding:
Look for department-level scholarships at your target university
Plan your living expenses and check how much Prodigy’s loan covers
Use education loan calculators to understand long-term repayment
Why Prodigy Finance is ideal for GRE students
Designed for international students with no US or UK credit history, with a fair Representative APR (RAPR) to support those who may have limited access to credit.
Covers programmes where the GRE is accepted (MS or MBA)
Transparent process and flexible terms
Access to a global community and alumni support network
Final thoughts: Take the GRE, secure admission and fund it with confidence
Scoring well on the GRE opens doors to world-class universities, but getting there requires smart financial planning. With Prodigy Finance, you don’t need to rely on traditional banks or ask relatives to co-sign your loan.
So whether you're headed for a tech-driven MS or a globally ranked MBA programme, Prodigy Finance helps turn your GRE success into a truly global opportunity.
