Go back

Prodigy Finance FAQ: Will I be charged any late fees if my funds are disbursed after the schools disbursement date?

Prodigy Finance - August 15, 2018

Interested in a Prodigy Finance loan? Here's your chance to learn more about educational loan disbursement dates.

Prodigy Finance FAQ Late fees and disbursement dates

We work very closely with all schools to determine when the disbursement of your loan will happen and to ensure you don’t incur any late fees.

In the very rare case that late fees are incurred and it is our fault, we’ll work with the school to come up with a solution to cover those fees.

 

Will I be charged any late fees if my funds are disbursed after the schools disbursement date?

Have more questions regarding Prodigy Finance loan disbursement?


Prodigy Finance loans are only finalised when borrowers arrive on campus

Weighing up travel arrangements and class start dates often prompts students to ask about specific loan disbursal dates - and whether theirs will be transfered on time. 

Q: My class starts on 21 Aug and I'm reaching the US on 18 Aug 18; will my loan be disbursed on time if I only sign on 18 Aug?


A: While this isn’t the ideal situation, the majority of schools provide exceptions for Prodigy Finance-funded students - as long as Prodigy Finance approaches them well in advance. 

If your arrival date falls near a school’s payment due date, get in touch with us as soon as possible to see if an exception can be arranged.

Still have questions?  Feel free to send an email to info@prodigyfinance.com so we can answer your queries. 

Interested in a Prodigy Finance Loan?

Prodigy Finance offers no cosigner, collateral-free loans to eligible international students attending supported universities across the globe. If you're considering postgraduate study, you might want to consider a Prodigy Finance loan.


Related Articles

Prodigy finance looks at uk visa regulations for international mba students

Current UK visa regulations for international MBA students

Katie Schenk - January 17, 2019

If you’ve shortlisted a UK MBA programme as one of your top choices (or perhaps a few different... Continue reading

Stanford gsb school spotlight

Spotlight on Stanford Graduate School of Business

Prodigy Finance - January 09, 2019

Ready to learn everything you need to know about business masters degrees at Stanford GSB? You're... Continue reading

International student bank account

Getting a bank account as an international student

Katie Schenk - January 08, 2019

Headed overseas for your masters? Expect one of the most incredible experiences of your life. The... Continue reading

20 in the process 12 what should be in your mba budget

What should be in your MBA budget?

Katie Schenk - January 02, 2019

If you’re busy studying for your GMAT, there’s something else you should be doing too. Now is... Continue reading

Follow us