Prodigy Finance loans available for MS Engineering students

Prodigy finance Logo

Prodigy Finance - May, 20 2024

7 min read

About the author

At Prodigy Finance, we're committed to helping international talent to achieve their education dreams. We offer international student loans to qualified individuals attending top master's programmes in the US.

Prodigy Finance continues to lead as a pioneer of international student lending. A masters degree can be costly, but we believe that shouldn’t be a barrier to education. That’s why we provide loans to international masters students to pursue their dream degrees.

We launched engineering loans for qualified international students in 2016, and today we support 497 engineering and STEM schools. Students can apply for education loans for engineering from Prodigy loan for MS degrees at top schools around the world. Today, we have a university list comprising over 500 Engineering and STEM schools - that’s why more and more MS Engineering students around the world are reaching out to Prodigy Finance to finance their education.

Currently, we support schools across 48 states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

We also support STEM programmes in Washington DC, Canada and the UK.

See if we can help you fund your degree by checking our current list of STEM schools.

Prodigy Finance loans for engineers going for their master’s abroad

Prodigy Finance provides loans for international graduates pursuing business, engineering, law, and public policy degrees.

Looking for the top STEM schools and MS Engineering programmes for your field?

Prodigy finance supports education loans for engineering students and these guides will give you more information about your preferred programme - from cost and duration, to the best schools that offer the programme.

Whether it is a MS in finance in the USA or MSc in Financial Engineering, you can check whether the school & engineering programme you have in mind is supported by Prodigy finance.

What are the top US engineering universities and which ones does Prodigy Finance support?

Prodigy Finance supports over 500 Engineering and STEM schools worldwide.

Not every programme is supported at every university; you’ll need to check the university and your course of study.
Our Prodigy Finance University List will help you find out if we support the college and course you are interested in or can help you explore all the schools we support.

According to U.S. News & World Report, these are the current top 10 Universities offering MS Engineering courses in the US:

What are the most popular MS Engineering courses, and their earning potential?

The best engineering degree or stream for you can only be determined by your interest area: Prodigy Finance supports education loans for engineering students and these guides will give you more information about your preferred programme - from cost and duration to the best schools that offer the programme.

  • Aerospace and Aeronautical Engineering
  • Electrical Engineering
  • Biological and Agricultural Engineering
  • Environmental Engineering
  • Biomedical and Bioengineering
  • Industrial and Systems Engineering
  • Chemical Engineering
  • Materials Engineering
  • Civil Engineering
  • Mechanical Engineering
  • Computer Engineering
  • Nuclear Engineering

How long is an MS Engineering course?

A bachelor’s degree takes four years of full-time study, while a master's takes two years, full-time. Depending on the course and university you study at, you might also be able to study MS Engineering part-time.

What are the test scores I need to qualify for admission to MS Eng?

There are certain requirements that need to be met in order to be considered for admission to an MS Engineering course. When it comes to the application, the basic process includes:

  1. Taking a GRE/ GMAT tests
  2. An English language proficiency test such as TOEFL or IELTS.
  3. You’ll then need to submit these test results, together with your online application, academic transcripts, Statement of Purpose, and recommendation letters.

To prepare and apply for your MS degree in the US, check out our step-by-step guide for everything you need to know about how to get into engineering grad school.

How much will it cost me to study a MS Engineering course?

It can be very expensive but also very rewarding to study MS Engineering at a top university in the world. According to the Education Data Initiative, the average cost of an MS Engineering course is USD 59,720.00. It is also important to consider your living expenses such as transport, clothing, textbooks and accommodation. On average it could cost between USD 10,000.00 and USD 18,000.00 per year for living expenses.

How can Prodigy Finance help fund my MS Engineering course?

The belief that funding shouldn’t be a barrier to education is at the core of Prodigy Finance’s operations.
Prodigy Finance provides loans for international grad students pursuing masters in business, engineering, law, and public policy degrees.

What are the requirements for a Prodigy Finance loan?

To successfully apply for a student loan to cover your study abroad journey, you’ll need to satisfy the following three criteria:

  • You must be admitted to a school and programme we support. You can explore our Prodigy Finance List Of Universities on our website.
  • You must be looking to study abroad.
  • You must come from one of the countries we support. You can find a list of countries we can’t support here.

Why should I choose Prodigy Finance to fund my MS Eng course?

  • Our loan offers are based on your earning potential (not your current circumstances)
  • We assess affordability based on your future earning potential. This means you don't need a co-signer or collateral to apply for a loan.
  • We support students from more countries than any other lender. Over the years, we’ve developed a unique credit model, which means we can lend to students from 150 different countries worldwide. You can review our requirements to understand if you’re eligible for a loan with us, and also see if we can support your school.
  • No penalty on early repayment
  • Your future is important to us. To ease the journey back to employment after completing your studies, we offer a grace period before repayments start and we don't charge a fee for early repayment.

How Do I apply for a Prodigy Finance loan?

  • Finding your school - Make sure your school is listed as one of Prodigy Finance supported schools
  • Details about the school & Prodigy’s support for your programme - Get the details of Prodigy Finance’s support for the school. Check out all the important details like the maximum & minimum loan amount, cost estimates, etc. for the selected programme.
  • Register & Apply - Let us know you are interested in clicking the “Apply now” button. It will redirect you to the simple registration page where you can sign up and apply for the loan.
  • Start the application - Fill in your details - personal, residential, academic, finance & budgeting, and related to the course.
  • Submit the application - Once you have provided all the required information for processing your loan application.

What else should you know about Prodigy Finance loans for MS Engineering Students?

Prodigy Finance’s student loans are collectively funded by a community of alumni, institutional investors and qualified private investors who receive both a financial and social return.

We provide some information about our borrowers to these investors including repayment status.

Which schools or universities does Prodigy Finance support?

Prodigy Finance supports most of the best-ranked universities for Masters in Engineering or Business. Check out our Prodigy Finance College List

I need a loan sanction letter for my visa processing, as a part of the proof of funds. When can I get it?

Once your application is processed, your loan is approved, and you accept, you will be issued a loan confirmation letter from Prodigy Finance which can act as a financial document for your visa and college application process.

What jobs are available after I graduate?

After completing an MS Engineering degree, you could choose to pursue a variety of careers, such as engineering management, petroleum engineering, chemical engineering, management, finance or data science. According to Statista, the projected starting salary for MS Engineering graduates in 2022 based in the US was USD 85,096.00 per annum.

Still deciding whether an MS Engineering degree is right for you?

Find everything you want to know about studying a STEM masters here:


Want more study abroad advice?

Making the decision to study a masters abroad is a big deal. Sign up here to get help from preparation to graduation.

If you have decided to study in one of the schools in the prodigy finance list of supported schools, you can apply online to get a quote.

Image of webinar host

Talk to us

Wednesday & Friday 12 pm (GMT) | 5:30 pm (IST)
Hosts: Charndre and team

Join webinar
Download our mobile app

© Prodigy Finance Limited 2007 - 2024. All Rights Reserved. Prodigy Finance Limited is incorporated in the United Kingdom (Company Number 05912562) with its registered address at 85 Great Portland Street, London, W1W 7LT and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance is authorised and regulated by the Financial Conduct Authority (firm registration number 709641) for certain consumer credit activities. Prodigy Finance loans are offered to eligible borrowers and these loans are governed by English law. Prodigy Finance Servicing, LLC is incorporated in the state of Delaware, USA, is an affiliate of Prodigy Finance Limited and conducts the business of servicing of loans for residents of certain US states. NMLS # 2155440 (Prodigy Finance Servicing, LLC) and NMLS #1611590 (Prodigy Finance Limited) ( View Prodigy Finance's lending, servicing and collection licenses.