Why choose Prodigy Finance to fund your master's in Australia?

We already support hundreds of schools across 18 different countries - and we can now support financing for universities in Australia! We provide financing for a variety of programmes from Law, to Business, Engineering, Public Policy, and more - and we have your funding ready!

We look beyond your credit history, focusing on your future career prospects. With competitive interest rates, no collateral or co-signer required, and flexible repayment options, we make financing your Australian education simple and stress-free.

Since 2007, Prodigy Finance has disbursed over $2 billion in master's abroad education loans, ensuring you secure the right loan at the right cost.

Finance your master's programme in Australia with a student loan

Studying in Australia opens up a world of opportunities for international students seeking to pursue their master's studies at some of the finest universities and colleges globally. Several Australian universities consistently rank within the top schools globally. These universities offer high academic standards and a wide variety of courses.

Several Australian cities are ranked in the top 100 student cities according to QS Best Student Cities list, with Melbourne holding the 5th position.

Australia is one of the most favoured study-abroad destinations among students from countries like India, Nepal, Brazil, Malaysia, Vietnam, Colombia, and others, with the number of international students studying in Australia totalling over 790,000 for the January-July 2024 period, according to the Australian Government Department of Education.

Access world-class education

For many aspiring international students, the primary challenge lies not in their academic potential but in securing the necessary funds to fulfil their educational aspirations. Prodigy Finance makes it possible for students to transform their Australian postgraduate study dreams into reality, providing accessible education loans for their education. International students can access student loans designed to cover tuition and living expenses without the need for a cosigner or collateral.

What to know about studying in Australia

When it comes to postgraduate studies, Australia offers a range of options, including master's degrees, doctoral degrees, and graduate certificates and diplomas. These programmes are designed to provide students with advanced knowledge and skills in their chosen field. They are often research-based, giving students the opportunity to contribute to the knowledge base in their area of study.

When choosing a master's degree programme in Australia, students can choose between a taught master's degree and a research master's degree. 

• A taught master's degree is similar to a bachelor's degree in that it involves lectures, seminars, and some compulsory modules. This type of programme is ideal for students who are working towards a specific career and want a more hands-on approach.

• On the other hand, a research master's degree requires more independent study, with very few classes. Students are expected to work on a research project with the help of a supervisor. This type of programme is ideal for students who are working towards a PhD or want to work within academia.

Master's degrees in Australia are typically assessed through a combination of exams, assignments, and a mini-thesis. However, for research-based master's degrees, students are required to conduct independent research with the help of a supervisor and submit a dissertation for examination. This is sometimes called a MRes degree or MA by research.

What are some of the benefits?

• Cutting-edge research: Many Australian universities offer world-class research facilities and funding opportunities and can be a compelling destination for international students. 

• Post graduation opportunities: After completing their studies, international students can apply for a Temporary Graduate Visa (subclass 485), allowing them to work in Australia for up to 4 years.

• Global exposure: Australia is a multicultural country. Many Australian universities place a strong focus on diversity, providing international students with an insight into working with people from different cultures and ethnicities.

• Connect with industry leaders: In Australia, many universities are renowned for their leading experts and professionals in various fields. This provides international students with the opportunity to network with experts and build their professional connections. 

• Improved English language: English is Australia's official language. By staying and studying in the country, students can significantly enhance their language skills and communicate more effectively.

Prodigy Finance also has strategic partnerships with the following Australian universities:

• Australian Catholic University

• Australian National University

• Deakin University

• Edith Cowan University

• Griffith University

• James Cook University

• Macquarie University

• Swinburne University of Technology

• University of Canberra

• University of Melbourne

• University of New England - Australia

• University of Sydney

• University of Tasmania

• University of Technology Sydney

• University of Western Australia

• University of Wollongong

• Western Sydney University

Looking for more schools? Explore our expanding list here.

Securing your admission

For international postgraduate students in Australia, admission requirements vary depending on the course and institution. When applying to highly competitive universities or colleges, it's essential to have a strong academic background and submit all necessary documents to highlight your qualifications and potential.

Here are some general standards that are commonly expected:

• Completion of an undergraduate degree (or equivalent) from a recognised institution.

• High-level English language proficiency through tests like IELTS, TOEFL, or PTE Academic.

• Some universities may also require GRE or GMAT scores, particularly for business-related programmes.

• Additional qualifications, such as prior knowledge in certain subjects, work experience, or successful completion of an audition, portfolio, test, or interview, may be required for some schools or courses.

• Meeting character and health requirements and having acceptable Overseas Student Health Cover (OSHC) for an Australian student visa.

General requirements

• Letters of recommendation

• Statement of purpose or letter of motivation

• College or school transcripts

• Completed application

• Valid passport and visa

• Financial support

Secure a loan designed for international students and focus on what matters most - your studies. Join a community of over 40,000 master's students who have financed their education with Prodigy Finance.

“With Prodigy Finance’s help, I am finally pursuing my Master’s in Data Science in Australia. The future feels full of opportunities.”

William Babu B, Andhra Pradesh, India

*Loan and promotion offers are subject to our eligibility, funding, and credit assessment criteria.

*Loan amounts are subject to the cost of attendance limits set by schools.13.41% APR representative variable, based on a total credit amount of USD 42,000 (USD 40,000 amount borrowed + 5% admin fee), repayable over 150 months at a variable interest rate of 12.36% (7.3% fixed + 5.06% variable). Monthly repayment of USD 804. Total amount payable USD 96,500.