Prodigy Finance Partners with CommonBond to Expand MBA Loan Options for International Students Studying in the US

International students can take out MBA loans at a number of US b-schools, including Wharton, Boston University, Vanderbilt, and more

Prodigy Finance, which provides loans to international students studying in the US, has partnered with CommonBond, a US-based lending platform.

The new partnership will expand MBA loan options for international students doing their MBAs at a select group of US business schools.

Specifically, international students who use the CommonBond platform to look for student loans will be able to secure an MBA loan from Prodigy Finance. Prodigy Finance will determines the terms and conditions.

"International MBA students in the U.S. face a unique set of challenges in financing their degrees, largely due to the shortage of funding options from traditional financial institutions,” according to David Klein, CommonBond’s CEO.

Indeed, most non-US residents will not qualify for federal loans, and usually need a resident co-signer for private loans.

“We understand firsthand just how difficult it is to finance an international MBA, which is why we launched Prodigy Finance eight years ago as a way of offering borderless loans to international MBA students while enabling investors to earn a competitive financial and a social return by investing in these students,” according to Cameron Stevens, Prodigy Finance's CEO.

Prodigy Finance launched in 2007, and has been providing loans to international students doing their MBAs in the US since 2014. Through the Prodigy Finance scheme, international students can apply for MBA loans at a number of US business schools, including:

  • Babson College
  • Boston College - Carroll School of Management
  • Boston University - Questrom School of Business
  • Carnegie Mellon University - Tepper School of Business
  • Columbia Business School
  • Cornell University - Johnson Graduate School of Management
  • Duke University - Fuqua School of Business
  • University of Washington - Foster School of Business
  • Georgetown University - McDonough School of Business
  • Georgia Tech - Scheller College of Business
  • Harvard Business School
  • Kellogg School of Management
  • UT Austin - McCombs School of Business
  • University of Notre Dame - Mendoza College of Business
  • University of Michigan - Ross School of Business
  • New York University - Stern School of Business
  • Ohio State University - Fisher College of Business
  • WUSTL - Olin Business School
  • Rice University - Jones Graduate School of Business
  • University of Rochester - Simon School of Business
  • Stanford University Graduate School of Management
  • Dartmouth College - Tuck School of Business
  • UCLA - Anderson School of Management
  • UNC - Chapel Hill - Kenan-Flagler Business School
  • University of Chicago - Booth School of Business
  • University of California - Berkeley Haas School of Business
  • University of Pennsylvania - Wharton School
  • USC - Marshall School of Business
  • Vanderbilt University - Owen Graduate School of Management
  • Yale School of Management

Comments


Related Business Schools

Los Angeles, California 83 Followers 139 Discussions
Austin, Texas 43 Followers 73 Discussions
Seattle, Washington 32 Followers 28 Discussions
Boston, Massachusetts 79 Followers 200 Discussions
Ann Arbor, Michigan 39 Followers 85 Discussions
Hanover, New Hampshire 16 Followers 49 Discussions
Columbus, Ohio 17 Followers 34 Discussions
Pittsburgh, Pennsylvania 34 Followers 91 Discussions
Rochester, New York 26 Followers 41 Discussions
Houston, Texas 19 Followers 37 Discussions
Babson Park, Massachusetts 24 Followers 74 Discussions
Atlanta, Georgia 14 Followers 29 Discussions
Nashville, Tennessee 14 Followers 32 Discussions
Durham, North Carolina 49 Followers 98 Discussions
Los Angeles, California 99 Followers 117 Discussions
Stanford, California 89 Followers 166 Discussions
New Haven, Connecticut 42 Followers 60 Discussions
Washington, District of Columbia 24 Followers 55 Discussions
Evanston, Illinois 67 Followers 197 Discussions
Notre Dame, Indiana 13 Followers 39 Discussions
Boston, Massachusetts 154 Followers 97 Discussions
St. Louis, Missouri 8 Followers 23 Discussions
Ithaca, New York 82 Followers 128 Discussions
New York City, New York 153 Followers 241 Discussions
New York City, New York 165 Followers 242 Discussions
Chestnut Hill, Massachusetts 20 Followers 26 Discussions

More MBA News

Jun 07, 2021

Access Online to Hold Global MBA Online Events in June and July

Jun 07, 2021

More MBA News

MBA Articles

Does it Make Sense to Apply for an MBA in a Pandemic?

Jun 09, 2021

The MBA market rebounded strongly after coronavirus hit employment, but the economic outlook is now looking much brighter

MBA Programs Nurture the Human Side of Leadership

May 20, 2021

Employers nudge business schools to focus on social and emotional skills such as empathy and emotional intelligence

Pandemic Stalls Progress on Gender Balance at Business School

May 12, 2021

Increased interest in MBA programs, across the board, is raising concerns that progress could go into reverse

More Articles

Related Top 10 Lists

More Top 10 Lists