Certification is a process in the U.S. created for the purpose of borrower protection. Before a lender can send funds to the school, certification must be completed by.
What does the school do?
The school will check the loan amount to ensure it falls within its funding requirements, and they will look at your total financial profile to ensure that the Prodigy Finance loan combined with other funding sources will cover your tuition and living expenses.
How does it work?
We send your loan for certification to your school around 3 months before your class start date. We use a third party provider, called One Logos who manages the certification with the school. Once the school has certified the loan, we will update your application accordingly.
What are the next steps after certification?
As part of the certification process, your school will set the date and split for Prodigy Finance to send the funds to them. We will then upload some disclosure documents to your online dashboard for you to review, and your final loan agreement will be ready for you to e-sign when you arrive on campus.