Sometimes we won't be able to offer the full amount you've requested for your loan. When this happens, we'll share the amount we can offer and will ask you to make up the difference using non-debt funds.
What are Non-Debt Funds?
If this is the case for you, we'll ask for an increase in non-debt funds - above what you've already included in your application.
"Non-debt funds" refer to any source of funding you're not required to repay.
What can I provide as proof of non-debt funds?
Here are some examples of non-debt funds:
- Contributions from your family and friends
We ask for these types of funds to ensure that you won't be overburdened with debt when you graduate from your masters.
If you want any information related to the Prodigy Finance supported schools before you make your decision, or if the question is simply, “What loans am I eligible for?”, simply check out one of our Support pages or visit our Study Centre to read more about how Prodigy Finance can help you in the next stage of your career journey.
Also, if you have some questions about Prodigy Finance charging any hidden fees, whether your full cost of studies will be covered, whether forex rates will affect your interest, or if you’ll receive a tax break or not, here is an article that provides as good a Prodigy Finance review as possible.
For any other information about Prodigy Finance, or our student loan process, feel free to browse through our site or register for a webinar to have your questions answered by one of our team members before you apply for our student loan.