Once you have signed your loan agreement, you will need to provide your official tuition disbursement schedule. This must include the tuition fee amounts and the corresponding disbursement dates
Why is this needed?
After you sign your loan agreement, you will see a task on your Prodigy dashboard prompting you to schedule your tuition disbursement. You will need to:
- Enter your student ID number
- Select your preferred disbursement dates
- Enter the tuition amount for your current study period
- Upload an invoice or billing statement confirming the amount
Note: You only need to enter the amount for tuition. If your loan includes living expenses, how they’re paid depends on your country of study. Read more here
Once your details and document are submitted, our team will review and verify the information. If all is in order, we’ll disburse your tuition on the date(s) you selected.
What documents can I provide?
You can upload either of the following:
- Invoice or billing statement from your University
- A screenshot from your university portal that confirms the tuition fees due for your application period
What needs to be on the document?
Make sure your document clearly shows:
- Your full name
- The name / logo / URL of your university
- Your student ID
- The amount needed for the application period of your studies
What dates and amounts do I need to input?
You can split your tuition across up to three disbursement dates. For each one, the amount should match what is due at that time.
When choosing dates, make sure they:
- Fall on a Friday
- Are at least 7 days in the future
- Are no earlier than 30 days before your academic period starts
- Are no later than 10 months after your academic period starts
- If your tuition fees need to be split, they should be spaced at least 30 days apart
Note: Your requested dates are subject to verification. We may not be able to proceed with the exact dates selected if your documents or timeline do not meet our requirements.
For quick answers about Prodigy Finance, fees, funding limits, exchange rates, tax implications and more, read through this article for a helpful overview.