News COMMONBOND TO EXPAND MBA LOAN CHOICES FOR INTERNATIONAL STUDENTS IN US

CommonBond to expand MBA loan choices for international students in US

14 July, 2015

CommonBond to expand MBA loan choices for international students in US
International students eager to acquire an MBA at an US university will now have extra funding options gratitude to the new joint venture between Prodigy Finance and CommonBond.


Post-graduate overseas students who seek CommonBond for financial support options would find their applications processed by Prodigy Finance, who will start the loan’s rules and regulations.


Initially, Prodigy was expanded by three MBA student graduates in 2007. Foreign investors, subsuming business school alumni, are hired to sponsors the loans. Till date platform has financed $50 million in loans to individuals representing 90 various races.


In 2012, approximately 1 in 8 of the 472,000 students registered in US business schools are from foreign nations. Their financing options are restricted as they do not meet the criteria for federal loans. They require a credit-worthy United States resident to cosign any loan from an American bank.


According to the sources, though it is difficult to finance an overseas MBA, the government has still launched Prodigy Finance 8 years in the past as a path of providing infinite loans to overseas MBA students when allowing investors to attain a viable financial as well as a social return by investing in these students.


Prodigy Finance stated that they are excited to maintain a partnership with CommonBond as it further vision is to create international funding choices for overseas post-graduate students.


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Tags: students, study

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