7 Best Prodigy loan for International Students: (Best Options)

For international students, securing funding for higher education can be challenging, particularly when seeking loans without a credit history in the U.S. or a co-signer.

Fortunately, Prodigy Finance has revolutionized education loans for international students by offering loans based on future earning potential, removing the need for a co-signer.

This article explores 7 of the best Prodigy loan options for international students, highlighting the details such as loan amounts, interest rates, loan terms, and eligibility requirements to help you make an informed decision.

Best Prodigy Loans for International Students

Loan Provider	Loan Amount	Co-signer Requirement	Interest Rates	Loan Terms	Eligibility Requirements
Prodigy Finance	$10,000 – $100,000	Not required	7.99% – 12.99% (fixed)	7 – 20 years	Enrollment in partner schools
MPower Financing	$2,001 – $100,000	Not required	13.99% (fixed)	10 years	Enrollment at U.S. or Canadian partner schools
Citizens Bank	$1,000 – $150,000	Required	4.44% – 11.74% (variable)	5 – 15 years	Enrollment at eligible schools
Wells Fargo	$3,000 – $120,000	Required	4.24% – 12.99% (variable)	15 years	Valid visa and U.S.-based co-signer
Discover Student Loans	$1,000 – 100% of costs	Required	4.49% – 13.99% (variable)	15 years	U.S.-based co-signer and enrollment proof
College Ave Student Loans	$1,000 – $150,000	Required	5.29% – 13.95% (variable)	5 – 15 years	U.S.-based co-signer and enrollment proof
Sallie Mae	$1,000 – 100% of costs	Required	5.49% – 14.83% (variable)	5 – 20 years	U.S.-based co-signer and valid visa

1. Prodigy Finance

• Loan Amount: $10,000 to $100,000
• Interest Rates: 7.99% to 12.99% (fixed)
• Loan Terms: 7 to 20 years
• Co-signer Requirement: Not required
• Eligibility: Must be enrolled in a partner school (list available on Prodigy’s website).
• Features: Prodigy Finance offers loans specifically tailored to international students, where eligibility is based on the school you are attending and your future earning potential rather than credit scores. No co-signer is needed, and loan amounts are based on the cost of tuition, living expenses, and other educational costs.

2. MPower Financing

• Loan Amount: $2,001 to $100,000
• Interest Rates: 13.99% (fixed)
• Loan Terms: 10 years
• Co-signer Requirement: Not required
• Eligibility: Enrollment at a U.S. or Canadian partner school.
• Features: MPower Financing is a great option for students who do not have access to a co-signer. It provides fixed-rate loans and offers a grace period after graduation. While interest rates are slightly higher, MPower also provides options to build your U.S. credit history and offers flexible repayment plans.

3. Citizens Bank

• Loan Amount: $1,000 to $150,000
• Interest Rates: 4.44% to 11.74% (variable)
• Loan Terms: 5 to 15 years
• Co-signer Requirement: Required
• Eligibility: Enrollment in eligible schools.
• Features: Citizens Bank offers competitive interest rates for international students who have a U.S.-based co-signer. Citizens Bank also offers a range of repayment terms and flexible options, including interest-only payments while in school.

4. Wells Fargo

• Loan Amount: $3,000 to $120,000
• Interest Rates: 4.24% to 12.99% (variable)
• Loan Terms: 15 years
• Co-signer Requirement: Required
• Eligibility: Valid visa and U.S.-based co-signer.
• Features: Wells Fargo offers a range of loan amounts and repayment terms. International students can take advantage of their competitive interest rates, but they must have a U.S.-based co-signer. Wells Fargo also offers a 6-month grace period after graduation, making it a strong option for students.

5. Discover Student Loans

• Loan Amount: $1,000 to 100% of school-certified costs
• Interest Rates: 4.49% to 13.99% (variable)
• Loan Terms: 15 years
• Co-signer Requirement: Required
• Eligibility: U.S.-based co-signer and enrollment proof.
• Features: Discover provides loans with competitive rates and offers multiple repayment options, including deferred payments until after graduation. Their customer service is also highly rated, and the application process is straightforward.

6. College Ave Student Loans

• Loan Amount: $1,000 to $150,000
• Interest Rates: 5.29% to 13.95% (variable)
• Loan Terms: 5 to 15 years
• Co-signer Requirement: Required
• Eligibility: U.S.-based co-signer and enrollment proof.
• Features: College Ave offers a range of flexible repayment plans and a variety of loan amounts. The application process is quick and easy, and their competitive rates and flexible repayment terms make them a great option for international students who have a U.S. co-signer.

7. Sallie Mae

• Loan Amount: $1,000 to 100% of school-certified costs
• Interest Rates: 5.49% to 14.83% (variable)
• Loan Terms: 5 to 20 years
• Co-signer Requirement: Required
• Eligibility: U.S.-based co-signer and valid visa.
• Features: Sallie Mae offers a wide range of loan amounts and repayment terms. They have one of the most flexible repayment options in the industry, including the ability to defer payments while in school. They also offer a 6-month grace period post-graduation.

Quick One: We have other useful loan articles here.

Frequently Asked Questions

Conclusion

For international students seeking funding for their education in the U.S. or abroad, Prodigy Finance offers a unique and accessible option by eliminating the need for a co-signer.

While other lenders like MPower Financing and College Ave also provide competitive rates, Prodigy stands out for its focus on future earnings potential and its partnerships with leading global universities.

Be sure to evaluate each loan provider’s terms, interest rates, and eligibility to determine the best option for your educational journey.