Though Prodigy Finance has now extended over $325 million in student loans, the company began, humbly, over a couple of beers. My INSEAD colleagues and I sat around, nodding our heads in complete understanding as we chatted about the difficulties we experienced in finding the funds to pursue our MBAs.
We weren’t an anomaly. As many as 82% of Prodigy Finance-funded masters students have no alternative sources of educational financing. They’ve been accepted into top universities to pursue advanced degrees with potential for exceptional salaries – and banks can’t take that into account.