Student loan ratings
Private student loan
The bottom line: Prodigy Finance is an online lender offering loans to international grad students. It is best for international students who don't have co-signers.
Private student loan review
Prodigy Private Student Loan
7.52 - 12.00%
- Offers a hard-to-find option: non-co-signed student loans for international students.
- You can see if you’ll qualify and what rate you’ll get without a hard credit check.
- No fixed interest rates.
- Not available to borrowers in all 50 states including: Alabama, Arizona, Arkansas, California, Delaware, Hawaii, Idaho, Indiana, Louisiana, Maine, Montana, Nevada, North Dakota, Oregon, Rhode Island, South Dakota, Vermont, Washington and Wyoming.
Unlike many other international and private loan options, Prodigy requires no co-signer or collateral. Interest rates are determined by a borrower’s future earnings potential as well as credit history.
However, Prodigy Finance should be used only for its primary purpose: fulfilling lending needs for international students. U.S. students have access to federal student loans and can get private loans with better terms and more beneficial repayment options from other lenders. If you're a U.S. citizen in search of a private student loan, you can compare lenders here.
Prodigy Finance's private student loan at a glance
Best for international students without a co-signer or U.S. credit history.
20% of borrowers qualify for the lowest-advertised interest rate.
Borrowers receive, on average, $40,000 in loans.
How Prodigy Finance could improve
Prodigy Finance could improve its private student loans by offering:
Loans to borrowers living in all 50 U.S. states.
Set forbearance and deferment options for borrowers.
Biweekly student loan payments via autopay.
Prodigy Finance private student loan details
How to apply for a Prodigy Finance student loan
You can apply for a Prodigy Finance student loan on its website. Before taking out a Prodigy Finance student loan or any other private student loan, exhaust your federal student loan options first. Submit the Free Application for Federal Student Aid, known as the FAFSA, to apply.
» MORE: NerdWallet’s FAFSA Guide
Compare your international student loan options to make sure you’re getting the best rate you qualify for. In addition to interest rates, look at lenders’ repayment alternatives and the flexibility they offer to borrowers who struggle to make payments.
Student loans ratings methodology
NerdWallet believes the best student loan is one you can repay at the lowest interest rate you can get. That’s why NerdWallet’s student loan ratings reward lenders that offer a variety of loan terms, limit their fees and penalties, and extend borrowers multiple options to avoid default. Points are also awarded for soft credit checks, underwriting transparency and other consumer-friendly features. Use these ratings as a guide, but we encourage you to shop around for the lowest interest rate you can qualify for. NerdWallet does not receive compensation for its reviews. Read our editorial guidelines.