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Prodigy Finance Student Loans: 2025 Review

Updated on Jan. 1, 2024

At a glance

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3.5
Rating: 3.5 stars out of 5
Bankrate Score
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Repayment Options
Rating: 3 stars out of 5
3.0
Affordability
Rating: 3 stars out of 5
3.0
Customer Experience
Rating: 4.5 stars out of 5
4.5

About Bankrate Score

Lender Details

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Loan amount

$15,000 to total cost of attendance

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APR from

Variable: 5.34%; Fixed: 4.70%

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Term lengths

7 to 20 years

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Funds available in

3-5 business days after matching you with an investor

PROS

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    No co-signer or collateral needed

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    Open to international students

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    Flexible repayment terms

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    Considers factors beyond credit

CONS

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    Not available at every school or state

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    High interest rates

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    No discounts available

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    Loans for master’s degrees only

Loan product Variable rate Fixed rate
Master's student loans Starting at 5.34% APR Starting at 4.70% APR
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Rating: 3.5 stars out of 5
3.5
Bankrate Score
APR from
Variable: 5.34%; Fixed: 4.70%
Loan Amount
$15,000 to total cost of attendance
Min Credit Score
Not disclosed
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Rating: 3.4 stars out of 5
3.4
Bankrate Score
APR from
Starting at 10.89% Fixed APR with autopay
Loan Amount
$2,001 to $100,000
Min Credit Score
Not disclosed
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Rating: 4.8 stars out of 5
4.8
Bankrate Score
APR from
4.64% Variable APR; 3.54% Fixed
Loan Amount
$1,000* to total cost of attendance (some states require a $5,000 minimum to borrow).
Min Credit Score
640
Overall Score 3.5
Repayment Options 3.0 Prodigy Finance can cover up to your total cost of attendance. However, it offers only one type of loan and is available in only 34 states.
Affordability 3.0 Prodigy Finance’s minimum APR is high, especially for a variable rate, though it does not require co-signers. It also charges several fees.
Customer Experience 4.5 While Prodigy offers borrowers an app for managing their loans, it doesn’t specify its customer service hours on its website.
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STUDENT LOAN

Prodigy Finance

Dive into community reviews below and see what others think about Prodigy Finance.

4.3 Star Icon
25 ratings
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Score breakdown
5 stars
40%
4 stars
52%
3 stars
4%
2 stars
4%
1 star
0%
Score by category
Overall rating 4.3 / 5
Fees & closing costs 4.3 / 5
Funding time 4.5 / 5
Customer service 4.3 / 5
Application process 4.3 / 5
Online portal or mobile app 4 / 5
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In July 2024, Bankrate collaborated with a third-party vendor to survey 1.3K loan borrowers nationwide. Bankrate and our vendor collected and summarized borrower responses to five questions on a 5-point scale, three yes/no questions, as well as open-ended reviews of their loan experience. Responses are based on individual borrower’s product details, and therefore cannot be verified for accuracy. User ratings are unedited and have not been reviewed or approved by the associated lenders, nor do these ratings reflect Bankrate’s own expert review of these loan products.

Community Reviews

See what users like you are saying about Prodigy Finance.
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Anonymous Borrower
August 20, 2024
Describe why you selected this lender
A brand that is known for their respective achievements
Loan purpose
New student loan to pay for school expenses
Score by category
Fees & closing costs 5 / 5
Funding time 5 / 5
Online portal or mobile app 5 / 5
Customer service 5 / 5
Application process 5 / 5
Anonymous Borrower
August 20, 2024
Describe why you selected this lender
It was recommended to me by financial aid. It seemed straightforward and had the things I needed it to cover. It was also convenient.
Loan purpose
New student loan to pay for school expenses
Score by category
Fees & closing costs 3 / 5
Funding time 5 / 5
Online portal or mobile app 2 / 5
Customer service 5 / 5
Application process 4 / 5
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