Exactly how in the world college students are able to afford a beneficial $95,100000 Canadian MBA
Loan providers for example Prodigy Finance just money overseas students, nonetheless they together with deliver a part benefit to Canadian providers colleges – a diverse class room
Camila Mendes, on this lady Mississauga flat, credit the british-dependent post graduate financial institution, Prodigy Loans, that have providing her the chance to reach Canada from their native Brazil and you may go after a beneficial MBA regarding Queen’s University into the 2016-17. Glenn Lowson
Camila Mendes is actually thirty years dated within the 2017 when she gone from their indigenous Brazil to help you Canada to do their MBA. Immediately following six years which have a major Brazilian technologies business, dealing with many techniques from condominium framework so you can Rio de- Olympic business, she got a small nest-egg and you can a powerful credit history.
“The original problem is the rate of exchange,” Ms. Mendes says. “I ended up selling my vehicle and you may what i was required to support the MBA, however the Brazilian money merely doesn’t have the brand new to buy strength.”
In the place of property to hold once the guarantee, there just just weren’t any lenders inside her home nation ready to front the cash requisite.
This lady saving grace came whenever advisers during the Queen’s told her on Prodigy Finance, an uk-mainly based bank worried about global pupils studying at top business, engineering and you can law colleges. Prodigy’s underwriting design is different: As opposed to assess a student’s earlier in the day credit rating and collateral, it looks at their believed coming making possible, in accordance with the earlier in the day abilities away from alumni regarding system inside the matter. Read more →