In 2025, the international student loan company Prodigy Finance is making a daring move to help Indian students who want to study overseas. They were awarded a substantial USD 310 million grant by the U.S. International Development Finance Corporation (DFC) in November 2024. This funding is a significant step towards Prodigy Finance’s goal of increasing educational accessibility by enabling students from Prodigy-supported areas to pursue higher education at Prodigy-supported institutions.
This money is being used by Prodigy Finance in ways that have an impact. 50% of the financing goes to people from low- and lower-middle-income nations, and at least 30% goes to women.
“At Prodigy Finance, we believe education is the most powerful tool for change,” said Sonal Kapoor, Global Chief Business Officer at Prodigy Finance. “This new funding enables us to expand our reach, empowering even more students, particularly women and those from underserved communities, to achieve their dreams. Indian students have always been a key part of our mission, and we are committed to removing financial barriers that stand in their way.”
In addition to India, Prodigy Finance has made education more accessible worldwide, helping students in Africa and other parts of the world. No matter their financial situation, students from a wide range of socioeconomic backgrounds can now connect with prestigious universities thanks to Prodigy Finance’s education loans, scholarships, and customised assistance programs.
In addition to funding education, Prodigy Finance addresses the worries of families looking for solutions to lessen the burden of student loan debt. The company has mostly provided no-cosigner and collateral-free loans since its founding, allowing students to obtain funds based on their potential for the future. However, Prodigy Finance has implemented co-signer-based loans for Indian resident students in recognition of the needs of Indian parents, including single parents who want to support their children’s education. This creates a balanced approach to education funding by enabling families to contribute while guaranteeing students maintain their financial independence.
Students like Prachi Mahapatra, a dedicated STEM student whose father, a retired Air Force officer, wanted to assist in funding her education, served as inspiration for this effort. Prachi was determined to pay for her education on her own, but Prodigy Finance gave her the support she required. She achieved success in her sector of cybersecurity as a result. She is currently developing threat modelling, XDR, and quantum cybersecurity services and solutions, and her creative cybersecurity concepts are significantly boosting the US economy. In an effort to honour Air Force personnel’s daughters on International Women’s Day 2025, the Air Force Association, Odisha, India, has recognised her outstanding achievements. This honour demonstrates how financial assistance may enable gifted people to achieve their objectives and leave a lasting impression in their fields. Tales like Prachi’s demonstrate the transformational potential of education as Prodigy Finance continues its $310 million investment.
Prodigy Finance hopes to grow this year by entering more courses and colleges with the help of this investment. This project moves Prodigy Finance one step closer to guaranteeing that all gifted students have the chance to thrive on the global scene, irrespective of their educational preferences or financial situation.
