Aug
20
Lender to Foreign Students Raises $40 Million in Financing
ByAs American universities’ interest in courting international students intensifies, an online lender that caters to them has drawn significant new financing.
Prodigy Finance, the lender that makes loans to international postgraduate students, said on Sunday that it had raised $40 million in new equity financing. It also said it had secured a $200 million credit line from an undisclosed bank.
The new financing comes at a time of keen interest in international students among American universities — and a decline in applications from those students that has begun to unnerve educators…
Lender to Foreign Students Raises $40 Million in Financing
