- Exchange rate fluctuations can sharply raise the cost of studying abroad, making tuition and daily expenses more expensive.
- Prodigy Finance helps mitigate this risk by offering education loans in USD, GBP, and EUR—protecting students from currency depreciation and conversion losses.
- Students who apply by May 31st can save up to 3% on their education loan, and also benefit from features like a grace period and flexible co-signer options.
Fluctuating exchange rates are emerging as a significant hurdle for international students, often disrupting financial plans and increasing the cost of education abroad. Even slight currency depreciation can drastically inflate tuition, housing, and daily expenses—particularly for students from countries with weakening currencies against the USD, GBP, or EUR.
“Students plan carefully and budget smartly, but unexpected currency drops can unravel all their efforts,” said Sonal Kapoor, Global Chief Business Officer at Prodigy Finance. “That’s why we created a loan solution to shield them from this risk.”
Traditional loans issued in local currency expose students to exchange rate risks. If the currency devalues before tuition is paid, students may fall short of funds or face higher repayments—jeopardizing their academic journey.
Prodigy Finance addresses this issue by offering loans disbursed directly in USD, GBP, or EUR, paid straight to universities. This eliminates conversion losses and protects students from currency fluctuations, providing financial certainty from day one.
Interest rates are competitive—up to 3% lower than typical market rates (9.99%–13.25%)—and loans require no collateral or co-signer. A new co-signer option for Indian students offers rates from 8.35%, and all full-time students benefit from a six-month grace period before repayment begins.
With a fully online application process available to students from over 150 countries, Prodigy Finance is making studying abroad more stable, affordable, and predictable—so students can focus on learning, not exchange rates.
