Funding options
Education loans
Rates ■ Interest rates vary depending on individual applicants. Once you have accepted your place at WBS, you can apply directly through Prodigy’s online platform. The loan amount is capped at 80% of the cost of attendance (tuition fee minus the initial deposit paid and minus any scholarships). The loan can be used for tuition fees only and does not include living expenses. See more detail about the terms and conditions, and how to apply for a loan on Prodigy’s website. Why choose Prodigy? ■ 150 nationalities covered ■ Competitive interest rates ■ No collateral or guarantees required ■ Easy online process ■ No repayments while you study Prodigy Finance Ltd is incorporated in the United Kingdom (Company Number 05912562) and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713. Prodigy’s registered address is Palladium House 1-4 Argyll Street, London, W1F 7LD Lendwise Lendwise is a UK-based specialist loan provider dedicated to education finance for students who are looking to fund their studies at world class universities and business schools. Lendwise takes a holistic view of a student’s profile, which includes assessing their future earnings potential as well as, where relevant, academic and work experience track record.
Eligibility ■ UK-domiciled students (any nationality), EU and North American students. All other nationalities are assessed on a case-by- case basis. ■ New and continuing students are eligible to apply. ■ Full-time MBA, Accelerator MBA, Executive MBA, and Global Online MBA applicants are all eligible for support from Lendwise. Rates and application procedure ■ Interest rates are fixed for the entire duration of the loan and full-time programme students have access to a grace period that allows for repayment to start after graduation. Rates depend on an applicant’s overall profile, and the application process is entirely online. ■ You can borrow in GBP for the full cost of attendance (tuition fee minus the initial deposit paid and minus any scholarships). See more detail about the terms and conditions, and how to apply for a loan on the Lendwise website. Why go with a Lendwise loan ■ Competitive interest rate that is fixed for the entire duration of the loan ■ No collateral or Co-signer required ■ Easy and quick online application ■ No repayments while you study (full-time courses) ■ No penalties/fees for over or early repayments Lendwise Ltd is incorporated in the United Kingdom (Company Number 10466048) and registered with the Office of the Information Commissioner (Reg. No. ZA281795). Lendwise Ltd is authorised and regulated by the Financial Conduct Authority (firm registration number 782496).
Postgraduate Loan for a Master’s Degree As a Full-time MBA applicant, you can apply for a Postgraduate Master’s Loan as a contribution towards your course and living costs. Postgraduate Loans have to be paid back. If you have a disability, including a mental-health condition or specific learning difficulty, such as dyslexia or dyspraxia, you might be able to get Disabled Students’ Allowances (DSAs). DSAs don’t have to be paid back. Postgraduate students can apply for DSAs even if they aren’t eligible for a Postgraduate Loan. Eligibility Whether you’re eligible for a Postgraduate Loan depends on: ■ If you’ve studied on a postgraduate course before ■ Your age ■ Your nationality or residency status ■ You can find the full eligibility criteria on the gov.uk website. If you’re studying full-time the course can last for one or two years. If you’re studying part-time you can study for two years (for the equivalent one-year full-time course) or up to four years (for the equivalent two-year full-time course).
Applications To make your application visit:
The sources set out here are those which have been brought to the attention of the University as being specifically designed for/aimed at MBA students. They are not exhaustive - other funding sources and products may be available. The University does not specifically recommend or endorse these sources/ products and the content set out here has been provided by the relevant funding provider and is not independently verified by the University. You should consider sources and types of funding carefully and ensure that it meets your precise needs - not all funding is appropriate for all students. Prodigy Finance Loan Prodigy Finance offers alumni-funded loans to international students at the world’s top business schools, including Warwick Business School. While banks base their loan decisions on historical salaries, Prodigy looks to the future and assesses applicants’ future earning potential (based on the past achievements of similar graduates) to determine loan affordability. Their international model allows them to offer competitive rates to over 150 nationalities of students. Eligibility ■ Candidates on our Full-time MBA, Accelerator MBA, and Executive MBA are eligible for a loan with Prodigy ■ UK, EU and International students.
For further information please visit
W warwick.ac.uk/services/ academicoffice/funding/ fundingyourstudies
W gov.uk/masters-loan
FAQ Q. Can I apply for a Postgraduate Loan from the Government? A. Full-time MBA students can apply for a Postgraduate Loan from the Government. Students on the Executive MBA, Accelerator
Here are our top tips: ■ You do not need to have a guaranteed place on the course to apply for a Postgraduate Loan. If your plans change before you are due to start, you can easily cancel or amend your application ■ You should make your application as early as you can to ensure your assessment is made by the time you start the course ■ You’ll only have to apply once, even if your course is longer than one year.
MBA, and Global Online MBA are not eligible for the Postgraduate Loan.
Q. What other sources of funding are available?
A. Other sources of funding you may consider include scholarships, seeking funding from your employer and personal resources.
18
The Warwick MBA 2025
warwickmba.com
19
Made with FlippingBook Learn more on our blog