The Prodigy Finance 'Scholarship' Programme 2018

The Prodigy Finance 'Scholarship' Programme 2018

General 'Scholarship' Programme

• Prodigy Finance borrowers who have reached a ‘loan approved’ status are eligible to apply for a scholarship. Scholarship applicants must be accepted into a school or university in the US, UK, Spain or France to be eligible.
• There are 10 scholarships available as part of the Prodigy Finance 'Scholarship' Programme, valued at US$10,000 each.
• A high test score (GMAT, GRE, LSAT or EA, whichever is applicable) will improve your chances of a successful application. A substantive and well-articulated motivational paragraph will also benefit your application. Only one application per borrower will be accepted and will be eligible for entry for both announcement dates.
• 5 recipients will be chosen on 30 April 2018, and 5 recipients will be chosen on 30 October, 2018. The Women in Tech scholarship recipient will also be chosen on 30 October, 2018.
• The recipients will be notified within 14 days after the assessment dates on 30 April and 30 October 2018.
• General Scholarship and receive the General Scholarship award, you must (1) be 18 years and older, (2) have the legal right to be resident and study in the United Kingdom, the United States, France or Spain for the 2018

Application process:

• To enter the Scholarship programme Candidates must complete the form at https://prodigyfinance.com/community/scholarship-entry by providing (1) their email address (which is the same email address used to apply for a Prodigy Finance loan), (2) the academic entry test type taken as part of their application for postgraduate studies (either GMAT, GRE, EA or LSAT), 3) the test score received, (4) correct answers to the skills based questions, and (5) a motivational paragraph that meets the minimum word count specified and includes substantive motivation for the Candidate to receive one of the ten scholarships. Female Candidates who are studying towards an engineering degree shall automatically be entered into the pool to be considered for the Women in Tech Scholarship. The Scholarship may only be entered once, and multiple applications will not increase your chances to be awarded a Scholarship. Prodigy Finance will only consider the first application submitted by a Candidate and all additional application will be deleted. Applications will open on 20 February 2018 at 8am EST. The assessment process for General Scholarships in 2018 shall take place on two assessment dates (each an "Assessment Date"), being on or about 30 April 2018 (the "First Assessment Date"), and on or about 30 October 2018 (the “Second Assessment Date”). The Women in Tech Scholarship shall take place on the Second Assessment Date. In order to be considered for the First Assessment for the General Scholarship, applications must be submitted by 25 April 2018 at 8am EST and for the Second Assessment for the General Scholarship and Women in Tech Scholarship, applications must be submitted by 26 October 2018 at 8am EST.

Selection process:

• Following the First Assessment Date, 5 General Candidates will be chosen to each receive 1 of the 10 General Scholarships. Following the Second Assessment Date, 5 General Candidates will be chosen to each receive 1 of the 10 General Scholarships and 1 Women in Tech Candidate will be chosen to receive the Women in Tech Scholarship. Candidates for a Scholarship will be assessed by Prodigy Finance following each Assessment Date. Candidates for a Scholarship will be selected from the pool of individuals who completed the entry process as per clause 3 of these Terms and Conditions. Selection will be done by scoring each Candidate based on a combination of (1) academic aptitude (measured by GMAT, GRE, EA or LSAT scores, whichever is applicable), (2) declared salary, (3) advanced rate, (4) minimum loan size, (5) whether a Scholarship has already been awarded to a Candidate at that academic institution from a third party or the school, (6) whether correct answers has been provided in the application form to the skills based questions; and 7) the substantive motivation for the application. Prodigy Finance reserves the right to conduct interviews and/or request additional information from
• Candidates related to their loan. In respect of each Assessment Date, of the 5 General Scholarship Recipients, a maximum of 3 may ordinarily reside or be domiciled in and/or hold citizenship of the same country. In respect of the First Assessment Date, of the 5 General Scholarship Recipients, 3 shall be studying towards a Business degree and 2 shall be studying towards a Non-Business degree (Engineering, Law or Policy). In respect of the Second Assessment Date, of the 5 General Scholarship Recipients, 2 shall be studying towards a Business degree and 3 shall be studying towards a Non-Business degree (Engineering, Law or Policy) and the Women in Tech Scholarship Recipient shall be studying towards an Engineering degree. Only 1 General Scholarship will be awarded per academic institution, and the Women in Tech Scholarship may be awarded to an academic institution which has been chosen for a General Scholarship. Subject to the selection criteria, in the event of a tie, Prodigy Finance shall conduct telephonic interviews with the Candidates and assess and rank their criteria based on the following criteria: (1) financial need, (2) academic aptitude and (3) impact of the Scholarship, should it be awarded.

Our full details are:

• Full name of legal entity: Prodigy Finance Limited
• Email address: [email protected]
• Postal address: Hardy House, 16-18 Beak Street, W1F 9RD, London
• Telephone number: +44 20 7193 2832
• You have the right to make a complaint at any time to the Data Commissioner's Office (ICO), the United Kingdom supervisory authority for data protection issues (https://ico.org.uk/). We would, however, appreciate the chance to deal with your concerns before you approach the ICO so please contact us in the first instance.

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