Prodigy Finance Announces $5,000 Scholarship for January 2025 Intake: Here’s What You Need to Know
For many students, funding education outside the country can be what separates one decision from another. Prodigy Finance is now offering a $5,000 scholarship to January 2025 intake students, so how great of an opportunity does this new scholarship provide for funding one student’s study? Here’s everything you need to know about this scholarship, including eligibility criteria, application deadlines, and how to apply.
What is the Prodigy Finance $5,000 Scholarship?
Prodigy Finance, an education loan provider specifically for international students, recently instituted a seasonal scholarship to assist high-potential students in cutting through financial barriers that precede higher education. One student entering the university in Spring 2025 will win a $5,000 scholarship, so long as he or she demonstrates academic brilliance with strong potential for positive change in his or her community.
As reflected by Sonal Kapoor, Global Chief Commercial Officer of Prodigy Finance: “By sponsoring this $5,000 scholarship award, we are proud to celebrate the students who will work hard to defeat financial obstacles and use their education for the greater good.”
Eligibility criteria
Prerequisites to avail the $5000 Prodigy Finance scholarship
The applicant, to be eligible for the $5000 scholarship from Prodigy Finance, needs to fulfil all the criteria mentioned below.
Having received an offer to join a Prodigy Finance-funded program: Students must have been offered admission to a higher education program that is being Prodigy Finance-backed and commencing in the Spring 2025 academic intake.
Strong commitment to community impact: The scholarship is targeting committed applicants who will use their education to make a meaningful difference in their communities.
Essay answers: An application fee is required with the submission of essay-type answers in which applicants demonstrate their vision for positive impact and how they will make this difference using their education.
Important Dates and Application Process
The Prodigy Finance $5,000 scholarship application is not complicated, but a thoughtful preparation will be needed. Here’s how you can apply:
Application period: Applications are now open from September 2024.
Application deadline: The deadline for submission of applications is September 30, 2024, by 8:00 AM EST.
Selection process: Selection of the recipient will be done by a panel of judges who shall judge all entries submitted based on responses to essay questions from the applicants. One who shows the highest possibility of making a greater impact and has also achieved most academically related to the current waged struggle will be selected.
Announcement date: The date for the announcement of the selected recipient is October 15, 2024.
How to Maximise Your Chances
To boost the chances of winning the $5,000 scholarship, here are some tips to follow:
Be clear and specific: Clearly outline your vision for community impact with essay responses that explain how your education will help achieve this goal.
Show cases of leadership: What leadership roles have you undertaken that reflect your commitment to making a positive difference in your community.
emphasise academic achievements: while this scholarship is actually targeting community change, it is still a bonus because your application becomes stronger with good academic performance.
Why Apply for the Prodigy Finance Scholarship?
Winning that $5,000 Prodigy Finance scholarship not only implies financial aid but also recognises our potential to bring change to the world and allows us to highlight dedication to academic excellence. It further underlines Prodigy Finance’s aim of supporting students from all walks of life who have a passion for changing the world for the better.
Conclusion
If you are one of the students who are planning to go abroad to university in Spring 2025, the scholarship of $5,000 by Prodigy Finance may prove to be a lifeline that can help you to push through financial complications and help your academic and community-driven vision. Apply before 30th September 2024.
