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Magdalena1609
Joined: 19 Jun 2020
Last visit: 14 Apr 2021
Posts: 22
Given Kudos: 2
Location: United Kingdom
Schools: HEC Jan20 Intake IMD '21 Erasmus RSM "22 (A)
GRE 1: Q158 V160
GPA: 3.7
07 Oct 2020, 12:01
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Hi all, not sure anyone has applied for financing but it seems they are experiencing some serious problems, and not issuing loans until Jan the earliest (if at all, as they can't clarify at this stage where things might be in Jan).
Is it likely they could go bust? Is it likely there might be no funding at all until late 2021?
Can anyone recommend any other source of financing?
Thank you!
Is it likely they could go bust? Is it likely there might be no funding at all until late 2021?
Can anyone recommend any other source of financing?
Thank you!
07 Oct 2020, 12:11
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Bookmarks
Thank you so much for posting. What kind of issues are you experiencing?
Is this for London-based MBA programs (we had some reports of issues with LBS) or a diff country/location?
Posted from my mobile device
Is this for London-based MBA programs (we had some reports of issues with LBS) or a diff country/location?
Magdalena1609
Posted from my mobile device
Magdalena1609
Joined: 19 Jun 2020
Last visit: 14 Apr 2021
Posts: 22
Given Kudos: 2
Location: United Kingdom
Schools: HEC Jan20 Intake IMD '21 Erasmus RSM "22 (A)
GRE 1: Q158 V160
GPA: 3.7
07 Oct 2020, 12:28
Kudos
Bookmarks
bb
Thanks for your reply.
It is for RSM, and they are aware of what's happening.
The situation is I was planning to cover living expenses using my savings, and then tuition fees through Prodigy Finance. I have already paid 5k EURO registration fee, and my first instalment is due in December, though it now seems unlikely Prodigy will be able to release any funding by then. I can pay for the first instalment using my savings, and then live for a couple of months, but the second instalment is due end of April and I won't be able to cover it...if the funding is not released by then - or at all - my money will of course go to waste.
Unfortunately Prodigy Finance can't provide any further clarification at this stage - maybe December. When I asked them if it is possible there will be no funding, they said they can't clarify now, and what I should know is that there will be no letters until January 2021 the earliest, they will update in due time, they can help me withdraw my application of course and I can seek alternate sources of funding, if I prefer to go down that route.
Having a mild nervous breakdown. Though my situation certainly not as bad as for students who have very limited (or close to zero) savings and waiting for their visas (I don't need the latter)...
