MPower Financing or Prodigy Finance: Which to choose for studying abroad?
MPower Financing Ideated with an aim of removing the financial obstacles faced by students when pursuing international education, MPower Financing has helped thousands of students achieve their study abroad dreams. A major player in the international education loan sector, MPower is dedicated to making a positive impact in the world that goes beyond accomplishing our financial and strategic goals. With no requirements of a cosigner or collateral, they help support a student’s independence in the most easy and affordable way. When considering MPower vs Prodigy Finance, it’s clear that MPower Financing offers education loans at fixed and competitive interest rates that never increase, providing affordable funding. They also provide a complimentary visa support letter and visa prep course. With a smooth loan processing system, MPower Financing stands as a key payer preferred by most of the students aspiring to study abroad. Prodigy Finance With a philosophy that funding shouldn’t be a barrier to education, Prodigy Finance has helped over 40,000 students fund their higher education abroad. With a quick and easy loan application process, Prodigy Finance helps students travel across the world to get a top-tier master’s degree without the stress of a cosigner or collateral or any hidden costs. You can now secure a pre-approved student loan of up to $220,000* smoothly and affordably with Prodigy Finance’s smart and seamless financing. Comparing International Education Loans by MPower Financing and Prodigy Finance Being the top players in the industry, both, MPower and Prodigy, provide loans in foreign currency,include zero exchange rate costs, don’t require collateral or cosigners for securing a study abroad loan, but focus on the student’s future earning potential, with an option to directly disburse the loan amount to the university. Both the lending institutions are similar in terms of the loan amounts offered and the origination fees charged, but let’s assess the differences in their interest rates, eligibility, and other factors to make the best choice. Basis of Difference MPower Financing Prodigy Finance Loan Amount 100% of cost of education 100% of cost of education Interest Rate 12.99 – 15.99%* 11 – 14%* Interest Type Fixed Means your rate won’t change and your payment will remain the same even in a rising interest rate environment. Fixed & variable Means your rate fluctuates based on market conditions, causing monthly payments to change over time. Interest Rate Discount 0.25% for signing up for autopay Nil Countries Covered Canada and United States of America (USA) Australia, Belgium, Canada, China, Denmark, France, Germany, Hong Kong, Italy, Netherlands, Portugal, Singapore, South Africa, Spain, Switzerland, United Arab Emirates (UAE), United Kingdom (UK), United States of America (USA) Courses Covered All courses covered Only Master’s in STEM courses as well as Business, Law, Public Policy, Health Sciences and Economics are covered Number of supported universities Over 400 universities Over 1500 universities Loan Term Upto 10 years Upto 20 years Eligibility Undergraduate or graduate students within 2 years of graduating or about to begin a 1-year or 2-year program Graduate students willing to study in the countries and universities supported by Prodigy Application Process Online application, relativelystraightforward Online application, detailed process Repayment Flexibility Options for adjusting terms Flexible repayment plans available Interest Rates on Study Abroad Loans by MPower Financing and Prodigy Finance While both the lenders offer students support in terms of 100% of the cost of their education, MPower Financing’s lowest available interest rate is 12.99% (13.98% APR), and the average interest rate for loans is 14.99% (16.04% APR). The interest rate you qualify for will be a fixed rate and will not increase for the life of the loan. MPOWER charges an origination fee equal to 5% of the loan amount, which is automatically added to the borrowed amount, eliminating any hidden or out-of-pocket fees, and also offers borrowers a way to qualify for a discount; a 0.25% rate discount is possible by making your loan payments through automatic withdrawal from your bank account. On the other hand, Prodigy Finance’s interest rates are variable, and are made up of two components, a fixed margin and a variable benchmark rate. Students can secure their international education loans from Prodigy, starting from 5.25% fixed + 5.34%* variable interest rate. Prodigy Finance charges a processing fee of up to $100, payable when the funds are matched to the loan application to reserve your funds, and before your loan is finalised. They also charge an admin fee for each loan issued. The admin fee is up to 5% of the total loan amount. This fee is added to your loan amount when the loan is issued and spread across your monthly payments- you’re never required to pay this fee upfront. Countries Covered for Study Abroad Loans by MPower Financing and Prodigy Finance While MPower Financing helps you secure student loans for your abroad education in the US orCanada, Prodigy Finance supports students aspiring to attend 1733 schools, 483 universities in 19countries, including Australia, the UK, Canada, the US, Germany, France, the UAE and many more. Eligibility Criteria for Education Loans by MPower Financing and Prodigy Finance An education loan from MPower Financing can be ensured, if you meet the following criteria: For the United States: You must be enrolled in a MPower eligible school. For Canada: You must be enrolled in a MPower eligible school. To determine if you’re eligible for a study abroad loan, Prodigy Finance mandates three requirements (subject to affordability check): If you meet these criteria, you will be able to complete a quick online application and get a quote from Prodigy Finance. In most cases, the quote is received immediately. It will include the amount you qualify for, the interest rate, loan term, and any fees that will apply. Education Loan Application Procedure for MPower Financing and Prodigy Finance MPower Financing’s straightforward loan application process focuses on verifying eligibility andensuring that you can finance your education effectively. Here’s a step-by-step guide to MPower’s Application Process: Prodigy Finance’s smooth online loan application procedure seamlessly ensures a student’s studyabroad dream is realised. Here’s
Top Universities to Study in UK in 2024
Are you a true Harry Potter fan wishing to study at Hogwarts? Well, it’s time to write your own magical story at the top universities in the UK! The UK boasts a wide array of prestigious educational institutions renowned for their exceptional establishment in the academic field. With campuses that feel nothing less than castles, the perfect study weather with rainy days, and the British accent, of course, you are going to love the UK’s foggy streets! Prepare to swap your masala chai with English tea as we run through the top 10 universities in the UK as of 2024, where you can pursue the course of your dreams! UNIVERSITY TOP COURSES FEES(1st year tuition fee) University of St.Andrews 1. InternationalRelations MA(Honours) 2. ComputerScience (MSc) INR9.01L – 38.97L University ofOxford Oxford MBA INR13.39L – 81.93L University ofCambridge 1. BA (Hons)Economics 2. BA (Hons) Law INR23.2L – 72.01L London School ofEconomics andPolitical Science BSc Economics INR17.67L – 46.89L Imperial CollegeLondon 1. MechanicalEngineering 2. MBBS/BScMedicine INR15.6L – 64.18L UniversityCollege London Science &TechnologyLaw LLB INR16.75L – 60.22L DurhamUniversity BA EnglishLiterature INR14.22L – 36.53L University of Bath 1. ManagementBSc (Hons) 2. Humanities INR7.83L – 39.13L University ofWarwick 1. WMG 2. MBA 3. Politics andInternationalStudies BA INR19.62L – 56.09L LoughboroughUniversity ArchitectureBArch INR8.85L – 33.4L Whether your dream university lies in Amsterdam or London, at Lorien, we assure you guidance throughout your journey! From counselling sessions that help you determine the right course and university, to tracking your application, to funding your education, to assistance in the visa process and test preparations, Lorien experts will always be by your side!Contact us for a free counselling session over high tea!
Top Courses to Study in UK in 2024
Has London Thumakda inspired you to visit the UK? Well, if you’re a student willing to fly to the UK to pursue higher education, you’ve landed at the right spot! Completing your degree with a blend of traditions, innovation, rich heritage, and multicultural environment: that’s what studying in the United Kingdom offers! Let’s unveil some of the hottest courses in demand in the UK in 2024! From potion brewing to code wizardry, here’s an enchanting list that promises to ignite your passion for a successful career. So, grab your virtual backpack and dive with us into the world of academic excellence! Why study in the UK? The UK has been considered one of the top destinations for Indian students aiming to study abroad. From well-established prestigious universities, out of which 4 stand tall in the top 10 universities in the world, to affordability in tuition fees and numerous grant opportunities, to supportive student-friendly policies for Indian students, the UK is a complete package! Not to miss the scenic places you can visit! Top Courses to Study in the UK When choosing the best course for yourself, don’t just restrict your parameters to your interest and passion, but research the best offerings as per the country and courses that can generate a higher Return On Investment (ROI). Some of the courses in the UK offering excellent career opportunities are: Medicine Considering the provision of healthcare to its citizens, Medicine is the most demanded course in the UK. The country is renowned for its investment in medical research and attracts thousands of international students to pursue medical degrees at the top medical universities. A healthcare degree with any specialisation in the UK ensures excellent prospects for the future, with doctors being the best-paid professionals in the country. India recognises the Medicine degrees earned in the UK, allowing graduates to practice in India. Eligibility: High A-level grades in science & completion of UKCAT or BMATAverage Tuition Fees: £30,000 – £50,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUN Business Analytics One of the best courses to study in the UK, Business Analytics, revolves around analysing data sets, extracting insights, and making informed decisions. The UK has witnessed an increasing demand for business analytics professionals required by start-ups and well-established businesses.Eligibility: Bachelor’s degree in any relevant field and high scores in IELTS, TOEFL, or PTE as required by the universityAverage Tuition Fees: £18,000 – £38,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES Management A comprehensive education in various business areas, including marketing, finance, operations, investments, administration, strategy, and leadership skills, is most sought after in the UK. These programs are designed to equip students with the knowledge and skills needed to excel in dynamic and competitive business environments. As a bonus, many business programs in the UK offer placements with internationally renowned companies.Eligibility: English language tests such as IELTS, TOEFL, or PTE with above-average scores.Average Tuition Fees: £40,000 – £1,00,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES Information Technology and Computer Science With the world going digital, businesses are stepping into the digital world with enhanced online marketing strategies. The need for skilled computer science and information technology professionals is on the rise like never before. Pursuing a degree in this field in the UK will benefit you from top-notch teaching methods, one-on-one mentoring, and hands-on teaching with practical application at par with current industry standards.Eligibility: English language tests such as IELTS, TOEFL, or PTE with above-average scores.Average Tuition Fees: £12,000 – £45,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES Nursing As defined by the NHS, nursing encompasses four primary areas: adult nursing, child nursing, mental health nursing, and learning disability nursing. All four areas are equally important, making nursing one of the most popular subjects in the UK. This diverse field equips students with vital skills, including patient care, effective communication, critical thinking, and essential medical procedures.Eligibility: English language tests such as IELTS, TOEFL, or PTE with above-average scores.Average Tuition Fees: £10,000 – £30,200/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES Law UK Law programs provide an intensive and critical understanding of fundamental legal principles and practical skills. Law degrees in the UK are popular though a competitive option for overseas students. With a significant demand for legal professionals, the UK offers diverse law specialisations, allowing students to tailor their education to their interests and career goals.Eligibility: English language tests such as IELTS, TOEFL, or PTE with above-average scores. Completion of LNAT.Average Tuition Fees: £10,000 – £45,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES Construction Management and Architecture Master the art of architectural design and gain expertise in construction materials, project planning, and cutting-edge technologies. Your education will extend beyond classrooms through practical workshops and real-world projects, providing you with invaluable hands-on experience. The demand for skilled professionals who can merge architectural innovation with sustainable construction practices has never been higher.Eligibility: English language tests such as IELTS, TOEFL, or PTE with above-average scores. A bachelor’s degree in a relevant field. A portfolio of work to showcase design skills and creative ability.Average Tuition Fees: £15,000 – £40,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES Engineering A realm of boundless possibilities: engineering offers a ticket to a world of innovation, problem solving, and global opportunities. With a whopping 37 different streams, including Civil, Mechanical, and Software Engineering, get spoilt for choice when it comes to specialisations in engineering. In England alone, the engineering-led industry contributes about 40% of its GDP, forming a major chunk of its national economy.Eligibility: English language tests such as IELTS, TOEFL, or PTE with above-average scores.Average Tuition Fees: £15,000 – £32,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES Fashion and Interior Design Studying fashion in England prepares students for success in the highly competitive and continually evolving world of fashion and design. Students are provided with a comprehensive introduction and understanding of the design process while encouraged to grow their style. Known for its influence on the global fashion and interior industry, many courses in the UK offer internships and work placements, along with regular industry visits.Eligibility: English language tests such as IELTS, TOEFL, or PTE with above-average scores.Average Tuition Fees: £10,000 – £30,000/year POPULAR PROGRAMS TOP UNIVERSITIES CAREER OPPORTUNITIES
Top Universities in the US 2024
“America is a canvas of endless colors, a symphony of diverse voices, and a story of infinite dreams waiting to be written.” – Maya Angelou Are you ready to buckle up for the most thrilling academic journey of your life as you prepare to study in the land of stars, stripes, and endless excitement-the good ol’ USA? From the glittering streets of Hollywood to the mouth-watering assortment of street food delights on the bustling streets of NYC, to the energetic nights at Time Square, to the sun-soaked vibes at Miami’s beaches, to the epicentre of innovation and exploration – NASA, to world-class Broadway performances, to Disneyland, Silicon Valley and what not, you can experience it all! America is surely a dreamy land! The US is home to some of the best educational institutions in the world, renowned for their exceptional establishment in the academic field. Your college mascot might be a squirrel, but your ambitions would be as big as the Texas sky! Prepare to swap your club sandwiches with hot dogs from food trucks as we run through the top 10 universities in the US, where you can pursue the course of your dreams! UNIVERSITY TOP COURSES FEES(1st year tuition fee) Massachusetts Institute of Technology MS Electrical Engineering & Computer Science MASc Supply Chain Management INR 35L-1CR Harvard University MS Data Science MBA Masters of Law Bachelors in Artificial Intelligence INR 18L-72L Stanford University MS Computer Science MBA INR 31.9L-68.9L University of California, Berkeley MS Computer Science MA Information Management & Systems INR 22.9L-67.6L University of Chicago MS Analytics MS Computer Science INR 47L-67L University of Pennsylvania MBA MS Engineering-Data Science INR 27.4L-70.9L Cornell University MEng Engineering Management MIM INR 17.4L-91.8L California Institute of Technology (Caltech) MS Electrical Engineering MS Computer Science INR 32.83L-50.8L Yale University MS Statistics & Data Science MBA MIM INR 36.4L-66.7L Princeton University Master of Finance MS Computer Science INR 50L-65L Whether your dream university lies in California, Boston, or New Jersey, at Lorien, we assure you guidance throughout your journey! From counselling sessions that help you determine the right course and university, to tracking your application, to funding your education, to assistance in the visa process and test preparations, Lorien experts will always be by your side! So pack your bags, grab your textbooks, and get ready for the adventure of a lifetime. From the bright lights of the big city to the awe-inspiring wonders of nature, the USA is waiting to be explored! Contact us for a free counselling session over some American burgers and some coffee!