Student financing companies have reported a “massive” surge in international student lending demand, in part because of Covid-19. 

Graduate student loan provider Prodigy Finance has added more than 1,000 new postgraduate courses to its loan offer as it responds to an increase in demand for STEM programs.

Borderless credit platform Prodigy Finance has revealed that since its launch it has funded "$737m in graduate education loans to 14,500 high-potential students from 132 countries".

International students who use Prodigy Finance loans will now have their payments count towards their credit scores meaning graduates will be able secure other loans in the US.

Prodigy Finance has announced a refinancing product for international graduates in the UK or US, which aims to save them at least US$20,000.

Private student finance firm Prodigy Finance has raised US$1bn in the past year, which CEO Cameron Stevens said will allow even more students "with limited or no funding" to take part in mobile study.

Prodigy Finance, a 'fintech' platform dedicated to offering loans and career advice to international students enrolled at top universities, has celebrated its 10-year anniversary in London with the launch of an impact report.

International student loan platform Prodigy Finance has raised $240m to help fulfil its growth ambitions and delve further into the development of new products for international students.