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Student Loans Provider Gives Away $100,000 In Scholarships

Indian student Sudeep Narsipur credits international student loan provider Prodigy Finance for enabling him to pursue his masters at Duke University.

By  

Mon Jun 4 2018

BusinessBecause
Over a decade ago, three MBA graduates from INSEAD began an initiative to make funding more accessible for international postgraduate students attending the world's top universities.

Their platform, Prodigy Finance, has leveraged a community of alumni and other impact investors to provide more than $505 million in loans to over 10,300 students globally.

On its tenth anniversary, Prodigy Finance set up a scholarship program, awarding a total of $100,000 in scholarships to ten MBA and masters students, according to merit, need, and skills-based criteria. Previous recipients have graduated with MBAs from Wharton and Chicago Booth.

Sudeep Narsipur, who recently completed his Master's in Engineering Management at Duke University, secured his funding and a $10,000 scholarship last year. BusinessBecause caught up with Sudeep to find out how Prodigy Finance helped him fulfill his dream to pursue post-graduate management education abroad.


How have you benefited from Prodigy Finance?

Had it not been for Prodigy Finance, I would have struggled to secure a loan for my education.

Education loans available from most banks only cover the complete cost against collateral valued in excess to that of the loan amount, plus interest.

Additionally, the uncertainty in today's job market would have put further stress on me and my family.

Prodigy Finance’s mission of providing funding purely based on merit without collateral reduces stress, as well as my long-term loan costs through reasonable interest rates. The $10,000 scholarship helped to make the whole experience a breeze!

Why do you think it's important that platforms such as Prodigy Finance exist?

It's no secret that millions of highly talented students around the world are unable to pursue their higher education dreams due to unbearably high costs. Global management programs from well-reputed schools are particularly expensive.

A lack of access to timely funding not only crushes their dreams, but also deprives the world of ideas and solutions to complex problems, like climate change.

Platforms like Prodigy Finance help to make funding more accessible, ensuring that those with the will to succeed aren't limited by financial resources. That's a powerful thing, and needs to be made available. 

Why did you decide to pursue a Master's in Engineering Management?

I always wanted to pursue a career in sales and business development in the technology-change management space.

Gaining structured, strategic thinking required to succeed in such roles in intricate business environments is virtually impossible without sound, formal training in core areas like finance, marketing, and strategy.

I wanted to build this foundation in the technology sector, which is even more complex. Completing my Master's in Engineering Management from Duke University has led me in the right direction.

What are your plans for the future?

I plan to specialize in consultative sales within the change management space. Once I gain enough experience, I want to use it to drive large scale sustainability projects, actively working to combat the climate change issues we face today. 

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DU remains one the greatest and best universities that I have ever stepped in. The school is beautiful and neat. The classes are spacious and also very nice. I enjoyed attending my Lectures in those lecture halls. I also loved the Lecturers because of the good work they did. The university also has very good dorms that are given to students on first come first serve basis and they are affordable

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I received my B.S. in Biology and B.A. in Global Health with a minor in Chemistry from Duke University. I was able to grow as a student, scientist, and global health advocate with the help of my friends, professors, and other mentors I met along the way. A lot to learn if you look and ask, a great place to learn for those who want to learn.

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An amazing 2 years, with covid and everything else happening Duke has been a place of growth for me. The courses , classes were one of a kind, online and on campus. But the valuable lessons learned in the classes are irreplicable. The students are amazing here, so much diversity , I had no problem fitting in. The teachers are down right brilliant and so helpful. Don't be afraid to ask them anything. Graduated with my MBA with Duke and now my future awaits.

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Graduated with an MBA. The classes were very insightful and engaging. The staff are very easy to deal with. The teachers and students, are truly amazing people. Grateful to all the people I've met along the way at Duke. I've learnt a great deal that will help me in my future endeavors. The campus itself is a marvel, it is beautiful.

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I graduated with a masters degree in Religious Studies from Duke University. One thing I really liked about the university is its huge campus. It is spread in a large area with a lot of greenery and also have the facilities of reading rooms for single person also. My department building was very well taken care of. The library is immensely populated with books for all your needs. The faculty is very nice to students. The classes are equipped with latest technology to cater the needs of students. The University also provides room rentals for international students. They are very well maintained and priority is given to the International students for a comfortable stay there. There are weekly events conducted by the University as well as Student clubs for the entertainment of students. Anybody can take part in them and show their talents. I enjoyed my degree and I graduated in 2021 and was very happy that I had graduated from a reputed University.

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Duke University is renowned for its rigorous academic programs and vibrant campus life. The university offers a diverse range of majors and research opportunities, supported by world-class faculty. What I particularly liked about Duke was its strong sense of community and the wealth of extracurricular activities available to students. The campus is beautiful, with top-notch facilities and a supportive atmosphere that fosters both personal and academic growth. Overall, I would highly recommend Duke University for its excellent educational offerings and strong alumni network. If you're looking for a place that challenges you academically while offering numerous opportunities for personal development, Duke is an excellent choice.