The newest loan’s interest rate, because of the Canadian conditions, was highest, from the 9 %
Loan providers such Prodigy Funds not merely money to another country people, however they along with submit a side benefit to Canadian team universities – a varied classroom
Camila Mendes, during the this lady Mississauga flat, credits the british-founded post-graduate loan company, Prodigy Funds, with offering the girl the opportunity to reach Canada out of the girl native Brazil and you can follow a good MBA away from Queen’s University into the 2016-17. Glenn Lowson
Camila Mendes is thirty years old from inside the 2017 whenever she gone off the woman local Brazil in order to Canada to-do their MBA. Once half dozen years with a primary Brazilian technologies company, working on many techniques from condominium build so you can Rio de- Olympic establishment, she had a small nest-egg and you can a good credit score. However, that wasn’t nearly sufficient to safe that loan to pay for her $95,one hundred thousand tuition during the Queen’s University’s Smith College or university out-of Organization.
“The initial problem is the exchange rate,” Ms. Mendes claims. “I ended up selling my vehicle and you will the thing i was required to contain the MBA, nevertheless Brazilian money just does not have any the fresh new purchasing power.”
Without possessions to hold just like the collateral, truth be told there merely weren’t one loan providers in her own family nation prepared to top the bucks expected. Continue reading Exactly how in the world youngsters are able to afford a good $95,000 Canadian MBA