How student loans REALLY work | HIDDEN truths about student loans

Hey guys, in today’s video, I share exactly how student loans work and very important you must have before you sign a loan agreement.
You can check Prodigy Finance here: bit.ly/3HfelCj
Watch this video about how to pay back student loans: • The BEST Strategy for ...
If you don’t have enough cash for proof of funds, you can use a sponsorship letter. Watch how that works here: • How to pay for college...
You can check out other funding videos here: • GRAD SCHOOL FUNDING
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Join my mailing list here: bit.ly/3IOhOYB
Join me on Instagram: / doyindoccom

[@Doyindoccom]

If you need further help and resources, click here: linktr.ee/doyindoccom or check the description of this video

[@tamanjikestin1194]

Thanks for the information. I wish to ask how do you pay back the loan when F1 students only get 20 hours to work weekly and must be an on-campus job?

[@Redditinsights76]

After graduation and you started working that is when you started paying the loan

[@caxandraiwueke5175]

What if they send the cash to the school and your visa was denied? What happens?

[@jolhabolha2620]

hey, i love you hahaha I thought i would never be able to study filmmaking in L.A, now i see that there are options to me and i can totally do this!!! thank you so much, your channel its really helpful

[@Doyindoccom]

Thank you. Glad you find the videos helpful

[@CLEOPHASNKHATA]

As an international student, if you don't get a job what happens to the loan?

[@kelechianozie3755]

If a person start paying back the money after graduation or six months after graduation, won't the interest be too much or even more than the principal money? And if that is the case, the total amount accumulated will be too outrageous

[@okeylivinusonuoha8263]

And secondly you re really doing a good job,keep the good job going ON!🤛

[@kaviyat2701]

I have hearing problem since birth. So attach the subtitle.

[@Sha____]

Hi, please you can turn on the close caption “CC” to view subtitles.

[@Hodarii]

Hi doyin, I wanted to ask, some schools require you pay a deposit and usually prodigy will ask you if you have paid. If no, do you think the loan can cover the deposit? Don’t know if you understand

[@Sarahilal01]

How can I find a lone to pay for film school as all the lone companies only cover university not an academy

[@SharonJebitok.]

Are there student loans programs that fund one-year program Postgraduate Certificate in polytechnics in Canada or must they fund universities only

[@gracegodwin8034]

I stumbled across your page now and I notice you normally talked about loans. Please I want to ask if I study with student loan in Canada, will I be eligible for a postwork graduate permit please

[@AwobajoOladimeji]

Hmmm, good one you are in my mind, please help us with this. thank you

[@millicentaisabor3788]

Please is it possible to get student loan for colleges?

[@paulbatalira329]

I was told I could take loan up to 43000$ from prodigy However my year 1 fees to be released is 22000$, but my interest is above $450 for 20yrs. I am confused with the terms. Do i repay the $450 for the whole 43000$ or only 22000 first deposit?

[@exceedexpectationstourssaf5607]

Hello, sorry but my please help What if you can’t pay your loan after school? By your experience what are the possibility of me getting a job in Canada as international student? As for my case i will need to work so that i can be able to pay a loan and keep studying

[@shotundehannah269]

Hi Doyin…Thanks for this….I intend taking a loan for PGD which I can pay over 10 years ….my question is PGD is a 1 year program….and a 1 year Program would only give me access to 1 year work visa….what do I do to remain in the country for the next 3 years to access my 5 years stay for PR

[@shotundehannah269]

Hi Doyin..kindly respond to the above question….earnestly waiting for your response….thank you

[@Doyindoccom]

Hello, I'd love to help but I'm not an expert on immigration. Won't want to provide inaccurate information

[@shotundehannah269]

@@Doyindoccom thank you

[@mohsinahmed7569]

Okay your staple all help no problem thanks

[@shoremekunyinka9590]

Thanks alot for the video. I want to ask two questions. 1. I want to ask if I can go with my wife and kids if I can show my proof of funds for them. 2. I want to request for the link of the repayment schedule you said in the video. You made mention of compound interest. Thanks

[@Doyindoccom]

I dont understand your first question. If you are traveling with your wife and kids, you have to show proof of funds for tuition AND living expenses for ALL of you. I will share a video on interest rates and compounding

[@BlessingMbaso-gq3ng]

Please how much proof of funds do I need to apply ​@@Doyindoccom

[@industrialelectricalengine7734]

My loan has currently been approved, precisely Mpower financing, is it possible travel with my wife if I have the proof of fund to should for her personally?

[@brightwriter9132]

Hello Sir, do you need to receive admission to the school before applying for a loan? Also, will you be asked to provide proof of funds when applying for a Visa, even when you've already acquired the loan?

[@jesseemordi633]

@@brightwriter9132it’s important to show you still have POF even tho your loan has been approved to not totally depend on the loan

[@dariapodzolkova2681]

Hi! Thank you for your video! Could you please share your experience how you’ve got your visa approved in terms of student loans 🙏🏼

[@oluwasijibomielizabethale4287]

Yes.. We would like to know this.. Thanks

[@graciousesther1671]

I want to know as well...thanks in advance

[@peterokegbe7334]

Does age play a role in student loan

[@WunmiAYENI-f2u]

Can one start repayment while still in school instead waiting after graduation?

[@essienubongetuk8816]

Hi how can I get a study loan for undergraduate program

[@okeylivinusonuoha8263]

Hello,thanks a whole for this clarification and enlightenment. So my question is this..I can see that this video was released during the year April,2022 ,so that this be related to 2023 going into 2024 please?

[@terenciamacfoy6111]

Hi I want u to help me out on my application

[@Nelson_Ndubuisi.]

Is they a loan company i cant get a student loan,to be used to apply for Temporary authorization to stay in the university of Luxembourg? Please any idea

[@jorgecanalesbarrera7090]

THANK YOU very much. Your content is golden

[@onyiugwunwa2328]

Which of the loan company is affiliated with schools in Australia. Secondly, can the loan company supports me, iam not in canada yet am still in my home country

[@michaelnnaji8207]

Please I would like to know if Prodigy or any of the student loan companies are school-selective? That is, is it every school and course they can sponsor?

[@samuelkika6611]

They are school selective

[@tessymoses7636]

Yes ma'am. This information is very helpful 💕

[@PriyankaRani-kw8te]

Hi for a masters program can a pre approved loan by prodigy for the next year be shown as funding for Visa application?

[@olabisiachigbu2258]

Is it possible to get student loan to study a Bachelor's degree programme in Canada?

[@rahimaakhter5185]

Hello, I got a oxford International college ,Halifax CCA program. Can I get any loan to continue the program.

[@tonyonyia7357]

Mpower loan is choking

[@edmundyemoh136]

Can one get loan company that grants loan if you want to. Purse a professional course like ACCA, CIMA, CBAP, PMP etc

[@OtangQuinjulis]

So please can someone request a loan even if it is more than the tuition fees stated in the admission letter?

[@mickywisetv]

Please asper Prodigy approval when granted the documents, is that all I need for presentation as POF when applying for Visa at Canada immigration?

[@deiykeman5051]

Dis loans companies agreement has k leg ooo. How can de interest start adding from the first day but u can pay until after graduation which means if ur course is 4year it will keep adding for dat 4year haba

[@oluwatosingbadamosi9963]

Please is this applicable to UK schools too

[@segunokunlola8455]

Hi, Please what if the school I'm attending is not supported by Prodigy? what will i do?

[@ibukunenitanokusanya817]

Try Mpower finance or their partner company Sallie Mae

[@segunokunlola8455]

@@ibukunenitanokusanya817 I have tried both but none is available for my school but all the same thanks

[@odemodamilola5294]

Please how can I get a study loan, I live in Nigeria. I will be relocating to the uk by January on study visa

[@vuningomapeter7311]

Hello thanks this is resourceful,kindly share low interest student loan firms available there?

[@ReginaOsadolor]

Can you give us some canadian colleges that are eligible for progidy loan

[@anulikamaryann912]

Hi Thanks for this video . please I want to ask ,for someone going to USA for masters with students study loan .can the person answer at the embassy when asked that he's going to study with loan without being denied visa

[@BlessingMbaso-gq3ng]

Please how much proof of funds do I need to apply

[@obatarheblessing376]

Thanks for the info, please what about if one gets a 50% fees. Can the loan company agree to pay for the balance?

[@KelvinGetsItDone]

Yes, absolutely

[@IfeanyichukwuWilliams-lw5ev]

Please explain this co-signer

[@opeyemiodeleye3864]

Doyin I stumble on your video and is so educative...am waiting for my MASTER DEGREE admission from a university in Canada, but i wouldn't know if you could assist when i want to apply for my loan on prodigy. Thanks

[@bekoeofori2655]

Please when you graduate for the six month grace period does the loan still incur interest?

[@Doyindoccom]

Yes

[@osayanmon]

what about schools in Germany. any chance

[@bekoeofori2655]

Thank you for the video. Please can I get your email address

[@eligreatbmusicandcomedy]

Does prodigy sponsors an international Master' student in Sweden or only those in the US?

[@oluwatosingbadamosi9963]

Can I start paying as soon as I am getting money before the end of my program? Also can I move with my Family members too

[@tots-fears]

Hey Doyin. Thank you so much for the information. But I will like to know if I can apply for visa for my kids with my loan, or do you suggest I get separate amount for their visa application? Thank you so much. Looking at Mpower loans.

[@traymanny7310]

Hello ,thanks for the detailed video,I want to know if I can get a student loan for a PGD in Canada which is a 1year program?

[@NmarhAtibire-wl5uu]

Pls do they give the loan to some specific courses or any other course you want to study

[@deiykeman5051]

I thought der are companies dat can give loan to students without interest?

[@PrincewDuoJr]

I am thinking about applying for a Student Loan and I will need your guidance in the process...

[@deqquaicoe1482]

Hi Does a loan repayment condition like the one below really mean a monthly repayment of up to 150 months? 😮 At an APR of 13.72%, the monthly payment is US$111.47 for the first 30 payments. For the next 120 payments, the monthly amount is US$155.17.

[@deqquaicoe1482]

Hi Can you help by answering this question pls?

[@Doyindoccom]

Not sure I understand your question but a 13 year student loan repayment period does not raise any red flags

[@tonyonyia7357]

Mpower loan is choking

[@andrewkimkwakye2799]

Hi Doyin! would like to find out, if I have paid first semester fees in full will the loan disbursement for that semester be given to me by the sch since im not in areas of fees??

[@faithloveth6993]

You re beautiful. Dark skin is a goal!

[@stereotype9767]

Is there any loan for undergraduate student? Glads to your reply 🙏🙏🙏

[@tanihujoshuatettey441]

Can you terminate your loan along the years .

[@akuaafriyie8491]

Thank you. Please send me a link to apply to the mpower loan.

[@oluseunadeyanju]

Pls, give us the link

[@nanakwadwo6534]

Very useful ✌🏾

[@nwokochidindu7529]

Thanks Doyin. I have got a question about the co signer? How do you get one and does the cosigner need to be someone based outside or it doesn't matter

[@peterokegbe7334]

Does age play a role when taking student loan?

[@mwanakenyahalisi5302]

thanks, so helpful

[@Elizabeth_Brown_ak]

Prodigy does not work for Nigerians

[@mecheallaadutwumwaa172]

Hello please can I apply from my home country

[@njidekaonuorah7099]

Very well thanks for that explanations .

[@uninaturalformulae835]

Please do you repay in installments or in full

[@Dansey_]

Thanks so much dear.. you’re my favorite. I’m definitely going to have my try with prodigy. Will let you know if I get successful!

[@oluwasolaalfred]

Dear Doyin you are a genius with a very beautiful voice. I just stumbled on your video on loan and I was wowed. Thanks for all the informations you are sharing. Please I will like to know if a PGD student is eligible for student loan with prodigy finance? If the answer to the first question is yes, I'll like to ask this: If I'm applying for a 1year PGD program, and at the completion of the 1st program, I apply for another 1yr PGD program (From the same school), making it 2years PGD program but different courses, (To be able to achieve 3yrs PGWP). How will I explain this to the Loan company so that I won't start paying for the loan after the completion of the 1st year PGD program? Thanks in anticipation of your kind response. 🙏

[@Doyindoccom]

Hi Oluwasola, the answer to the first question is it depends. You need to click the link in my description to check if your school (and program) is one of the schools prodigy works with. For the second question, I doubt that'll work for the loan provider. It's easier to just go for a 2 year program. You may need to start paying immediately you graduate if you do a one year program.

[@oluwasolaalfred]

@@Doyindoccom Okay thanks so much for this. It's really helpful.

[@chinedunwogbo2213]

Unfortuantely PGD programs are not considered for loans on prodigy. You can check mrs O on KZbin...she did an interview with one of their representatives.

[@oluwasolaalfred]

@@chinedunwogbo2213 Okay, I'll check it out. Thanks

[@folashadeafowowe7903]

Hi doyin, please is it possible you apply for the loan before I get the admission letter or after I must have gotten the admission

[@byadarchitecture714]

Hi. Did you ever figure this out?

[@mohdivajoy6270]

Thanks doyin 🎉

[@Candii_Kisses]

can you do a thorough comparison between Prodigy vs Mpower

[@Doyindoccom]

Great Idea! I'll do that

[@feisalalfie]

Prodigy has more Canadian School options

[@adeyinkalullabyadekoya2326]

@@feisalalfie thank you for the information. But can you please explain which interest rate is better and safer?

[@georgiajames810]

Thanks Doyin for this great information.But my question is if I get the loan, can I use it as my proof of fund during visa application?

[@tiwalolamide]

Well explained thank you

[@John-bo1fo]

Mpower financing or progidy ? Which one is better

[@narbsentertainment6398]

MPower is better, prodigy has a higher payback principal. Too huge. You take 16K dollars and you are paying 69K in total as payback amount.

[@ObasohanGrace]

Thanks Doyin

[@oluwasijibomielizabethale4287]

Thank you for always sharing

[@JodelStoriesHQ]

Prodigy example: giving 36k and taking 120k💀

[@narbsentertainment6398]

Prodigy financing is worst. Their principal payback is too huge.

[@unwam-obongclement3159]

Is progidy for undergraduate?

[@elvisnnaemeka6722]

Do the loan companies deduct the loans directly from your bank account?

[@emmanuelemeka6808]

Please can I get a loan company that disburses to U.K university.

[@Doyindoccom]

prodigy offers loans to candidates in UK schools. Check link in description box

[@royalmusicinternational5335]

Prodigy only support few schools in uk

[@unwam-obongclement3159]

Is progidy for undergraduates?

[@ademuyiwalydia5029]

How is the interest paid?(is it from day one or after graduation ),cos I don't get that point 🙏

[@Doyindoccom]

It accrued from day 1 but for many, you don't have to pay until graduation

[@assumptafatola7841]

God bless you for this great information Doyin. Pls if i want to study in UK can i possibly apply for loan through Prodigy Finance?

[@sylviaego2986]

Thank you Doyin My question is, will the loan company want me to remain in US where I schooled to finish up the payments before I return to my home country? Will they influence my stay or work visa to enable repayment of the loan?

[@Doyindoccom]

The answer to both questions is NO. you are not required to remain in the country you schooled and they have nothing to do with your visa situation

[@larbabaofficial]

​​@@DoyindoccomYou are so beautiful ❤️. Gonna follow you right now

[@VictorSSama]

Just the fix I need! Thanks Doyin

[@Ejisbaba212]

Please do I have to get admission with the schools affiliated with prodigy finance before I can apply for the loan ? Please respond thanks

[@alupatienceehida-agbons8657]

Yes

[@rejoceobiora7796]

Hi dear thanks so much for this info. Please tell me, does prodigy have schools they support in Canada or I can just apply to any DLI schools in Canada. Thanks

[@Doyindoccom]

Check the list of schools prodigy sponsors. Link in description

[@industrialelectricalengine7734]

My loan has currently been approved, precisely Mpower financing, is it possible travel with my wife if I have the proof of fund to should for her personally? Also can you throw light on Mpower financing originating fee.

[@elizabetholusolaglory2527]

Hello, congratulations!!! Can you kindly list the documents you uploaded to access the loan. Thank you.

[@industrialelectricalengine7734]

@@elizabetholusolaglory2527 bvn, statement of account of about 1.3millon naria, international passport

[@TUTAMUONAAMISI-hs3ns]

Thank you Doyin

[@natasha5598]

Please can a get a loan for my undergraduate program

[@Doyindoccom]

Yes but not many options. Try mpower

[@natasha5598]

My school isn't listed in Mpower, it is a private university.

[@unwam-obongclement3159]

@@Doyindoccom pls can you tell me list of student loan for an undergraduate Nigerian going to a Uk school?

[@unwam-obongclement3159]

And yes i have a co-signer