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
If you’d like to get application and funding tips for grad school, join my mailing gang here. I promise not to spam you 😊
Join my mailing list here: bit.ly/3IOhOYB
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Пікірлер: 134

  • @Doyindoccom
    @Doyindoccom Жыл бұрын

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

  • @okeylivinusonuoha8263
    @okeylivinusonuoha82636 ай бұрын

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

  • @nwokochidindu7529
    @nwokochidindu7529 Жыл бұрын

    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

  • @jolhabolha2620
    @jolhabolha26202 жыл бұрын

    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

    @Doyindoccom

    2 жыл бұрын

    Thank you. Glad you find the videos helpful

  • @njidekaonuorah7099
    @njidekaonuorah7099 Жыл бұрын

    Very well thanks for that explanations .

  • @tessymoses7636
    @tessymoses7636 Жыл бұрын

    Yes ma'am. This information is very helpful 💕

  • @jorgecanalesbarrera7090
    @jorgecanalesbarrera7090 Жыл бұрын

    THANK YOU very much. Your content is golden

  • @oluwasijibomielizabethale4287
    @oluwasijibomielizabethale42872 жыл бұрын

    Thank you for always sharing

  • @Hodarii
    @Hodarii Жыл бұрын

    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

  • @andrewkimkwakye2799
    @andrewkimkwakye2799 Жыл бұрын

    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??

  • @SharonJebitok.
    @SharonJebitok.11 ай бұрын

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

  • @Sarahilal01
    @Sarahilal0111 ай бұрын

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

  • @akuaafriyie8491
    @akuaafriyie8491 Жыл бұрын

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

  • @Dansey_
    @Dansey_ Жыл бұрын

    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!

  • @NmarhAtibire-wl5uu
    @NmarhAtibire-wl5uu Жыл бұрын

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

  • @PriyankaRani-kw8te
    @PriyankaRani-kw8te2 ай бұрын

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

  • @tots-fears
    @tots-fears Жыл бұрын

    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
    @traymanny7310 Жыл бұрын

    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?

  • @uninaturalformulae835
    @uninaturalformulae835 Жыл бұрын

    Please do you repay in installments or in full

  • @oluwatosingbadamosi9963
    @oluwatosingbadamosi9963 Жыл бұрын

    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

  • @tiwalolamide
    @tiwalolamide Жыл бұрын

    Well explained thank you

  • @kelechianozie3755
    @kelechianozie3755 Жыл бұрын

    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

  • @vuningomapeter7311
    @vuningomapeter7311 Жыл бұрын

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

  • @eligreatbmusicandcomedy
    @eligreatbmusicandcomedy Жыл бұрын

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

  • @mickywisetv
    @mickywisetv Жыл бұрын

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

  • @PrincewDuoJr
    @PrincewDuoJr2 жыл бұрын

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

  • @oluwatosingbadamosi9963
    @oluwatosingbadamosi9963 Жыл бұрын

    Please is this applicable to UK schools too

  • @okeylivinusonuoha8263
    @okeylivinusonuoha82636 ай бұрын

    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?

  • @essienubongetuk8816
    @essienubongetuk88162 жыл бұрын

    Hi how can I get a study loan for undergraduate program

  • @TUTAMUONAAMISI-hs3ns
    @TUTAMUONAAMISI-hs3ns3 ай бұрын

    Thank you Doyin

  • @rahimaakhter5185
    @rahimaakhter51857 ай бұрын

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

  • @Nelson_Ndubuisi.
    @Nelson_Ndubuisi.4 ай бұрын

    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

  • @victorogbolu4112
    @victorogbolu41122 жыл бұрын

    Just the fix I need! Thanks Doyin

  • @opeyemiodeleye3864
    @opeyemiodeleye38642 жыл бұрын

    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

  • @OtangQuinjulis
    @OtangQuinjulis2 ай бұрын

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

  • @anulikamaryann912
    @anulikamaryann912 Жыл бұрын

    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

  • @millicentaisabor3788
    @millicentaisabor3788 Жыл бұрын

    Please is it possible to get student loan for colleges?

  • @peterokegbe7334
    @peterokegbe7334 Жыл бұрын

    Does age play a role when taking student loan?

  • @tamanjikestin1194
    @tamanjikestin1194 Жыл бұрын

    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

    @Redditinsights76

    6 ай бұрын

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

  • @edmundyemoh136
    @edmundyemoh136 Жыл бұрын

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

  • @mohdivajoy6270
    @mohdivajoy62704 ай бұрын

    Thanks doyin 🎉

  • @stereotype9767
    @stereotype9767 Жыл бұрын

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

  • @BlessingMbaso-gq3ng
    @BlessingMbaso-gq3ngАй бұрын

    Please how much proof of funds do I need to apply

  • @tanihujoshuatettey441
    @tanihujoshuatettey44110 ай бұрын

    Can you terminate your loan along the years .

  • @user-qr4yi9gv8z
    @user-qr4yi9gv8z Жыл бұрын

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

  • @deiykeman5051
    @deiykeman5051 Жыл бұрын

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

  • @peterokegbe7334
    @peterokegbe7334 Жыл бұрын

    Does age play a role in student loan

  • @ObasohanGrace
    @ObasohanGrace10 ай бұрын

    Thanks Doyin

  • @assumptafatola7841
    @assumptafatola7841 Жыл бұрын

    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?

  • @exceedexpectationstourssaf5607
    @exceedexpectationstourssaf5607 Жыл бұрын

    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

  • @olabisiachigbu2258
    @olabisiachigbu22588 ай бұрын

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

  • @deiykeman5051
    @deiykeman5051 Жыл бұрын

    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

  • @osayanmon
    @osayanmon6 ай бұрын

    what about schools in Germany. any chance

  • @gracegodwin8034
    @gracegodwin8034 Жыл бұрын

    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

  • @user-lh3it7us6v

    @user-lh3it7us6v

    4 ай бұрын

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

  • @folashadeafowowe7903
    @folashadeafowowe7903 Жыл бұрын

    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

    @byadarchitecture714

    2 ай бұрын

    Hi. Did you ever figure this out?

  • @shoremekunyinka9590
    @shoremekunyinka9590 Жыл бұрын

    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

    @Doyindoccom

    Жыл бұрын

    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

    @BlessingMbaso-gq3ng

    Ай бұрын

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

  • @bekoeofori2655
    @bekoeofori26553 ай бұрын

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

  • @Doyindoccom

    @Doyindoccom

    2 ай бұрын

    Yes

  • @mecheallaadutwumwaa172
    @mecheallaadutwumwaa172 Жыл бұрын

    Hello please can I apply from my home country

  • @paulbatalira329
    @paulbatalira3293 ай бұрын

    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?

  • @segunokunlola8455
    @segunokunlola8455 Жыл бұрын

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

  • @ibukunenitanokusanya817

    @ibukunenitanokusanya817

    Жыл бұрын

    Try Mpower finance or their partner company Sallie Mae

  • @segunokunlola8455

    @segunokunlola8455

    Жыл бұрын

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

  • @michaelnnaji8207
    @michaelnnaji8207 Жыл бұрын

    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

    @samuelkika6611

    Жыл бұрын

    They are school selective

  • @shotundehannah269
    @shotundehannah2692 жыл бұрын

    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

    @shotundehannah269

    2 жыл бұрын

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

  • @Doyindoccom

    @Doyindoccom

    2 жыл бұрын

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

  • @shotundehannah269

    @shotundehannah269

    2 жыл бұрын

    @@Doyindoccom thank you

  • @mohsinahmed7569

    @mohsinahmed7569

    3 ай бұрын

    Okay your staple all help no problem thanks

  • @elvisnnaemeka6722
    @elvisnnaemeka6722 Жыл бұрын

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

  • @dariapodzolkova2681
    @dariapodzolkova26812 жыл бұрын

    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

    @oluwasijibomielizabethale4287

    2 жыл бұрын

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

  • @graciousesther1671

    @graciousesther1671

    Жыл бұрын

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

  • @ademuyiwalydia5029
    @ademuyiwalydia5029 Жыл бұрын

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

  • @Doyindoccom

    @Doyindoccom

    Жыл бұрын

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

  • @odemodamilola5294
    @odemodamilola5294 Жыл бұрын

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

  • @onyiugwunwa2328
    @onyiugwunwa2328 Жыл бұрын

    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

  • @terenciamacfoy6111
    @terenciamacfoy6111 Жыл бұрын

    Hi I want u to help me out on my application

  • @Candii_Kisses
    @Candii_Kisses Жыл бұрын

    can you do a thorough comparison between Prodigy vs Mpower

  • @Doyindoccom

    @Doyindoccom

    Жыл бұрын

    Great Idea! I'll do that

  • @feisalalfie

    @feisalalfie

    Жыл бұрын

    Prodigy has more Canadian School options

  • @adeyinkalullabyadekoya2326

    @adeyinkalullabyadekoya2326

    Жыл бұрын

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

  • @georgiajames810

    @georgiajames810

    Жыл бұрын

    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?

  • @rejoceobiora7796
    @rejoceobiora7796 Жыл бұрын

    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

    @Doyindoccom

    Жыл бұрын

    Check the list of schools prodigy sponsors. Link in description

  • @John-bo1fo
    @John-bo1fo Жыл бұрын

    Mpower financing or progidy ? Which one is better

  • @narbsentertainment6398

    @narbsentertainment6398

    Ай бұрын

    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.

  • @sylviaego2986
    @sylviaego29862 жыл бұрын

    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

    @Doyindoccom

    2 жыл бұрын

    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

    @larbabaofficial

    8 ай бұрын

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

  • @deqquaicoe1482
    @deqquaicoe14823 ай бұрын

    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

    @deqquaicoe1482

    2 ай бұрын

    Hi Can you help by answering this question pls?

  • @Doyindoccom

    @Doyindoccom

    2 ай бұрын

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

  • @oluwasolaalfred
    @oluwasolaalfred2 жыл бұрын

    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

    @Doyindoccom

    2 жыл бұрын

    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

    @oluwasolaalfred

    2 жыл бұрын

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

  • @chinedunwogbo2213

    @chinedunwogbo2213

    2 жыл бұрын

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

  • @oluwasolaalfred

    @oluwasolaalfred

    2 жыл бұрын

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

  • @Ejisbaba212
    @Ejisbaba212 Жыл бұрын

    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

    @alupatienceehida-agbons8657

    Жыл бұрын

    Yes

  • @emmanuelemeka6808
    @emmanuelemeka6808 Жыл бұрын

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

  • @Doyindoccom

    @Doyindoccom

    Жыл бұрын

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

  • @royalmusicinternational5335

    @royalmusicinternational5335

    Жыл бұрын

    Prodigy only support few schools in uk

  • @unwam-obongclement3159

    @unwam-obongclement3159

    29 күн бұрын

    Is progidy for undergraduates?

  • @tonyonyia7357
    @tonyonyia73574 ай бұрын

    Mpower loan is choking

  • @kaviyat2701
    @kaviyat2701 Жыл бұрын

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

  • @Sha____

    @Sha____

    Жыл бұрын

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

  • @Akeusolaopeyemi
    @Akeusolaopeyemi Жыл бұрын

    Prodigy does not work for Nigerians

  • @industrialelectricalengine7734
    @industrialelectricalengine7734 Жыл бұрын

    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

    @brightwriter9132

    Жыл бұрын

    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

    @jesseemordi633

    9 ай бұрын

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

  • @JodelStoriesHQ
    @JodelStoriesHQ Жыл бұрын

    Prodigy example: giving 36k and taking 120k💀

  • @narbsentertainment6398

    @narbsentertainment6398

    Ай бұрын

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

  • @unwam-obongclement3159

    @unwam-obongclement3159

    29 күн бұрын

    Is progidy for undergraduate?

  • @natasha5598
    @natasha5598 Жыл бұрын

    Please can a get a loan for my undergraduate program

  • @Doyindoccom

    @Doyindoccom

    Жыл бұрын

    Yes but not many options. Try mpower

  • @natasha5598

    @natasha5598

    Жыл бұрын

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

  • @unwam-obongclement3159

    @unwam-obongclement3159

    29 күн бұрын

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

  • @unwam-obongclement3159

    @unwam-obongclement3159

    29 күн бұрын

    And yes i have a co-signer

  • @faithloveth6993
    @faithloveth6993 Жыл бұрын

    You re beautiful. Dark skin is a goal!

  • @industrialelectricalengine7734
    @industrialelectricalengine7734 Жыл бұрын

    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

    @elizabetholusolaglory2527

    Жыл бұрын

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

  • @industrialelectricalengine7734

    @industrialelectricalengine7734

    Жыл бұрын

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

  • @bekoeofori2655
    @bekoeofori26553 ай бұрын

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

  • @tonyonyia7357
    @tonyonyia73574 ай бұрын

    Mpower loan is choking