London Business School (LBS), which has been ranked number one internationally for the full-time MBA programme, has designed a new scheme to help students fund their studies.

Under the scheme, run by Prodigy Finance, LBS students will have access to loan funding sourced primarily from the School, but also from other investors and friends of the School.

Wendy Alexander, associate dean, Degree Programmes and Career Services, London Business School, said: "At London Business School, we constantly review financial options available to students looking to fund their degree programmes.”

"We are pleased to announce that we have entered into an agreement with Prodigy Finance, which we believe will enable access to financial support to those who need it most, wherever they are in the world.

“We are committed to offering outstanding global business education to extremely diverse classes of talented students and we believe that having the right financial support in place for our students is critical to maintaining such diversity,” she added.

The scheme is available to all full-time MBA 2015 and MiF (Masters in Finance) 2014 students who will study at the School’s London campus, a statement said.

Once applicants have accepted their place on the MBA and MiF programmes, they can apply directly through Prodigy’s online platform. The loan amount is capped at the year’s tuition fees, according to the statement. – TradeArabia News Service