Lender to Foreign Students Raises $40 Million in Financing<br />A survey of 250 institutions by the American Association of Collegiate Registrars and Admissions Officers found<br />that nearly 40 percent of the responding schools reported a decline in applications from international students, particularly those from the Middle East.<br />The new financing comes at a time of keen interest in international students among American universities —<br />and a decline in applications from those students that has begun to unnerve educators.<br />Prodigy Finance, the lender that makes loans to international postgraduate students, said on Sunday<br />that it had raised $40 million in new equity financing.<br />As American universities’ interest in courting international students intensifies, an online lender<br />that caters to them has drawn significant new financing.
