Prodigy Finance Addresses Rising Parental Concerns Around Student Accommodation in the US

• Prodigy Finance’s recent coffee chats in Kolkata, Mumbai, Bangalore, and Hyderabad revealed growing parental concern over student housing in the US

• Sonal Kapoor emphasised that housing impacts not only affordability but also student safety, well-being, and academic success.

• The company continues to support families with tools, webinars, and real student stories to help them plan beyond just tuition.

[London, June 2025]: As international education becomes an increasingly important aspiration for Indian families, the question of where students will live while studying abroad remains a top concern. This was highlighted during Prodigy Finance’s recent coffee + chats student interaction events held in Kolkata, Mumbai, Bangalore, and Hyderabad, where parents voiced their worries about housing options for students heading to the United States.

For many families, tuition fees are the most visible part of the financial equation. But accommodation, its availability, affordability, and suitability, are increasingly becoming a deciding factor in where and how students study. During the events, parents asked about everything from dorm room safety to managing off-campus rentals, especially in unfamiliar cities.

“Where a student lives plays a crucial role in shaping their entire study abroad experience,” said Sonal Kapoor, Global Chief Business Officer at Prodigy Finance. “We’ve seen that housing affects not just safety and affordability, but also academic performance and emotional well-being. That’s why at Prodigy Finance, we ensure that accommodation is factored into the overall cost of attendance, so families are financially prepared and students are fully supported, both in and beyond the classroom.”

International students in the US generally choose between on-campus housing, such as university dormitories or managed apartments, and off-campus options like shared rentals, homestays, or private leases. Each comes with pros and cons.

On-campus housing offers structured environments, proximity to academic buildings, and easier integration into student life, particularly for first-year students. In contrast, off-campus options often offer more freedom and potentially lower costs, but also come with added responsibilities, such as lease negotiations, paying utilities, and commuting.

Many parents expressed a desire for more visibility into what housing really looks like abroad and how to budget for it properly. To address this, Prodigy Finance is expanding its support to include pre-departure planning resources, including housing checklists, city-level cost breakdowns, webinars, and stories from past students who have navigated these decisions.

As a global platform offering education loans without collateral or co-signers, and flexibility for Indian students to choose between Co-signer and No-cosigner Prodigy Finance supports students from over 150 countries. But its mission extends far beyond funding. By fostering open conversations with parents and students alike, it aims to prepare families not just for the admissions process, but for real life abroad.

For Indian parents sending their children overseas, one of the most important concerns is knowing where their children will live. Prodigy Finance assures families that housing is not overlooked, accommodation costs are included in the overall cost of attendance, and funding is structured to support this. Backed by guidance, empathy, and experience, Prodigy Finance helps ensure students are not just funded for tuition but fully supported in building a life abroad.