With easy payment options and competitive rates, the Student Line of Credit is perfect for students living away from home as they will have access to the funds they need for school expenses, living essentials and unexpected expenses.

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Features

Prime rate + 2%
Interest accumulates only while attending school
Grace period post-graduation (before payment of principal + interest required) is 6 months to 1 year maximum
Flexible payment options (weekly, bi-weekly, monthly etc.)
Automatic transfer from your account, electronic transfer from another financial institution or direct payroll deduction
Make extra payments or pay down at any time without penalty
Life and disability insurance available, conditions may apply

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Line of Credit Amounts

Full-time students may borrow up to $10,000 maximum per school year (up to $50,000)
Part-time students may borrow up to $2,500 maximum per school year

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Application Requirements

Confirmation of enrollment at a Canadian post-secondary educational institution (college, university, career college, registered apprenticeship)
Job training programs (if applicable)
An estimate of your education costs including tuition, school supplies, living expenses, food and transportation
List of current financial resources including savings, bursaries and summer employment
Must meet lending requirements or have a suitable guarantor

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Annual Summaries

With easy payment options and competitive rates, the Student Line of Credit is perfect for students living away from home as they will have access to the funds they need for school expenses, living essentials and unexpected expenses.

Features

Prime rate + 2%

Interest accumulates only while attending school

Grace period post-graduation (before payment of principal + interest required) is 6 months to 1 year maximum

Flexible payment options (weekly, bi-weekly, monthly etc.)

Automatic transfer from your account, electronic transfer from another financial institution or direct payroll deduction

Make extra payments or pay down at any time without penalty

Life and disability insurance available, conditions may apply

Line of Credit Amounts

Full-time students may borrow up to $10,000 maximum per school year (up to $50,000)

Part-time students may borrow up to $2,500 maximum per school year

Application Requirements

Confirmation of enrollment at a Canadian post-secondary educational institution (college, university, career college, registered apprenticeship)

Job training programs (if applicable)

An estimate of your education costs including tuition, school supplies, living expenses, food and transportation

List of current financial resources including savings, bursaries and summer employment

Must meet lending requirements or have a suitable guarantor

Become a Member Today

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