​At Oshawa Community, our goal is to help students pay for the education they want and deserve. Our Student Loans with accommodating payment options and competitive rates are designed to assist students seeking post-secondary education at college, university or trade schools.

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Line of Credit Amounts

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

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

  • Proof of enrollment required

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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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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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