We know that being a student means making every dollar count. We can help with our unique student line of credit for members aged 17 - 26 who are pursuing post secondary education and taking a minimum 60% fulltime course load.
Student Choice Line of Credit features:
- Maximum loan amount of $7,500/year to a maximum of $30,000 (O.A.C.)
- Plans that will help your money last you the entire school year
- Once you complete your education or cease full-time enrollment, we offer a 6 month grace period during which you pay only the interest on the amount borrowed
- Payments can be amortized over a maximum of 15 years with no pre-payment penalties
- Mandatory Life Insurance requirement
- Co-signer required
Advantages of this product:
- With the rising cost of attending college or university and government funding becoming increasingly difficult to secure, 1st Choice Savings has developed a product to ensure that student members have funds when they need them. Our Student Choice Line of Credit offers students flexible financial options to help them achieve their educational goals.
- The Student Choice Line of Credit from 1st Choice Savings helps students cover the cost of tuition, books, living expenses, computers, etc., allowing them to put their energy into their studies rather than worrying about how they will pay for it. With a Student Choice Line of Credit, they borrow only what they need, when they need it and pay interest only on the funds that they use.
Call 320-4600 to speak to a 1st Choice Savings associate or enroll online.
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