Education Loans & Lines of Credit
Going back to school can be tough, but with an education loan or line of credit from Stride Credit Union, you can rest easy, work less and study more. We are committed to making a difference in your educational future.
Some of the features include:
- loans between $1,000 - $15,000 for up to 6 years of post-secondary education
- only the interest is payable monthly while attending school
- principal repayment starts 6 months after student graduates or leaves school and repayment is based on individual circumstances
- a qualified co-signer may be required
- amortization as high as 10 years, depending on loan amount
Finances can be tough to manage while attending school, but worry not, as our education lines of credit can help make that easier. With access anytime you need it, you can be sure to have that extra bit of cash to help you get by.
Other features of our education line of credit include:
- Can be a primary chequing account, with pay as you go account fees
- Can apply for $1,000 - $15,000 per year up to 6 years of post-secondary education
- Confirmation of enrollment must be provided at time of granting credit & each year thereafter
- Pay interest monthly only on funds actually used
- Qualified co-signer may be required as student is usually not earning income during this time
- 6 months after completion of schooling, the line of credit is put into repayment to a maximum amortization of 10 years
If you are ready to further your education, meet with one of our Financial Services Officers to discuss your lending options. You can even start the process now with our online application.