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Horizon Credit Union strives to serve its members and community with the best products and services available and to provide superior customer service.

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   Education Loans  
STUDENTCHOICE® Loans are designed to help ease the financial burden of the many costs associated with post secondary education including books, tuition, food and rent.

STUDENTCHOICE® Loans are:

  • Available for Full Time Students – those students attending 60% full time course load or more.
  • $10,000.00 per year, to a maximum of $40,000.00 (o.a.c.) over 4 years and for students enrolled in a professional designation $10,000 per year to a maximum of $60,000 over 6 years for a total sum of $60,000.00.
  • Education Loans are granted on approved credit and require your parent or guardian to co-sign the loan.
  • At a Floating Rate of Prime + 2.00% during the entire term of the loan.
  • Affordable, because payments while attending school are interest only payments, paid monthly.
  • Payable after completion or discontinuation of school. You have 6 months before a monthly repayment schedule of principle and interest will be established, you may begin paying earlier if you wish. Repayment can be made over 10 years and if you have completed a professional designation up to 15 years may be considered.

Also available –

  • Up to a $1,500 line of credit (o.a.c.) as an overdraft protection on your chequing account. It allows you to make purchases without hassle or worry.

Back to school - You and your CU!

     
 

 

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