Receive up to
$15,000*
Per Year
Flexible Student Financing
With WFCU Credit Union and its divisions’ Student Line of Credit, students are eligible for up to $15,000 per year for a maximum of four years. While in school and for up to one year after graduation, they pay monthly interest only on the amount used, for the amount of time it is used.
With a Line of Credit, students gain access to a pre-approved amount which they can draw on at any time and pay back on a timeline that works for them. As the money is repaid, they can borrow up to that limit again.
Our Student Solutions include flexible repayment options tailored to students’ needs and financial situations. Plus, responsibly managing a Line of Credit helps our student members to establish their credit rating and build their financial future.
Get the Student Solutions package that’s right for you!
Fill out the form and one of our member consultants will start the process!
Prefer to skip the form? Call 1 866 500 9328 or email info@wfcu.ca.
The Perfect Package
Our Student Line of Credit works seamlessly with these additional products – all designed to further support students with their everyday banking needs while in school.
Youth/Student Chequing Account
Available for members aged 13 to 25, our Student Solutions offer a competitive interest rate and no fee, unlimited debits, withdrawals, bill payments, and Interac e-Transfers. No minimum amount is required to operate the account, and students with a Line of Credit can transfer funds into their chequing account anytime, at no charge.
Visa Classic Card
Perfect for students living away from home and needing a little extra financial security, our Student Solutions include the Visa Classic Card, which has a low interest rate and no annual fee. Additional benefits include zero liability fraud protection, purchase protection, extended warranty, and mobile device insurance. Students can add the card to their mobile wallet for added convenience and security.
Achieve Academic Success
For guardians looking for more ways to support your student’s success, we have you covered with flexible options for borrowing and investing.
Registered Education Savings Plan (RESP)
Save for your child’s post-secondary education with our Student Solutions, featuring a government-approved investment vehicle. Income earned under the plan is not taxed until it’s withdrawn. Beneficiaries may also be eligible for related government benefits.
Student Loan
Get approved for a loan to help fund your student’s education with our Student Solutions and benefit from a competitive interest rate and flexible repayment options that suit your schedule and timeline.
Explore Every Avenue of Student Solutions
Considering all the expenses involved in post-secondary education, the price tag can often feel overwhelming. Remember, with our Student Solutions, there are many programs in place designed to support you on your journey if you’re willing to do a little homework.
Visit Scholarships Canada to get matched to scholarships in your field of study or school of interest.
Apply to the CU Succeed Youth Bursary open to Ontario resident, post-secondary students with demonstrated financial need and community involvement.
*Students are to be 18 years of age, a Canadian Citizen and Ontario Resident, enrolled as a full time student in an accredited university or college program in Ontario.
