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Student Line of Credit

Receive up to

$15,000*

Per Year

Flexible Student Financing

With WFCU Credit Union’s 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.

Plus, responsibly managing a Line of Credit helps our student members to establish their credit rating and build their financial future.

Get in Touch!

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.

Student Line of Credit Inquiry
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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, benefit from 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 WFCU Line of Credit can transfer funds into their chequing account anytime, at no charge.

More Details
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Visa Classic Card

Perfect for students living away from home and needing a little extra financial security, our Visa Classic Card 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.

More Details
visa classic card

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 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 Income earned under the plan is not taxed until it’s withdrawn.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.

Learn More About RESPs

Student Loan

Get approved for a loan to help fund your student’s education and benefit from a competitive interest rate and flexible repayment options that suit your schedule and timeline.

Learn More About Loans

Explore Every Avenue

Considering all the expenses involved in post-secondary education, the price tag can often feel overwhelming. Remember, there are many programs in place designed to support you on your journey if you’re willing to do a little homework.

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Visit Scholarships Canada to get matched to scholarships in your field of study or school of interest.

Scholarships Canada
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Apply to the CU Succeed Youth Bursary open to Ontario resident, post-secondary students with demonstrated financial need and community involvement.

CU Succeed Youth Bursary
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Check out the scholarships offered by WFCU!

WFCU Scholarships
*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.

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