Student Loans

Even if you’ve saved every penny from your summer job and have some form of financial support, you may find that you still need to borrow to fund your post-secondary education.

Williams Lake and District Credit Union's student loan and student line of credit products are specifically designed to assist students attending a post-secondary institution on a full-time basis.** These funds can be used for living expenses, tuition or books.

These products bear an interest rate of Williams Lake and District Credit Union's prime lending rate and require interest only payments while you are attending post-secondary school.

Within twelve months of completion of your post-secondary studies, all loans and lines of credit will be combined into one term loan at an annual interest rate of Williams Lake and District Credit Union's prime lending rate plus 1%, with a monthly payment amortized over a maximum of 15 years.

You and/or your co-signor will be required to meet Williams Lake and District Credit Union's normal lending criteria. Proof of post-secondary enrollment is required at the time of application.

**A full-time student is defined as a person registered for a minimum of three academic courses, or attending a minimum of 10 hours of classroom study per week.

 

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