Student Line of Credit

Helping students with post-secondary education expenses

At FirstOntario Credit Union, we believe in investing in our Members and we understand that higher education can be expensive. With our Student Line of Credit, you can get the help you need to cover the cost of all the things that come with student life, such as tuition, books and living expenses.

What we offer:

  • Access to $10,000 per year to a maximum of $40,000
  • A competitive interest rate
  • The ability to withdraw funds as you need them (up to your approved credit limit
  • Interest-only monthly payments for up to 6 months after your finish school
  • Low monthly payments after the interest-only grace period, with up to 10 years to repay
  • Access to Online Banking, Mobile Banking (download for free from the APP store or Google Play Store), ATMs, Personal Assisted Tellers (PAT), eTransfers and Deposit Anywhere
  • No-fee chequing account available to all our Members

    Visit a branch or call us at 1-800-616-8878 to learn more about our Student Line of Credit.

    Other great products and services for our Student Members:

    Money On Trees is our financial literacy blog geared toward young adults.  Get answers to questions, learn about financial products and build up your knowledge so that you can make informed financial decisions now and into the future.

    Educational Awards and Cooperative Young Leaders Program are two ways we help our Student Members.  We offer an annual bursary to assist with paying for post-secondary education costs.  We also send Student Members to the Cooperative Young Leaders Camp each year, to develop important skills and gain positive experiences that they will use into adulthood. 


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