Student Bank Loan or Line of Credit
- Many banks and trust companies offer student loans
- Up to $10,000/year
- Payments on principal will not begin until the student completes their education
- Great alternative for those who do not qualify for
Government Assistance Programs - Redeemer is affiliated with programs at
Bank of Montreal and
DUCA Credit Union - Redeemer offers you an
Interest Relief Bursary if you are financing your education this way
Redeemer Student Fund Loan
If you have exhausted all other sources of financial assistance and still fall short of the funds you need, you may apply for a Redeemer Student Fund Loan. This loan includes a forgiveness factor, which means that the longer you stay at Redeemer, the less you have to repay (up to 80% can be forgiven, at 20% per year) You must be enrolled full-time and be a citizen of Canada or the United States and you must have already applied for government assistance. Students are advised to apply by August 1 for maximum consideration. Thereafter, awards will be granted as funds are available.
Application forms for the 2012-13 study period will be available in May.