Student Line of Credit | Fund Your Future brought to you by Studentawards in partnership with Scotiabank

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If approved, you are automatically eligible to
WIN a $1,000 CDN cash bursary.

Apply for a ScotiaLine® personal line of credit for students to get money to help fund your post-secondary education. When you apply and are approved for a ScotiaLine® personal line of credit for students you are automatically eligible to win a $1,000 CDN cash bursary.

Once your application is approved, your name will be submitted into the monthly bursary draws until June 2013. So get going - the sooner you’re approved, the more chances you have to win!

Steps to apply:

What you get:

Revolving line of credit available for full-time and part-time undergraduate and graduate students enrolled in a certificate, apprenticeship, diploma, degree, or MBA program at an eligible post-secondary institution

Monthly interest-only payments while you’re in school

No cost if there is no balance on your line of credit

12-month grace period after graduation on principal repayment

Great way to establish a credit record by making regular payments

Credit limits starting from as low as $1,000 to a lifetime maximum of $60,000

Funding is provided on an annual basis, to a maximum of $10,000 per academic year for full-time students

Competitive Interest Rates¹ - As low as Scotiabank Prime + 2.00%, subject to change without notice. Find out the current interest rates by visiting Scotiabank's website, calling 1-800-9-Scotia (1-800-972-6842) or 416-288-4655 in Metro Toronto or by visiting any Scotiabank branch.

Choose from one of these no annual fee VISA Cards:

SCENE^®* VISA Card, a no annual fee student VISA card that lets you earn 1 SCENE point for every $1 you spend² and 5 SCENE points for every $1 spent at Cineplex Entertainment theatres³;
L’earn^® VISA Card, a no annual fee student VISA Card with up to 1% Cashback rewards⁴;
Scotia Momentum^® No-Fee VISA Card with 1% Cashback on all eligible gas station, grocery store, drug store purchases and recurring bill payments⁵.

Visit www.scotiabank.com/creditcards for further details.

Optional Scotia Line of Credit Protection for your ScotiaLine personal line of credit for students

Optional Scotia Credit Card Protection for your VISA Card.

How it works:

When you qualify for a ScotiaLine® personal line of credit for students, both you and your parents share the responsibility for making interest payments while you’re in school, and for paying back the principal 12 months after graduation.

Your role is that of a co-borrower. You build up valuable credit history that will help you get credit in the future. Although you share responsibility, only your parent, guardian or spouse serves as the primary borrower on the line of credit for students, and therefore has the ability to authorize credit limit increases.

When you apply and are approved for a ScotiaLine® personal line of credit for students you are automatically eligible to win a $1,000 CDN cash bursary.

You can apply anytime you want – it’s no longer something that you only do at the beginning of the school year or at the start of a new semester.

Apply early! Once your application is approved, your name will be submitted into the monthly bursary draws from January to March 2013!

Notes:

¹Rates are subject to approval upon submission of a credit application. Prime means the Prime Lending Rate of The Bank of Nova Scotia. As of January 18, 2013 the Prime Rate is 3.00%. See all the latest rates for all our products.

²SCENE VISA cardholders will receive points for purchases made with their SCENE VISA card. SCENE VISA cards must be connected to a SCENE membership in order to earn points. SCENE points can only be redeemed at participating Cineplex Entertainment theatres or www.scene.ca. Points are not awarded for cash advances, Scotia® Credit Card Cheques, credit vouchers, returns, payment of annual card fees, interest charges or service/transaction charges. Some conditions and limitations apply. Visit www.scotiabank.com/scenevisa for complete details.

³ Maximum points per transaction are 300. Maximum daily points are 600.

⁴ Cashback reward is not awarded for cash advances, Scotia® Credit Card Cheques, credit vouchers, payments, purchase returns, card fees, interest charges or service / transaction charges

⁵ You will earn 1% cash back on your annual spend on gas station, grocery store and drug store purchases and on recurring payments. 1% cash back applies at merchants which are classified in the Visa Inc. (VISA) network as Grocery Stores & Supermarkets, Drug Stores & Pharmacies, Service Stations (with or without ancillary services), Automated Fuel Dispensers and Recurring Payments (Merchant Codes: 5411, 5541, 5542 & 5912). Recurring payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Scotia Momentum^® No-Fee VISA* card. Recurring payments are typically telecommunication, insurance, membership, subscriptions etc. purchases. Not all merchants offer recurring payments. (Please check with your merchant to see if they offer recurring payments on VISA cards.) Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by VISA in another manner, in which case this added benefit would not apply. You will earn 0.5% cash back on all other eligible purchases made with the card. Purchase returns, payments, cash advances, balance transfers, Scotia® VISA Cheques, credit vouchers, card fees, interest charges or service/transaction charges do not qualify for cash back.

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