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Home > Manage Your Money > Scotiabank’s student finance options

Scotiabank’s student finance options

Scotiabank offers helpful financial solutions for supporting the students in your life.
ScotiaLine® personal line of credit for students Scotiabank offers a line of credit just for students. Through a single application, students can apply for a ScotiaLine® personal line of credit for students, plus an optional VISA card for incidental expenses and credit insurance. And, as a parent, you can instill a greater sense of fiscal responsibility in your child while still playing an active role in helping to fund your child’s education by co-signing their application.

Features:

  • Total lifetime limit of up to $50,000 (maximum $10,000 limit per year)
  • Available to students enrolled in a degree or diploma program at a public post-secondary institution
  • Pricing available at Scotiabank’s Prime Rate +2.75% (subject to change without notice).
  • Interest-only repayments while your son or daughter is in school
  • Regular repayment commencing 8 months following graduation

Benefits:

  • Students learn responsibility while establishing their own banking relationships and their own credit file;
  • Your son or daughter enjoys independence with borrowing and managing their own debt; as a primary borrower, you know exactly how the funds are being managed.
  • You have the choice and flexibility to borrow money only as needed;
  • Flexible re-payment options and up to 15 years to repay the loan.



Do you qualify?
A ScotiaLine® personal line of credit for students helps you pay for school. Get approved for a fixed credit amount based on your program. Then use as much or as little of it as you want, when you want it.

Do you qualify?


To get started, you’ll need:
  • what school/program you’re attending
  • a parent/guardian borrower
  • your finances

Apply online at scotiabank.com


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