Education Funding

SCU Student Bursary

Receive one of seven $500 bursaries to help with college or university!

New for 2020: students enrolled in ANY YEAR of a post-secondary program are eligible!

Qualifying is easy. You must be enrolled in any year of a post-secondary program for the 2020/2021 school year and you or your parent, grandparent or guardian must be a member of Sudbury Credit Union. The bursaries are awarded by random draw in August.

How to Apply

Fill out the application and return it along with proof of enrollment. You can drop it off at any branch or email it to scucontact@sudburycu.com.

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Educator Student Line of Credit

This loan is right for you if:

  • You are a full time student attending a post secondary school.
  • You need assistance with financing education expenses.
  • You can manage interest only payments while you are in school.
Educator Student Line of Credit is a flexible and convenient line of credit (and a one-time application) that allows the student to draw on funds as needed, up to a pre-determined limit, to help finance the cost of post-secondary education.

Benefits

  • An easy, convenient way to overcome added financial pressures.  An alternative to withdrawing RRSP funds for children’s education so that retirement savings continue to grow and earn interest.
  • No worry for regular payments until the student has finished school.
  • Flexible repayment terms.
  • Peace of mind knowing funds are available to assist with education costs (tuition, books, lodging).

Details

  • One-time application for financing post-secondary education
  • Competitive rate and no fees
  • Low payments of interest only are all that’s required while in school
  • More structured Student Loans are also available if preferred
  • Subject to credit approval with appropriate parental guarantee(s)
  • Students must be 18 years of age to apply (for students under the age of 18, parents must apply on their behalf)
  • Maximum - $40,000.00
  • Maximum advance per year $15,000.00
  • Life, disability and criticall illness insurance available
  • Upon completion of study period arrangements will be made to begin repayment

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Student Bursary apply now
Student Line of Credit
OCUF Bursary