Loans and Lines of Credit

An affordable way to make continuing education possible. Students can borrow to assist with the cost of attending a post-secondary educational institution, including community college, university, or techincal school. 

Benefits:

  • Loans or lines-of-credit are available to full or part-time students(a co-signer may be required), at very competetive interest rates.
  • Choice of loan or line-of-credit
  • While in school, you pay only for the interest on your loan or line-of-credit.
  • Regular loan payments on the principal do not begin until six months after you've stopped being a student
  • Additional 6 months may be negotiated if student is unemployed

Features:

  • Repayment amortizations from 5-12 years, depending on loan balance.
  • Credit Life and Disability insurance available

Line-of-credit means you apply once and advance funds as needed. You pay interest only on amount use. Make an appointment with a Beaubear Credit Union Personal Account Manager to find out more information on a Student Line of Credit. 

Cathy MacDonald 506-622-9321 or email cmacdonald@beaubear.ca - Water Street Branch

Kyla Mazerolle 506-622-6916 or email kmazerolle@beaubear.ca - Newcastle Branch

Check out options for provincial and federal student loans and grants

Finding the best options for financing your education can be overwhelming. You may qualify for federal and provincial government loans and portions of these may come to you in the form of a grant that you don't have to pay back so we strongly encourage you to research these options as well. Take advantage of the useful tools available on these websites to help you calculate estimated loan amounts and plan for making repayments once you are done school. Our number one priority is getting you that all important education with as little debt as possible.

Canada Student Loan and New Brunswick Student Loan

Canada Student Grants

 

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