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Q. I have a canada student loan in process,
will this be interest free when I am attending classes?
A. Yes, your Canada Student Loan is interest-free while you attend post-secondary school as long as you are within the minimum course load. You will also benefit from the six month grace period after your finish your schooling and are searching for a career. For more information on Canada Student Loans visit their website where there are common question and answers listed.
If you need to supplement your Canada Student Loan, Synergy Credit Union also offers student loans to those who qualify. Synergy’s Education Loan offers interest only payments while you attend post-secondary school and, in addition, offer some other unique benefits. For example, if you don’t use a certain amount in a year, you don’t lose it. You have the flexibility to transfer that amount to be used in another school year. We also offer the six month grace period after you finish your schooling. For more on Synergy’s Education Loan click here.
Good luck with your schooling and be sure to let us know if there is something we can assist you with.
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