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Get help with tuition

Education Loan

Get the support you need paying for your education. Our student loans can help with tuition, books, and living costs.

Join the 57,000+ members who bank with us!



Education Loan

Discover the benefits!

  • Get the money you need
  • Enjoy affordable payments
  • Earn cash dividends
  • Discover mature student loan options as well



Get the education you deserve


Get that degree

Going to university, college, tech, or trade school can be expensive. An education loan will help you cover the costs of tuition, books, and living expenses so you can focus on your studies.

Enjoy lower payments

Make interest-only payments while going to school AND for six months after your schooling is complete.

Earn cash dividends

You earn cash dividends by having a loan with us. With our Member Rewards program, the more you bank with us, the more you benefit.

Discover mature student options

Are you 25 or older attending university, college, or a trade school? We have mature student education loans to fit your specific needs.


Additional Information

  • Available for personal use only, for post-secondary education
  • Must attend university, college, technical or trade school 
  • For students age 17 to 24 inclusive 
  • Interest compounded annually 
  • See current rates
  • Maximum advance per school year - $10,000 
  • Minimum total advance per student - $1,000 
  • Maximum total advance per student - $40,000 (amounts exceeding approved maximum total advance are considered on a case by case basis) 
  • Unused maximum advances per school year can be carried forward to future years 
  • Interest only payments monthly while in school 
  • Repayment terms and amortization: 
    • Minimum monthly principal and interest repayment frequency schedule 
    • 7 years – up to $15,000 
    • 10 years - $15,000 to $25,000
    • 11 years – over $25,000 
    • Principal and interest repayment shall commence on the 7th month after notification from one of the signers or the 7th month after student turns age 25 (option to convert to Mature Student Education Loan if still in school) 
  • An Innovation account is required for payment of education loans. The payment cannot come from another financial institution. 
  • Guarantors required 
  • Primary guarantors shall be parent, guardian &/or grandparent
  • Option to convert to Mature Student Education Loan at age 25
  • Application fees are not applicable

  • Available for personal use only, for post-secondary education
  • Must attend university, college, technical or trade school
  • For students 25 and older
  • Interest compounded annually
  • See current rates
  • Maximum advance per school year - $10,000
  • Minimum total advance per student - $1,000
  • Maximum total advance per student - $40,000 (amounts exceeding approved maximum total advance are considered on a case by case basis)
  • Unused maximum advances per school year can be carried forward to future years
  • Interest only payments monthly while in school
  • Repayment terms and amortization:
    • Minimum monthly principal and interest repayment frequency schedule
    • 7 years – up to $15,000
    • 10 years - $15,000 to $25,000
    • 11 years – over $25,000
    • Principal and interest repayment shall commence on the 7th month after notification from one of the signers or the 7th month after 5 years from original contract date
  • An Innovation account is required for payment of education loans. The payment cannot come from another financial institution.
  • Guarantors shall be considered based on circumstances
  • Primary guarantors shall be parent, guardian &/or grandparent
  • Application fees are not applicable


Post-Graduate Loan

Discover the benefits!

  • Save money
  • Enjoy affordable payments
  • Discover larger borrowing options
  • Earn cash dividends


Get the education you deserve


Discover your cost savings

Not only is there no application fee for our professional studies package, but your interest rate is set to Prime +1. It’s a low rate that will save you money while you earn your new designation.

Enjoy flexible payment options

You can choose to make interest-only payments while going to school OR defer your payments until your schooling is complete.

Get the money you need

Our professional studies package offers larger loan amounts to get the designation you want. Borrow up to $120,000 over 8 years of studies.

Earn cash dividends

You earn cash dividends by having a loan with us. With our Member Rewards program, the more you bank with us, the more you benefit.


Additional Information

  • Available for personal use only, for post-secondary education
  • Must attend university or college
  • For students pursuing professional designations in the following fields: Accounting, Chiropractor, Dentist, Engineer, General Practitioner, Lawyer, other Medical Doctors, Optometrist, Pharmacist and Veterinarian 
  • Interest compounded annually
  • See current rates
  • Maximum advance per school year while pursuing general studies - $10,000
  • Maximum advance per school year once in professional college of study - $20,000 
  • Minimum total advance per student - $1,000 
  • Maximum total advance per student - $120,000 (amounts exceeding approved maximum total advance are considered on a case by case basis) 
  • Unused maximum advances per school year can be carried forward to future years 
  • Interest only payments monthly while in school 
  • Repayment terms and amortization: 
    • Minimum monthly principal and interest repayment frequency schedule
    • 7 years – up to $15,000
    • 10 years - $15,000 to $25,000 
    • 11 years – over $25,000 
    • Principal and interest repayment shall commence on the 7th month after notification from one of the signers or the 7th month after 8 years from original contract date 
  • An Innovation account is required for payment of education loans. The payment cannot come from another financial institution.
  • Guarantors shall be considered based on circumstances
  • Primary guarantors shall be parent, guardian &/or grandparent
  • Application fees are not applicable


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Need help?

Ask an Advisor

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Save

Our No-Fee Bank Account has no monthly fees and no balance requirements. Save as much as $360/year in fees!

Earn

You earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit.

Give

Your business helps us support your community. We allocate 2% to 4% of pre-tax profits/year to our communities.



Questions?

Our education loan is available to students ages 17-24 inclusive. We also have a mature student education loan for those 25 and older. You don’t need to apply for a Canada Student Loan or Saskatchewan Student Loan to qualify.

That’s okay! There’s no distinction between full-time and part-time students.

For an education loan, the amounts available are:

  • Maximum advance per school year - $10,000
  • Maximum total advance per student - $40,000
  • Minimum total advance per student - $1,000

If you don't require the full maximum advance per school year, you can borrow those additional funds in subsequent school years.

For our professional studies package, you can borrow up to $120,000 over 8 years of studies:

  • Borrow up to $40,000 for the first 4 years of post-secondary.
  • Borrow up to $20,000 per year for up to 4 years of post-graduate studies.

You’ll need to be pursuing one of the following careers:

  • Accountant
  • Chiropractor
  • Dentist
  • Engineer
  • Lawyer
  • Medical Doctor
  • Optometrist
  • Pharmacist
  • Veterinarian



Earn the education you deserve

Make funding your education less stressful and more affordable with an education loan today.


Need more help choosing your loan?

Try our loan selection tool!


Learn more about our accounts and services. Review our Account and Fee Information (pdf).