Sentences with phrase «student line of credit»

Here's a scenario i need some help with... I'm a university student who has a 10,000 student line of credit with TD.

Recently I took out a 10,000 dollar student line of credit and have since invested most of it.

However, with student lines of credit there is no grace period for interest.

Her graduate studies left her saddled with $ 20,175 in Ontario Student Assistance Program (OSAP) debt and a roughly $ 8,500 student line of credit from her bank.

If you are unable to pay a private student line of credit, the bank has the right to collect from you or the co-signer.

Most UofT student fund their loans with some combination of student line of credits, financed at either prime or prime +0.5 % (currently 2.7 - 3.3 %, depending on how good a negotiator you are, and well below 4 % for most of the past 10 years) or government student loans, whose rate is either prime +1 % (for the provincial portion) or prime +2.5 % (for the federal portion), and for which they receive a tax credit.

Not really, because the banks typically give student lines of credit to students that have good job prospects because they assume that once you are working you will have the income to repay the loan.

I ask because I'm graduating in 6 ~ months and will have about 11k OSAP and 12k student line of credit with zero investments / savings, etc and I'm unsure of my plan of action.

If a student is attending a professional school, a professional student line of credit is available with higher borrowing amounts, as graduate degrees and professional designations cost substantially more than completing an undergraduate degree.

In Canada student debt can take two possible forms: a government guaranteed student loan and a private student line of credit.

«The one risk that she may face is if that 4 % (on her student line of credit) is a variable rate,» Hiscock said.

If they've co-signed for my $ 50,000 student line of credit, well, I'm not going to be able to pay that off, and I guess in that case the best advice for the parents, if they actually do have some income, they do have some assets, they should probably go to the bank, get it switched over entirely into their name, set up a new loan, maybe they can get a better interest rate and deal with it that way.

The dividends cover the monthly payments and are paying down the principle on the student line of credit.

Can I also deduct this student line of credit for borrowing money to invest?

Recently I took a $ 10,000 student line of credit and have since invested most of it in stocks.

A student line of credit can be paid off in a number or ways.

I was wondering if this student line of credit will be considered taxable income?

Apply for a student line of credit, such as the Education Line of Credit, in order to manage the costs associated with post-secondary education.

If you have a student line of credit or student credit card, you will need to negotiate directly with the bank or financial institution for a term extension or interest relief.

To apply for a student line of credit, or to get more information speak with a CIBC advisor at 1-866-525-8622.

A student line of credit through a bank is not the same as a student loan.

Student lines of credit can be eliminated in a bankruptcy or consumer proposal just like any other debt like credit card debts.

Whether a student is attending college or university as a full - or part - time student, they can apply for a student line of credit to cover the cost of textbooks, courses and other incidentals.

A student line of credit can be used to pay for just about anything, including:

With an interest rate lower than most credit cards and the ability to structure a repayment plan to fit your budget, a student line of credit is a good option for students on a tight budget.

2 While you are attending the academic program identified in connection with your Student Line of Credit Agreement (the «Agreement»), your interest rate will only change with a change to the prime rate.

3 Interest only payments include up to two years of Specialty studies for a BMO Dental Professional Student Line of Credit and a maximum of seven years of residency for a BMO Medical Student Line of Credit.

A student line of credit, however, is a private loan between you and the financial institution, and as such, is treated like any other debt.

If you do not make your payments on a student line of credit the bank can apply to the court to garnish your wages, and if you have a co-signer, will pursue them for payment.

A student line of credit is not government guaranteed.

However, if someone co-signed your student line of credit, then your bankruptcy will not eliminate their obligations under the terms of the loan agreement; your bank or credit union will pursue your co-signer.

If you graduated two years ago and declared bankruptcy today, your student line of credit would be eliminated by your bankruptcy just like any credit card debt you have.

Government Student Loan funding is not enough to cover the program cost, therefore we looked into a student line of credit.

Unfortunately, a pilot was not listed as a profession that would get approval for a $ 100,000 student line of credit; the only option was to use our own personal line of credit.

If you're not eligible for financial assistance or the assistance you receive is insufficient to cover your educational expenses, our Student Line of Credit is the ideal solution to help you meet your financial needs and pursue your studies with peace of mind!

Plan your expenses to make the best use of your Student Line of Credit.

I filed for bankruptcy in 2013 to cover an enormous amount of student related debt on a Professional Student line of credit and credit cards but was only out of school for two years so student loans -LSB-...]

I'd be quite interested in knowing if those debts are from government loans, a student line of credit, or some other source.

A student line of credit from a bank is a good alternative, while credit cards — which have the highest interest rates and need to be paid down quickly — are the worst of the available options, Rosentreter says.

Student Line of Credit is provided by Royal Bank of Canada and are subject to its standard lending criteria.

With our competitive rates and flexible limits, there's a Student Line of Credit that's right for you!

These are not deep dark secrets of the UofT legal community, these are well known facts among Canadian law students (a fact readily confirmed by reading any of the many «student line of credit» threads on a place like lawstudent.ca).

The Defendant brought a motion asking the Plaintiff to produce a Pharmanet Printout, monthly statements from his student line of credit, and particulars of his wage loss claim.