Conexus - Student Loan

Navigating the cost of post-secondary education can be challenging. Our StudentChoice® Education Loan is designed to help students cover the costs of tuition, books, housing, and other expenses while attending a recognized college or university, allowing you to focus on your studies.

Benefits of getting a student education loan with Conexus:

Borrow from $15,000 to $300,000, depending on your program.
Make interest-only payments while studying.
Enjoy competitive interest rates, making education more affordable.
Take advantage of a one-year grace period after graduation before you begin repaying the loan.
Borrow, repay, and borrow again as needed while you're in school.
Timely payments help establish a strong credit history for the future.

With a StudentChoice® Education Loan, you can invest in your education without the immediate financial burden. Learn more about how you can finance your studies and set yourself up for success.

To qualify, you must be enrolled in a recognized post-secondary institution (full-time or part-time) and provide proof of enrollment. You may also need a guarantor or co-signer.

The amount you can borrow is determined by your specific education path:

University Degree or Technical/Trade Schools: $15,000 per year with a maximum of $60,000 for a four-year program.

Professional Designation: $30,000 per year to a maximum of $150,000 (includes Chiropractic, Optometry, Pharmacy, Law, etc.).

Professional Medical and Dental: $50,000 per year to a maximum of $300,000 (includes programs for Medical Doctors and Doctors of Dentistry).

Once approved, the loan funds can be accessed quickly and used for tuition, books, and other educational expenses.

Funds are made available to you on a revolving basis while you’re still in school, allowing you to borrow, repay, and borrow again. After graduation, your loan switches to fixed payments, and you can manage your repayments through automatic transfers with flexible payment frequencies.

Payment Options and Details

During your time in school, you will only make interest-only payments on your student loan, allowing you to focus on your studies without worrying about principal repayment.

Once you graduate and complete your one-year grace period, your loan will convert to fixed monthly payments that include both principal and interest, helping you pay off your loan over time.

Conexus offers a variety of payment frequencies for repayment, including weekly, bi-weekly, semi-monthly, and monthly options, allowing you to choose the schedule that best suits your financial situation.

✔ Right for you if you:

Are looking for funding that will help cover education costs and provide cash flow while attending school. Our StudentChoice® education loan is designed to help cover tuition, books, housing, and other education-related expenses, making it easier to focus on your studies without worrying about finances.
Need flexible repayment terms. With interest-only payments while you're in school and a grace period after graduation, you can manage your finances more effectively until you’re ready to start repaying the principal.
Want lower-interest rates helping reduce the overall cost of your education financing.

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May not be right for you if you:

Are unsure about your future financial situation. While a student loan provides funds for education, you’ll need to start repaying the loan after the grace period. Other products with more immediate repayment flexibility might be more suitable, like a Personal Loan.
Don’t have someone you could use as a co-signer or guarantor for the loan, it’s often required for many student loans. If you don’t have a co-signor or guarantor, talk to an advisor about our Personal Loan or Line of Credit.
Need funds for other big purchases that aren’t related to education. For example, if you're looking to purchase a vehicle while in school.

Student Loan

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