Financing an Education
A financial plan that balances your everyday expenses with saving for the future is essential, whether you’re saving for your child’s education or financing your own.
Options for paying for school
Being a student is an exciting time in someone’s life, whether you’re continuing your studies as an adult, just heading off to post-secondary school, or saving for your child’s education. There are many financing and funding options available to pay for school-related costs — a Libro Coach can help you build a plan that works for you.
Student Line of Credit
Libro has financing options to help cover the costs of post-secondary education for students in universities, colleges and apprenticeship programs. The Student Line is a line of credit where part-time students may borrow up to $6,000 per year, and full-time students may borrow up to $12,500 per year, subject to credit approval.
Student Line allows a student to borrow only the amount they need when they need it. Students must prove part-time or full-time enrollment (an approved co-borrower may be required). Interest is paid monthly, with principal repayments starting one year after leaving school.
Libro’s student award program supports youth who demonstrate outstanding commitment to their community while balancing academic success.
It’s never too early to start talking about money. Whether your child is opening their first bank account or saving for a car, Libro is here to grow with you, every step of the way. Start here.
Education is one of the most important investments you’ll make throughout your life. We explain your investment options to help you choose the right one – so you can save time and money. Learn more.
Talk to a Coach about Registered Education Savings Plans (RESPs)
Invest in RESPs and watch them grow along with your kids. RESPs are a tool useful to access education needed for a bright future. Talk to us about getting started.
- Save for post-secondary education for your children or grandchildren
- Money grows, tax-sheltered
- Government matching grants and learning bonds can increase savings