Education: an invEstmEnt in Your FuturE

Student Line of Credit Pack ages
Education: An Investment
in Your Future
Royal Roads University has negotiated special Student Line
of Credit terms with the following banks for our students.
Please contact these banks directly and mention RRU
and your program of enrolment. Terms and rates are subject
to change without notice.
AFFORDABILITY CALCULATIONS
Est. Program Fees
Est. Monthly Payments
Doctor
$72,000
$600*
MBA
$33,000
$277*
Masters
$20,000
$168*
Bachelors
$12,000
$133**
11-00022-610 / 02-11
Based on a 6% interest rate, compounded monthly, subject to change
* Amortized over 15 years ** Amortized over 10 years
u n i v e rs i ty l i fe Financial Aid & Awards
250-391-2600 Ext. 4830
www.royalroads.ca
[email protected]
v i cto r i a B C c a n a da Royal Roads University
2005 Sooke Road
Victoria, BC
Canada V9B 5Y2
The information contained
in this brochure is subject
to change. Please refer to
the University website for
up-to-date information
www.royalroads.ca
Student Line of Credit Pack ages
RBC Royal Bank recognizes that your education has value. With the RBC Professional Studies Student Line of Credit we offer students a no annual fee
financing option that will meet your education financing needs.
Doctor of Social Science
MBA
Masters Programs
Bachelors Programs
Max. Annual Amount
$25,000
$35,000
$10,000
$10,000
Max. Total Limit
$75,000
$70,000
$20,000
$20,000
Interest Rate
Prime + 1%
Prime + 1%
Prime +1%
Prime + 1%
Principal Repayment
Interest only while in studies and 12 months post graduation. Repayable over a maximum of 15 years.
Other Great Benefits
A NO-FEE Visa card and a free student banking package that includes 25 debits per month, online banking, high-interest savings account, cheques
and more!
Contact
T: 1-800-769-2511
Interest only while in studies and 12 months
post graduation. Repayable over a maximum
of 10 years.
RBC Westshore Town Centre: 700-2945 Jacklin Rd, Victoria, BC V9B 5E3
The TD Canada Trust Royal Roads University (RRU) Student Package offers you financing with a TD Canada Trust Student Line
of Credit1 at NO-ANNUAL FEE for tuition fees, living expenses, books, computer products and ancillary costs.
MBA
Masters Programs
Bachelors Programs
Max. Annual Amount
$40,000
$8,000
$8,0001
Max. Total Limit
$80,000
(less any existing TDCT undergraduate debt)
$48,000
(including any existing TDCT debt)
$32,000
(on 4 year programs)
Interest Rate
Prime2 + 0.5%
Prime + 1%
Prime + 1.5%
Principal Repayment
Interest only while in studies and 1 year post graduation. Principal must be repaid within 20 years.
Fees / Optional
Charges
No monthly or annual fee. Life and Critical Illness insurance costs vary based on age
and outstanding balance. Approx. $7.20/mo for $30,000 outstanding.
No monthly or annual fee. Life and Critical Illness
insurance costs vary based on age and outstanding
balance. Approx. $3.60/mo for $15,000 outstanding.
1 RRU Students may qualify for additional financing per year up to $32,000 total 2 Regular TD Canada Trust qualification criteria apply
Other Great Benefits
FREE TD Canada Trust Self Serve bank account while attending RRU, which provides 25 transactions per month whether you do them at the branch
or via EasyWeb Internet Banking, EasyLine Telephone banking, cheques, ABMs, or Interac Direct Payment.
Selection of great NO-ANNUAL FEE Visa cards for students
Contact
Michelle Cawley, Manager Financial Services T: 250-356-4018 ext. 249 E: [email protected]
TD Canada Trust
1080 Douglas Street, Victoria, BC V8W 2C3
Bank of Montreal© recognizes that your education has value. With the BMO Professional Studies Student Line
of Credit we offer students a no annual fee financing option that will meet your education financing needs1.
MBA
Masters Programs
BCom
Bachelors Programs
Max. Annual Amount
$25,000
$20,000
$15,000
$10,000
Max. Total Limit
$50,000
$80,000
$15,000
$40,000
Interest Rate
Prime2 + 1%
Prime2 + 1%
Prime2 + 2%
Prime2 + 2%
Max. Repayment
Period
15 years
15 years
7 years (approximate)
7 years (approximate)
Principal Repayment
Pay only monthly interest payments on the money you actually use while in school and for up to one year after graduation. One year after graduation,
monthly payments of principal and interest begin. These payments begin relatively low and gradually increase each year. You can also repay all of the
outstanding balance whenever you want, without a penalty.
Other Great Benefits
Free student banking plan including 30 transactions per month, Air Miles on purchases, telephone and online banking.
A customized Student Mosaik Mastercard.
Contact
Apply online at www.bmo.com or visit one of our local experts
1 Bank of Montreal’s usual credit requirements must be met 2 Bank of Montreal’s prevailing Prime rate © Registered trade-marks of Bank of Montreal
u n i v e rs i ty l i fe v i cto r i a B C c a n a da