Student Loans

Apple Federal Credit Union

Student Loans are available to VIU students directly from a local bank who are US citizens or have a permanent resident status or International students. Loan must be used for education related expenses (i.e. direct deposit for tuition payment). Student should have an established good credit history, a verifiable income that is reliable and sufficient to re-pay the loan.

Loan limits are:

1. US Citizen Students: Up to $35,000 per academic year
2. Green Card Holder Students: Up to $7,000 per academic year
3. Second Year Foreign Students: Up to $5,000 per academic year
4. First Year Foreign Students: Up to $3,000 per academic year

1. Loan terms for students of VIU who are US citizens or permanent resident

  • A grade point average of 3.1 or more
  • Dean's referral
  • Low variable interest rates (subject to change quarterly) tied to Prime Rate (index) plus .50%-4.00% margin - view current rates
  • Repayment terms of 5 years
  • Option to defer the first payment for six (6) months
  • Convenient automatic payment method

It's easy to get started!
1. Complete application
2. Submit application using the postage-paid panel on the back OR click here to apply online


VIU STudent Loans

2. Loan terms for international students of VIU

The student should have a sponsor in the US who will act as a co-signer on the loan. Co-signer should have an established good credit history, a verifiable income that is reliable and sufficient to re-pay the loan. These loans are available to international students of VIU who has achieved academic excellence.

Requirements for the students:

  • A grade point average of 3.1 or more
  • Dean's referral
  • TOEFL score of 563 (220) or more.
  • Low variable interest rates (subject to change quarterly) tied to Prime Rate (index) plus 1.000%-5.00% margin - view current rates
  • Repayment terms of 3 years
  • Option to defer the first payment for six (6) months
  • Convenient automatic payment method

The co-signer must provide the following information:

- Social Security Number
- Gross Annual Salary
- Contact information for a reference

  • If you would like to get more information, please click here.