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Student Services

Student Line of Credit

Find a student line of credit that fits your needs

At TD Canada Trust , we understand that higher education doesn’t come cheap. Being a student, you already know that. To give you a hand with your expenses, we’ve customized our Student Lines of Credit so that you can get the help you need to cover the cost of such things as tuition, books and living expenses.

A customized solution designed with you in mind

With a TD Canada Trust Student Line of Credit, you can have access to the money you need, when you need it and use it for whatever you want. But you’ll also get much more:

  • Pay no monthly or annual fees.
  • Get a competitive interest rate, equal to TD Prime plus a variance rate. Good news: the variance rate doesn’t increase after you graduate!
  • Withdraw any amount (up to your approved credit limit).
  • Pay interest-only monthly payments for up to 12 months after your finish school.
  • Enjoy low monthly payments after the interest-only grace period, with up to 20 years to repay.
  • Access your money through Green Machine ABMs, Interac Direct Payment, EasyWeb Internet banking, EasyLine telephone banking, cheques and at any TD Canada Trust branch.1

Choose a Student Line of Credit designed specifically for you:

Have questions? Read our Student Line of Credit FAQs or speak to a TD Canada Trust representative or call 1-866-222-3456 for more information or application on our Student Lines of Credit and other ways that we can help you achieve your goals — both now and after graduation.

Undergraduate students

Program: Full or part-time post-secondary students in an accredited Canadian university or college

Student Line of Credit details:

  • Credit limit amount (full-time students) — Up to $10,000 per year to a maximum of $40,000 over four years of study
  • Credit limit amount (part-time students) — Up to $5,000 per year to a maximum of $40,000 over eight years of study

Graduate students

Program: Masters or Ph.D.

Student Line of Credit details:
  • Credit limit amount — $8,000 per year for two years to a maximum of $48,000 (including undergraduate TD Canada Trust debt)

Professional students

Enjoy all the benefits of a standard Student Line of Credit with higher credit limits that are tailored to the unique needs of tomorrow’s professionals.

ProgramAmount of Student Line of Credit
ChiropracticUp to $62,000 over four years of study
DentalUp to $250,000 with no annual re-application; access up to $85,000 in your first year of study; no co-signor (subject to approval)
LawUp to $80,000 over three years of study
MBA
Note: Students of the Richard Ivey School of Business MBA, please click here.
Up to $80,000 over your study period
MedicalUp to $250,000 with no annual re-application; access up to $85,000 in your first year of study; no co-signor (subject to approval)
Optometry
Pharmacy
Up to $80,000 over four years of study
Veterinary
Up to $125,000 with no annual re-application; access up to $31,000 in your first year of study; no co-signor (subject to approval)

IVEY Students

Please contact the following TD Canada Trust branch for details on a special offer that is customized to your needs:

Branch transit number: 0021
Address: 1136 Richmond Street, London, ON N6A 3K6
Phone: (519) 673-6020
Toll-free: 1-866-790-0818

Sleep easier knowing your Line of Credit is protected

Should something happen to you, TD Canada Trust Line of Credit Life Insurance can help protect your family from outstanding debt. Since your premiums are calculated automatically based on your revolving credit balance, you pay for this valuable coverage only when you need it. And applying is easy.


1 Available when TD Canada Trust Student Line of Credit is programmed on your Access Card. Fees may apply.



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