Student Line of Credit
Flexible options designed for student life
Access your credit through your TD Access Card1, cheques and EasyWeb online banking.
Low interest rates
Competitive variable interest rates, plus the same interest rate applies before and after completing school.2
Interest-only payments while in school
Interest-only monthly payments while in school and for 12 months after you leave school.
Monthly payments starting 12 months after you leave school are as little as 1% of the outstanding balance or $50, whichever is greater, with the option to pay off more if you like.
No need to re-apply
Apply once for a credit limit that you can continue to access (use and reuse).
There's a Student Line of Credit just for you.
Full or part-time post-secondary students in an accredited Canadian university or college
Michael got help with school
Michael received an undergraduate scholarship that covered his tuition, but he was concerned about his living expenses. Working with his local branch, Michael and his parents figured out that he needed the maximum amount of $10,000 to cover him off. With the interest only payments required during school, and easy no fee transaction for transferring between accounts, Michael could focus on school.
Credit limit amount:
- Full-time students: up to $15,000 per year to a maximum of $60,000 over four years of study
- Part-time students: up to $5,000 per year to a maximum of $40,000 over eight years of study
Graduate and Professional Students
Enjoy all the benefits of a Student Line of Credit with higher limits.
|Program||Credit Limit Amount (including any existing TD Student Line of Credit debt)|
|Masters or PhD||Up to $60,000 over two years of study|
|Chiropractic||Up to $100,000 over four years of study|
|Optometry/Pharmacy||Up to $125,000 over four years of study|
|Law||Up to $100,000 over three years of study|
|MBA||Up to $100,000 over your study period|
|Dental||Up to $275,000 with no annual re-application; access up to $85,000 in your first year of study|
|Medical||Up to $275,000 with no annual re-application; access up to $85,000 in your first year of study; continued access during residency|
|Veterinary||Up to $140,000 with no annual re-application; access up to $31,000 in your first year of study;|
Let us help you find a Student Line of Credit option that works for you. Contact us
You might also be interested in these services:
Are you making a difference? You may qualify for a scholarship.
We have student accounts and credit card options tailored for you. Talk to someone at the branch today to see how we can help.
Learn more about our Student Line of Credit products.
Optional insurance will give you peace of mind that your balance is covered in the event of death or critical illness.
Whether you’re currently studying or already graduated, TD offers access to helpful student resources.
TD Canada Trust has a special offer for medical, dental, or veterinary students.
Ready to apply?
- Most Student Line of Credit Applications require a co-signor
- Social Insurance Number (optional)
- Current address and previous address (if current address is less than 3 years)
- Your income (sources and amount)
- Your monthly mortgage or rent amount
- Your monthly payments (loans, credit cards, lines of credit)
- Proof of enrolment
1Available when TD Canada Trust Student Line of Credit is programmed on your TD Access Card. Fees may apply for Interac® access and the use of other ATMs.
2Subject to the terms of your Line of Credit Agreement