Student Line of Credit

You could get an Gift Card worth up to $500, , , depending on your program of study. Start by applying for a TD Student Line of Credit. Limited time offer. Conditions apply. Offer ends October 31, 2022. Learn more.

How do student lines of credit work?

A student line of credit is a borrowing product for students to help pay for expenses related to post-secondary education. With a TD Student Line of Credit, we offer flexible options which provide financial assistance you need with tuition, living expenses and books. Make interest-only payments and re-use1 your pre-set credit limit while you're in school, so you only need to apply once. Book an appointment to apply for a TD Student Line of Credit.

Benefits of this product

  • Competitive interest rates based on your program
    Enjoy competitive variable interest rate based on TD Prime Rate.
  • Interest-only payments while in school
    Interest-only monthly payments while in school and for 24 months after you leave school.
  • Manageable repayment
    Once you leave school, your line of credit will be converted to a student loan with comfortable fixed payments.
  • Option to make extra payments
    Pay more than the minimum amount each month to repay your loan faster
  • No need to reapply
    Apply once for a credit limit that you can continue to use and re-use1 while in school1.
  • Convenient access
    Access your credit through your TD Access Card2, cheques and EasyWeb Online banking

Student Budget Calculator

Figure out the total cost of your school year. Get a realistic forecast of your expenses, plus ideas on ways to cover your costs.

Program Details for Undergraduate Students

Undergraduate Students
Full or part-time post-secondary students in an accredited Canadian university or college

Credit limit amount:

  • Full-time students: up to $20,000 per year, to a maximum of $80,000 over four years of study4
  • Part-time students: up to $20,000 per year, to a maximum of $80,0004

Program Details for Graduates and Professionals

Graduate Student credit limit amounts

  • Masters or Ph.D.: Up to $80,000 over two years of study
  • Naturopathy: Up to $80,000 over four years of study
  • Chiropractic: Up to $100,000 over four years of study
  • Optometry/Pharmacy: Up to $175,000 over four years of study
  • Law: Up to $150,000 over three years of study
  • MBA: Up to $125,000 over your study period

Professional Students

Medical, Dental or Veterinary students learn about the TD Professional Student Package. Learn more.

  • Dental: Up to $350,000 and $100,000 in your first year
  • Medical: Up to $350,000 and $100,000 in your first year of study; continued access during residency
  • Veterinary: Up to $200,000; access up to $50,000 in your first year of study

What you’ll need to bring

  • Most Undergraduate Student Line of Credit Applications require a co-signor
  • Majority of Graduate and Professional Student Line of Credit Applications do not require co-signor
  • Current address and previous address (if current address is less than 3 years)
  • Your annual income (sources and amount)
  • Your monthly mortgage or rent amount
  • Your monthly payments (loans, credit cards, lines of credit)
  • Household costs (utility, property tax, insurance, etc.)
  • Proof of enrolment3
  • Social Insurance Number (optional)

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