Student Line of Credit

Flexible options designed for student life

We have Student Lines of Credit that can help you pay for tuition, books and living expenses.

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

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 $125,000 over four years of study
  • Law: Up to $125,000 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 $325,000 and $100,000 in your first year
  • Medical: Up to $325,000 and $100,000 in your first year of study; continued access during residency
  • Veterinary: Up to $140,000; access up to $35,000 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 enrolment
  • Social Insurance Number (optional)


1 Subject to the terms of your Line of Credit Agreement.
2 Available 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.
3 Annual proof of enrolment required.
4 Maximum credit limit is subject to program.

Interac is a registered trade-mark of Interac Corp. Used under licence.

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