Professional Students Line of Credit
Fund your professional education.
Get approved
Provide proof of enrolment in an eligible professional or graduate program and get approval with good credit history.
Get lower interest
A preferred interest rate means you get lower interest than on a personal line of credit. You can concentrate on book learning, not bookkeeping.
Repay on your terms
Pay only monthly interest while you're in school and for up to 24 months after graduation. Take up to 25 years to repay principal and interest—or pay in full any time without penalty.
Know your limits
Borrow up to $350,000 if you're studying medicine or dentistry. Borrow up to $125,000 if you're a student in another eligible profession.
Hold your flexibility
After the grace period, while converting your Professional Students Line of Credit into a personal loan at the same rate, you will be able to allocate up to $25,000 ($50,000 for medical/dentistry students) as a Personal Line of Credit.
Key product details
| Interest rate | Preferred, variable, based on ATB's prime rate |
| Fees | None |
| Credit limit | From $5,000 to between $125,000 and $350,0001 (based on profession) |
| Repayment schedule | Flexible, up to 25 years |
Frequently Asked Questions
To open a new Professional Students Line of Credit, you must provide proof of enrolment in a full-time program at a not-for-profit Canadian or US university.
Acceptable proof of enrolment can include an original copy, photocopy, faxed copy, scanned copy or clear photo of:
- A receipt for payment of tuition
- A letter of acceptance from a qualifying post-secondary educational institution
- A legible copy of a student's timetable showing their name, the name of school and dates of the term
We'll reach out to you if we need to confirm your enrolment to maintain your students status in September of each year.
You must also complete a credit check that establishes either good or unestablished credit history to qualify for this LOC. A qualified co-borrower might be required.
The Professional Students Line of Credit is available to medicine or dentistry students (up to $350,000), and chiropractic, veterinary medicine, optometry, pharmacy, physiotherapy, podiatry, masters of business administration, executive masters of business administration, masters of engineering, law, and accounting students (up to $125,000).
Students studying to be doctors or dentists can advance up to $87,500 each year over four years. Students in all other professional programs can advance up to $31,250 each year over four years.
Yes—but you'll need to sign with a co-borrower residing in Canada. Other conditions may apply, please check with our borrowing experts for more information.
You can access your LOC through ATB Personal, the ATB Personal app and any ATB ABM.
Ready to get started?
With a Professional Students Line of Credit, you can focus on your higher education, not how you're going to afford it.
Smart student banking solutions
A line of credit for life on campus
The Students First Line of Credit
This low-interest line of credit (LOC) is a no-brainer deal for students. Access money as you need it and repay on your terms.
The card that pays you
ATB Gold Cash Rewards Mastercard®
This Mastercard is a smart choice for students thanks to its $0 annual fee and unlimited cash back.
Fund your professional education
The Professional Students Line of Credit
Professional training isn’t easy. But funding it can be. Enjoy a preferred interest rate and take up to 25 years to repay.
No risk. No fuss. No monthly fee.
The Springboard Savings® Account
Premium interest plus no obligations or minimum balance equals one great deal for students. Balances over $5,000 earn even more!
Your ticket to the career—and lifestyle—you want.
The Apprenticeship Line of Credit
Step into your future with confidence—and immediate, reusable access to your full approved amount. Plus, repay on your terms.
Fee freedom for digital bankers
The No-Fee All-in Digital Account®
This student-friendly account comes with a line of credit—plus unlimited digital transactions and no monthly fee or minimum balance.
Investing made easy
ATB Prosper
It's never too early to start saving—with ATB Prosper, it's simple. Just tell us your goal and we'll give you a personalized plan to get there.
Based on approved credit.
Related documents: Little Book of Personal Line of Credit (PDF)