Students First Line of Credit
A low-interest line of credit with flexible repayment for life on campus.
Get it, keep it
To open this low-interest line of credit (LOC), complete a credit check and submit proof of enrolment by September 30th of your post-secondary school year.
Access when you need to
Borrow up to $60,000 up-front if you sign with a qualified co-borrower. Or take sole responsibility—borrow up to $15,000 each year for up to four years.
Repay on your terms
Pay only interest each month you're in school and for 12 months after graduation. Then, establish a repayment schedule with up to 20 years to repay the funds you borrowed.
Key product details
| Interest rate | Variable, ATB's prime rate + 1% |
| Fees | None |
| Credit limit | Up to $60,0001 |
| Repayment schedule | Flexible, up to 20 years |
Frequently Asked Questions
To qualify for the Students First Line of Credit, you must provide proof of enrolment in a full-time program at a Canadian or American not-for-profit university, college, or technical school. High school upgrading and private for-profit vocational schools are not eligible. Your program term must be at least one year.
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 student's timetable showing name, name of school and dates of the term
We'll reach out to you if we need to confirm your enrolment to maintain your student status in September of each year.
You must also complete a credit check to qualify for this LOC.
Yes, you are still eligible for this account. International students must have a qualified co-borrower who is a resident of Alberta.
Yes. You can access your LOC through ATB Online, the ATB Personal app and any ATB ABM.
We have a line of credit specifically for students pursuing higher education in industries like dentistry and medicine. Check out our Professional Students Line of Credit.
Ready to get started?
We know you're busy with assignments, tests and everything else that goes into being a student. Keep your finances uncomplicated with the Student First Line of Credit—it's easy to apply.
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
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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)