TD Undergraduate. With some banks for certain programs, such as medical or dental student lines of credit, you may continue to have access to your student line of credit even after graduation. What is a student line of credit? While you are studying in school, you must pay monthly interest-only payments.
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Read MoreOnly pay interest on what you borrow, with no annual or monthly fees. A quick guide on what you can expect when looking into student lines of credit! A student line of credit can be used for various education-related expenses such as tuition fees, textbooks, supplies, and living expenses. You must also be a Canadian citizen or permanent resident. Student Line of Credit Alternatives.