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How soon do I need to repay my student line of credit?

As long as you are a full-time student, you won't be required to repay the balance of your student line of credit. Only the interest on your balance used must be paid each month.

You'll start repaying your line of credit when you take on a full-time job or 12 months after the end of your full-time studies.

Are you a student in medicine, dentistry, pharmacy, optometry, veterinary medicine, podiatry, chiropractic medicine or engineering? You won't have to repay your principal, interest or insurance premiums until 12 months after the end of your studies or following the loss of your full-time student status. However, you must respect your authorized credit limit. Interest will accrue during this period and is capitalized monthly.

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