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

You don't have to pay back your student line of credit, or student working capital, as long as you’re a full-time student. You only have to pay back the interest on the amount used each month. Repayment begins when you take up full-time employment or no later than 12 months after you complete your full-time studies.


Are you a medical, dental, pharmacy, optometry, veterinary, podiatry, chiropractic or engineering student?

You don't have to pay any principal, interest or insurance premiums until 12 months after you graduate or lose your full-time status.


However, you must stay within the authorized credit limit and interest accrues during this period and is added to the original loan each month.

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