Lines of Credit

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

Need help?

Our Client Care team will be happy to assist.