Lines of Credit

Students First Line of Credit

A line of credit for life on campus.

Get it, keep it

T​o 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, ATB Mobile and any ATB ABM.

Ready to get started?

Assignments. Papers. Tests. When do you have time to worry about your finances? You won't have to with the Students First Line of Credit.

Need help?

Our Client Care team will be happy to assist.