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Student Line of Credit

In your first year of college or university, everything is new including the cost of your education. A BMO Student Line of Credit helps you plan for the expenses you expect and the ones you don't.

Full-time student post-secondary or university students

• Borrow up to $15,000 in your first year and up to $10,000 in each remaining year to a 4-year maximum of $45,000.
• Easy access to funds – BMO debit card, write a cheque or visit any branch.
• No annual, monthly or ATM fees
• Pay interest only on what you borrow while you're in school, and for one year post graduation
• Pay down your balance to access more funds

• Optional Creditor Life and Disability/Disability Plus Job Loss

Are You Eligible?

• Be a full-time student enrolled in a post-secondary school or university
• Be a Canadian citizen or landed immigrant
• Enrolled in a minimum 12 week program full-time with 20 hours of instruction per week
• Be in a program that will lead to a diploma or certificate

• Need help with budgeting for school? Click here for our Student Budget Calculator

• Learn more about the student line of credit