1.416.969.8845

Bank Solutions

Many Canadian financial institutions offer a student line of credit for those who may not be eligible for student loans or who demonstrate a need for financial aid above that which they’ve already received. Eligibility requirements, interest rates and maximum credit limits vary from bank to bank.   

In general, students only have to pay interest owing each month while still in school and most banks offer a 12-month “grace period” where interest on the principal borrowed does not have to be paid. Once the 12-month grace period ends, you start making monthly payments on the principal you borrowed. Visit some of the following banks to get more information:  

The Bank of Montreal
TD Canada Trust
RBC Royal Bank

You can also contact a financial assistance advisor at Academy of Learning College Bay/Bloor Campus to learn more about a student line of credit or any of the other financial assistance options that you may want to pursue. Invest in your future today!  

“Education is the movement from darkness to light.”

- Allan Bloom



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1255 Bay Street, Suite 600,
(Bay / Bloor)
Toronto, ON M5R 2A9, Canada
1.416.969.8845
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