Student Line of Credit
Invest in Your Education with Confidence
A flexible line of credit designed to support post-secondary students, so you can focus on your studies, not your finances.
Why Choose Libro’s Student Line of Credit?
- Flexible Borrowing: Borrow only what you need, when you need it—up to your approved limit.
- Interest-Only While in School: Pay interest only during your studies; repay the full loan later.
- Tailored Limits: Annual and total loan amounts depend on your program type.
- Easy Repayment: Your loan converts to a fixed repayment schedule one year after you finish school.
- Build Credit History: Start establishing a strong financial profile early.
How It Works
Apply
Provide proof of enrolment using a tuition invoice or course schedule.
Get Approved
The student is the primary borrower; parents may co-sign if needed.
Draw Funds
Access funds as needed, interest-only while in school.
Repay Later
Begin repaying principal and interest 12 months after graduation.
Line of Credit Features
Program Type |
Annual Maximum |
Total Maximum |
|---|---|---|
Red Seal Trade |
$10,000 |
No Limit |
College/University (Full-Time) |
$20,000 |
$80,000 |
College/University (Part-Time) |
$10,000 |
$60,000 |
Graduate Studies |
$40,000 |
$80,000 |
Professional Programs |
$40,000 |
$125,000 |
Medical/Dental |
$75,000 |
$300,000 |
What can you use a student line of credit for?
Tuition and Fees
Books and Supplies
Rent and Living Expenses
Certification or Trade Programs
Rates & Security Options
- Unsecured Rate: Prime + 1.5%*
- Secured Rate (cash or real estate): As low as Prime + 0.5%*
Peace of Mind Coverage
Optional insurance coverage may be available to reduce financial stress in the event of illness, injury, or death.
Ready to Get Started?
Talk to a Libro Coach today about how our Student Line of Credit can help you invest in your future.
*All rates are subject to change without notice.