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.
Limited Time Offer
Get $250 with a new Student Line of Credit
When you apply before September 30, 2026. There’s no smarter way to head back to school.
- Borrow only what you need, when you need it.
- Pay interest only while you are in school.
- Build credit early and repay later — stress-free.
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.