Student lines of credit
A student line of credit is a flexible loan from a bank that lets you borrow what you need, when you need it. You only pay interest on what you use.
You鈥檒l start paying interest right away
Depending on your age, you may need co-signer. By co-signing, they are agreeing to be responsible for paying back the loan if you are unable to.
Terms and repayment vary by bank
Compare options across banks to find the best fit
Ask questions so you understand the terms
Use credit wisely鈥攂orrow only what you can repay
Student banking resources
Most Canadian banks offer tools and services designed for students鈥攍ike lines of credit, student accounts, and budgeting support鈥攖o help you manage your money while you study.
If you鈥檙e exploring your options, these are a few places to start:
Receiving your loan funding
Most student loans are processed electronically by the Registrar鈥檚 Office shortly before classes begin. To avoid delays, register in all required courses for the terms covered by your loan.
Once your loan is approved, you can track it in (Student Awards and Financial Aid tab).
If you have questions:
Email: studentloans@dal.ca
Phone: 902-494-2450