Student Advantage Line of Credit

Meets your financial needs so you can rest easy during your studies.

This line of credit is reserved for full-time and part-time¹ vocational, college and university students, of any age.

Calculate the credit charges on a Student Advantage Line of Credit

Features

• Can be a financing solution if you do not qualify for government financial aid or if it is not enough to cover your educational costs.
• May be used for:
  • tuition, entrance fees and expenses;
  • work study program charges;
  • books, school supplies, computer² or special training equipment;
  • living (food, housing) and transportation expenses.
• Only one requirement: interest on the amount borrowed must be paid back while you are still a full-time college , cégep or university student. Once your studies are completed, the line of credit is converted into a personal loan at the interest rate in effect at that time for this type of loan. The first repayment on the capital can postponed 6 months following your graduation. You can opt for a 10-year term.
• Line of Credit Insurance (life and disability) available.

Advantages

• While you are still in school, you only have to pay the interest on the borrowed principal.
• Desjardins and COOPSCO members can take advantage of a special offer.
• You can also obtain a line of credit if you are studying part-time. The maximum amount granted is equivalent to 50% of the maximum limit for full-time students².
• Additional financing can be granted for certain programs of study that require major expenses (books, equipment, etc.)

How much can I afford?

The amount available to you varies according to your needs¹.

A caisse financial advisor will work you to determine the amount of the line of credit you may qualify for by evaluating your needs.

Level of study	Maximum limit for Quebec students		Maximum limit for Ontario students
	Annual	Overall	Annual	Overall
AEC, DEC or AVS (depending on the number of years)	$3,000	$6,000	N/A	N/A
Vocational training (1 year of college in Ontario)	$3,000	$3,000	$5,000	$5,000
College (2 or 3 years of study)	$3,000	$9,000	$5,000	$15,000
Undergraduate university studies (4 years)	$6,000	$24,000	$10,000	$40,000
Graduate university studies (master's or doctorate)(2 years)	$6,000	$12,000	$10,000	$20,000

Did you know?

Desjardins can help you make the most of school and finances by allowing you to combine a Student Advantage Line of Credit with a VISA Desjardins FOR STUDENTS ONLY card.

	Online (Members)	Fill out the form
	From a student services representative (Members and non-members)	Make an appointment with a student services representative. Find contact information for the student services representative at your university.
	At the caisse (Members and non-members)	Make an appointment with a caisse advisor: online by phone

1. Subject to approval by the credit department. A principal and interest payment is due for part-time students. Certain conditions apply.
2. A one-time amount of $3,000 may be added for the purchase of a computer.