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Student Advantage Line of Credit

A line of credit loaded with benefits

For full-time and part-time vocational, CEGEP and university students1.

  • Enjoy an attractive variable rate during your studies.
  • Pay only the interest on the principal during your full-time studies.
  • Get a line of credit by phone - Express service for members only.

Express service for members only

Call the Student Service Centre at 1-800-667-7972 and your line of credit could be available in 45 minutes (subject to credit approval).

Line of credit features you’ll like the most

Low interest rate during your studies and once you graduate

Minimum repayment during your studies

Accessible through your student account

Overdraft protection

For just a few dollars a month2, you can also take care of:

  • your tuition or internship fees
  • the purchase of school supplies (books, equiment, etc.)
  • the purchase of computer equipment (laptop, peripherals, software, etc.)3
  • your living and transportation expenses (the purchase of a car can also be eligible in some instances)

Interest rate

  • During your studies: variable rate
  • After graduating: low and flexible rate

Amount available

  • Credit limit high enough to meet your needs
  • Amount adjusted if you’re a part-time student or according to your field of study


  • Repayment of only the interest on the amount borrowed is required during your studies.
  • Option to defer the first repayment up to 12 months after completing your studies.
  • Pay off your loan at any time during your studies without being charged extra fees.
  • Loan terms:
    • Up to 5 years for vocational, college and CEGEP students
    • Up to 10 years for university students

Access to funds


  • Life insurance from Desjardins Insurance is available to protect your line of credit.Life insurance is required to get a Student Advantage Line of Credit. If you do not have life insurance, you can take out Desjardins Line of Credit Insurance.

    Learn more about Line of Credit Insurance.


  • Desjardins and COOPSCO members (cooperatives in the academic environment) enjoy a special offer.
  • An additional amount may be granted for certain fields of study that require significant expenses (books, equipment, etc.).
  1. Subject to approval by the credit department. A principal and interest payment is due for part-time students. Applicants must be Canadian citizens or permanent residents of Quebec or Ontario. Some conditions apply.
  2. For full-time students: Only interest on the borrowed principal is payable monthly. Credit charges begin to apply upon payment of each cash advance and are calculated daily on the amount spent. There are no membership fees and a monthly account statement is sent to the member if the balance is negative. Rates are for illustration purposes only and are subject to change without previous notice. Examples of monthly credit charges for $1,000: annual credit rate of 4%: $3.40; annual credit rate of 5%: $4.20; annual credit rate of 6%: $5.10. Credit charges do not include insurance charges. Some conditions apply.
  3. A one-time amount of $3,000 may be added for the purchase of a computer.

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Student Advantage Line of Credit
As of October 25, 2016