Everything you need to know about accessing TD’s Student Line of Credit

For many students, earning a degree is a dream come true — but without financial support, that dream can feel out of reach.

In fact, according to TD research¹, 41 per cent of Canadian students say they would be concerned about financing their professional graduate program if they got accepted. That’s nearly half of students worried about their future before it’s even begun.

That’s why TD has increased the limit on its Student Line of Credit for medical, dental, and veterinary students — making it easier to access the funding they need to get through school and into practice.

Why it matters

The shortage of physicians and healthcare professionals is a well-known problem across Canada. It’s estimated that around 6.5 million Canadians don’t have access to a family doctor.

One way to help solve this issue is by helping more future doctors, dentists, and vets afford the education they need.

What TD offers

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TD’s expanded Student Line of Credit offers up to $400,000 for medical and dental students, and up to $250,000 for veterinary students.

Medical and dental students can access up to $100,000 in their first year — with an additional $25,000 available for eligible specialty dental programs. Meanwhile, veterinary students can access up to $62,500 in their first year.

TD’s personalized service also offers guidance and advice from personal bankers who understand the unique needs of these students.

Students will also have continued access to their Student Line of Credit during residency and interest-only payments up to two years after graduating or completing residency — helping the next generation of healthcare professionals turn their dreams into reality.

How to apply

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If you’re interested in TD’s Student Line of Credit, you can set up an appointment online and get matched with an advisor virtually, or in a branch nearest you.

The TD Student Line of Credit is available to students with proof of enrollment to a Canadian or US medical, dental, or veterinary institution.

You can use the TD Student Budget Calculator to figure out the total estimated cost of school and get a realistic forecast on your expenses.

Plus, most Canadian students attending a Canadian medical, dental, or veterinary school will not require a co-signer to obtain a TD Student Line of Credit, making applying that much easier.

Head over to TD.com to book an appointment and chat with a TD Personal Banker about TD’s Student Line of Credit.

This content is for general informational purposes only and does not constitute financial, investment, legal, tax, or accounting advice.

^{1. This Maru Public Opinion survey conducted on behalf of TD Bank was undertaken by the sample and data collection experts at Maru/Blue. 1,029 randomly selected Canadian adults who are Maru Voice Canada online panelists were surveyed from July 26th to August 4th 2024, of which 514 were enrolled post-secondary students and 515 were parents of children currently enrolled in post-secondary school. The results of this study have been weighted by region to match the population, according to Census data. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 4.3%, 19 times out of 20. Discrepancies in or between totals when compared to the data tables are due to rounding.}