A Meridian Student Line of Credit offers low interest payments during your studies to help pay your education costs. It is available to Members who are completing post-secondary education in Canada or abroad. We make it easy, you apply only once.
How much can I get?
Financial support is available for up to $6,000 per year - to a maximum of $24,000 for the entire 4-year post secondary program.
What are my options for repaying?
- Your Meridian Student Line of Credit offers flexible repayment options
- Pay only the interest while you are in school
- Repayment of your outstanding balance is delayed until six months after you graduate
What if I don’t get a job after graduation?
Don’t worry, if you haven’t landed a job you get another six month grace period before blended repayments begin.
What happens after I graduate or cease my studies?
Your line of credit is converted to a student loan with a fixed repayment schedule. This helps you pay your loan off faster, reducing your interest costs over the long run.
Are you planning on continuing your studies after graduation to pursue a professional designation? Ask about our Professional Student Line of Credit.
How do I get access to my money?
You can access your money - in-branch, the Contact Centre, online, through telephone banking and at ABMs using your Member Card.
Student chequing account
Open a Student Maximiser chequing account and take advantage of money saving options like no monthly fee and free deposits, as well as 24-hour access to your account
Travel Insurance
Planning to travel during your summer vacation? Maybe spring break? Make sure you don’t leave without travel insurance.
