You don't have to pay back your student line of credit, or student working capital, as long as you’re a full-time student. You only have to pay back the interest on the amount used each month. Repayment begins when you take up full-time employment or no later than 12 months after you complete your full-time studies.

 

Are you a medical, dental, pharmacy, optometry, veterinary, podiatry, chiropractic or engineering student?

You don't have to pay any principal, interest or insurance premiums until 12 months after you graduate or lose your full-time status.

 

However, you must stay within the authorized credit limit and interest accrues during this period and is added to the original loan each month.