What is a Student Line of Credit?
A student line of credit can help you borrow money for post-secondary education and related expenses, such as tuition and books. You can borrow up to your credit limit, and as you pay down your balance, those funds become available to you again. There is no need to reapply. It gives you access to cash when you need it, while only paying interest on what you borrow.
Benefits of an RBC Student Line of Credit
RBC’s Royal Credit Line for StudentsDisclaimer * gives you the flexibility to borrow when you need it, with a range of credit limits based on program of study. We offer competitive interest rates and flexible repayment timelines that consider your needs. Talk an RBC Advisor at a branch or call us for further details.
You can choose from three line of credit options, based on the program you’re enrolled in.
Royal Credit Line for
Students
Borrow money for post-secondary school, including undergraduate and graduate programs, college or trade school.
- Flexible credit limitsDisclaimer * starting at $5,000
- Only pay interest on what you borrow, with competitive interest rates based on the RBC Prime Rate (opens modal window) Disclaimer 2
- Flexible repayment timelines that consider student needs
Royal Credit Line for
Students in Professional Studies
For students enrolled in professional graduate or specialized health sciences programs, you can enjoy the freedom to borrow when you need it.
- A range of credit limitsDisclaimer * based on program of study
- Only pay interest on what you borrow, with competitive interest rates based on the RBC Prime Rate (opens modal window) Disclaimer 2
- Flexible repayment timelines that consider student needs
Royal Credit Line for
Medical and Dental Students
Take advantage of credit solutions designed to provide you with the freedom to focus on your schooling – and beyond.
- Borrow up to $350,000Disclaimer * with access to up to $100,000 in your first year of studyDisclaimer ^
- Competitive interest rates based on the RBC Prime Rate (opens modal window) Disclaimer 2
- Additional benefits when you participate in the RBC Healthcare AdvantageDisclaimer 3 plan, such as preferred rates on financial products, as well as specialized offers, advice and support for medical and dental students
Apply for a Student Line of Credit in Three Simple Steps
An RBC Advisor can offer personalized support through the application process. Here’s what you need to prepare.
Confirmation of Enrolment
Provide confirmation of enrollment in an eligible Canadian post-secondary educational institution.
- Invoice or receipt of payment for tuition
- Proof of enrolment letter from the Registrar’s Office
- Acceptance letter that includes proof of payment for tuition deposit
- Printout from the Registrar’s Office website with details confirming your enrolment.
Estimate of Costs
Provide an estimation of education costs that includes tuition, supplies, fees, accommodations, food, and travel.
Get started with our Student Budget Calculator (link opens in new window).
Your Financial Resources
Provide a list of your financial resources, including RESPs, scholarships/bursaries, government funding, summer employment, etc.
Note: Applications are subject to credit approval. If your credit history is limited, or you are studying at an educational institution outside of Canada, a co-signor may be required.
More Student Banking Solutions
RBC Advantage® for students
- Unlimited debit transactions in Canada
- FREE Interac‡ e-Transfer transactionsDisclaimer 6,Disclaimer 7
- Shop safely online with Virtual Visa DebitDisclaimer 14
- $48 annual fee rebate on RBC ION+ Visa CardDisclaimer 15
- No RBC fee to use another bank’s ATM in CanadaDisclaimer 8,Disclaimer 9

RBC ION+ Visa
- Earn 3X Avion points for every $1 spent on groceries, food delivery, rides, gas, streaming, subscriptions, digital gaming and more.Disclaimer 10
- Get up to 21,000 Avion pointsLegal Disclaimer 11 - that’s up to $150 of value in gift cards! Apply by November 25, 2025.
- The $48 annual fee of your RBC ION+ Visa will be rebated, every yearDisclaimer 12

Browse Student Credit Cards (link opens in new window)
Figure out how much money you'll need to get through the school year.
Get Started with Student Budget Calculator (link opens in new window)Stay Connected with Your Money using the RBC Mobile Student Edition App
It’s easy to access funds from your Royal Credit Line for Students. With the RBC Mobile Student Edition appDisclaimer 13, you can transfer money to your other RBC accounts, pay your student expenses, check your balance or make a payment.
Download the App (link opens in new window)
Learn More About Student Costs and Solutions
Budgeting For Your Post-Secondary Experience, At Home or Away
Money Confessions: What I Learned as a Student
Your Top Questions About Student Lines of Credit Answered
- Confirmation that you are enrolled at an eligible Canadian post-secondary educational institution
- An estimate of your education costs (including tuition, supplies, fees, accommodations, food, travel, etc.) Use our Student Budget Calculator (link opens in new window) to find your estimated education costs.
- A list of your financial resources (including RESPs, scholarships/bursaries, government funding, summer employment, etc.).
Apply for a Student Line of Credit
Your Credit Specialist can sit down with you one-on-one to help you create a secure financial future.
Book an Appointment (link opens in new window)Visit Us in Branch
View Legal DisclaimersHide Legal Disclaimers
Offer available July 3, 2025 - November 3, 2025 (“Promotional Period”)
This Promotional Offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise comply with the Terms of the Promotional offer. The Promotional Offer is AirPods 4 Reward with an Eligible Personal Banking Account.
To qualify for the AirPods 4 Reward you must open your first new Eligible Personal Banking Account by 9:00 PM EST on November 3, 2025 and complete two (2) of the following Qualifying Criteria by 9:00 PM EST on January 30, 2026 using your Eligible Personal Banking Account:
NOTE: Qualifying Debit Transactions are defined as Bill Payments or purchase transaction using any of the following: your RBC Client Card, an RBC Virtual Visa Debit card associated with your Eligible Personal Banking Account, Interac Flash, Apple Pay, Google Pay, Samsung Pay. Transactions carried out at an RBC Royal Bank branch or through the RBC Royal Bank ATM network, and bank fee transactions, are not included as qualifying transactions for the purpose of option ii (above)
NOTE: You must be at least 14 years of age to obtain an RBC Virtual Visa Debit card. As such, option ii. (above) of this section is only available to individuals who meet this minimum age requirement; if you are below the age of 14 and participate in this Promotional Offer, you must select one of the other eligible transaction types described.
Starting August 11, 2025, we will notify you – by way of an email sent to the email address you have provided to us – when you have fulfilled the Qualifying Criteria and qualified for the Promotional Offer. This message will be sent at any time up to ten business days after we have determined that all Qualifying Criteria have been completed by you. The email message will contain a secure link that will permit you to visit a secure online store where you can order your Reward and confirm an address for delivery, as well as any other shipping details.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers unless otherwise indicated. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. Other conditions apply. For full details including defined terms visit rbc.com/airpodsterms.
Royal Bank of Canada may withdraw or amend this Offer at any time without notice. For full details including defined terms visit rbc.com/airpodsterms.
This Royal Credit Line for Students Promotional Offer (the “Promotional Offer”) is available June 2, 2025, to November 3, 2025 (the “Promotional Period”).
The Promotional Offer is available to eligible students who, as of the start of the Promotional Period, do not have a Royal Credit Line with Royal Bank of Canada and who otherwise comply with the terms and conditions (the “Terms”) provided herein. The Promotional Offer is: $200 for an eligible individual enrolled in an Undergraduate or General Program, or $575 for an eligible individual enrolled in a Professional Program (as described below).
“General Program” means all undergraduate and graduate programs, such as a master’s degree or Doctor of Philosophy degree (PhD), excluding Professional Programs. “Professional Program” means professional graduate or specialized health science programs and includes Special and Study Abroad programs. For additional details, visit Student Line of Credit – Professional Studies Benefits – RBC Royal Bank. Individuals enrolled in Medical or Dental programs of study, that awards them with a recognized Medical Doctor (MD) designation, or Doctor of Dental Surgery (DDS) or Doctor of Dental Medicine (DMD), whether in or outside Canada are ineligible for this Promotional Offer. Additional conditions apply. Please speak with an RBC Credit Advisor to confirm your eligibility for this Promotional Offer and whether your program of study meets the criteria of a General Program, or Professional Program, as applicable.
To qualify to receive the applicable benefit of this Promotional Offer:
In addition to any other exclusions described in these Terms, this Promotional Offer is not available in respect of (i) Credit Limit Increases on existing Student RCLs; (ii) Student RCLs that were opened prior to the Promotional Period; (iii) Student RCLs held by individuals who have already completed their studies (as applicable), even if their Student RCL remains open during or after the Promotional Period; (iv) Student RCLs held or opened by individuals enrolled in programs of study other than an eligible general or professional programs (as described above).
Primary applicants only (the student is eligible if there is a co-signor on the account).
If you qualify to receive the benefit of this Promotional Offer, the amount you qualify to receive, as applicable, will be deposited into your eligible RBC Canadian dollar Personal Banking Account between up to within twelve (12) weeks of your Student RCL activation date (no action required from you). In order to receive the amount for which you have qualified, you must have or open, and maintain in good standing, an active Canadian dollar personal banking account with Royal Bank of Canada before the cash bonus is paid. If you do not have such an account as of the date we attempt to deposit the benefit of this Promotional Offer, you will forfeit this amount and be deemed to have not qualified for the Promotional Offer.
Only one Promotional Offer payment per client per activated Student RCL. Promotional Offer and Student RCL applications are subject to Royal Bank of Canada’s standard lending criteria and other applicable restrictions.
(i) “Grocery Stores and Supermarkets” (MCC 5411), “Eating Places and Restaurants” (MCC 5812), “Drinking Places (Alcoholic Beverages) – Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques” (MCC 5813), “Fast Food Restaurants” (MCC 5814), “are “Grocery, Dining, and Food Delivery Purchases”. Government liquor agencies and package stores that sell beer, wine, and liquor do not qualify as part of the “Drinking Places (Alcoholic Beverages) – Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques” MCC;
(ii) “Service Stations (With or without Ancillary Services)” (MCC 5541), “Automated Fuel Dispensers” (MCC 5542), “Taxicabs and Limousines” (MCC 4121), “Local and Suburban Commuter Passenger Transportation, Including Ferries” (MCC 4111), “Electric Vehicle Charging” (MCC 5552) are “Rides, Gas & Electric Vehicle Charging Purchases”. Non-commuter passenger railway purchases and non-commuter bus line purchases do not qualify as part of “Rides, Gas & Electric Vehicle Charging Purchases”.
(iii) “Digital Goods Media – Books, Movies, Music” (MCC 5815), “Digital Goods – Games” (MCC 5816), “Digital Goods – Applications (Excludes Games)” (MCC 5817), “Digital Goods – Large Digital Goods Merchants” (MCC 5818), “Cable, Satellite and Other Pay Television/Radio/Streaming Services” (MCC 4899) are “Streaming, Digital Gaming & Subscriptions Purchases”. The “Digital Goods – Games” MCC does not include games of chance and gambling.
You will earn 1 Avion point for every $1.00 on all other purchases (including pre-authorized bill payments) you make on your RBC ION+ Visa credit card.
Even though some merchants may sell Grocery, Dining, Food Delivery, Rides, Gas, Electric Vehicle Charging, Streaming, Digital Gaming & Subscriptions merchandise, purchases made at these locations may not necessarily qualify as Eligible MCCs if the merchant is not classified as such by Visa. Also, you may make a purchase at a merchant that is not classified as an Eligible MCC but is located on the premises of a merchant that is classified as an Eligible MCC, in which case your purchase would not qualify as an Eligible MCC. We cannot guarantee that any merchant, operating in whole or in part as a Grocery, Dining, Food Delivery, Rides, Gas, Electric Vehicle Charging, Streaming, and Digital Gaming & Subscriptions merchant is classified as an Eligible MCC and in no event will we be liable or responsible for any claims with respect to a Grocery, Dining, Food Delivery, Rides, Gas, Electric Vehicle Charging, Streaming, and Digital Gaming & Subscriptions Purchase made at a merchant that is not classified as an Eligible MCC. Avion points are earned on net purchases only; they are not earned on cash advances (balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the points earned by the amounts originally charged.
To be considered an eligible student for the purposes of one of the promotional offers described above, you must be enrolled in an eligible program of study at the post-secondary level at a college, university, or other educational institution, as more particularly described in the terms and conditions for the relevant promotional offer. Proof of enrolment may be required.
7,000 Avion points (“Welcome Points”) will appear on your monthly credit card statement within sixty (60) days after your application has been approved, provided that your RBC ION+ Visa credit card account (“Credit Card Account”) remains open and in good standing at the time the Welcome points are credited to your account, “good standing” meaning that your Credit Card Account must not be past due for more than two (2) consecutive credit card account statement periods, closed, charged off or in credit revoked status.
14,000 additional Avion points will be awarded to you if a total of $1,500 or more in qualifying net purchases and/or pre-authorized bill payment transactions (“Qualifying Transactions”) are posted to your RBC ION+ Visa credit card account within the first 6 months from the date of your credit card account open date, provided your account is open and in good standing at the time you reach $1,500 in Qualifying Transactions. Please allow 60 days after this requirement is fulfilled for the additional Avion points to be awarded to your account. Qualifying Transactions exclude cash advances (including balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges, and fees. Any credits for returns and adjustments that reduce the amount of Qualifying Transactions below $1,500 will cancel your additional Avion points.
Additional cardholder(s), as well as existing cardholders of any RBC Royal Bank personal credit cards, applying for or transferring to an RBC ION+ Visa card are not eligible for this offer. If you close or change your RBC ION+ Visa credit card for another type of RBC Royal Bank credit card before the Welcome Points have been credited to your account, you may lose the benefit of this offer. This offer may not be combined or used in conjunction with any other offer. Royal Bank of Canada reserves the right to cancel, modify or withdraw this offer at any time. For complete terms and conditions that apply to the Avion Rewards Program, please visit www.avionrewards.com or call 1-800-769-2512
To get $150 worth of gift cards/certificates, you will need a total of 21,000 Avion points. Minimum redemption of 1,400 Avion points for most $10 gift cards/certificates. Some exceptions apply. Point redemption values may fluctuate. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, as well as for current point redemption values, please visit https://www.avionrewards.com/terms-and-conditions.html or call 1-800-769-2512.
Subject to credit approval. If you are either i) post-secondary student of any age, or ii) a non-student age 24 and under, and an owner or co-owner of an RBC Advantage™ Banking Account for students (“Eligible Student Bank Account”) and the primary cardholder of one of the eligible RBC Royal Bank credit cards listed below (each, an “Eligible Credit Card”), the annual fee of your Eligible Credit Card may be fully rebated, every year. Rebates that apply to eligible credit cards are (listed in order of highest standard annual fee to lowest standard annual fee):
RBC ION+ Visa | $48 |
WestJet RBC MasterCard | $39 |
For any other RBC Royal Bank credit card, regular annual fees apply as they are not eligible for a rebate. The annual fee of your Eligible Credit Card will continue to be fully rebated: i) until you close your Eligible Student Bank Account, or ii) until you turn 25 (provided you are no longer a full-time student), or iii) if you are 25 or older, until the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account. Thereafter, the annual fee will no longer be rebated. If, for some reason, the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account differs from the one you have indicated on your credit card application, the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account will prevail and be used for determining the expiry of this offer. If your Expected Graduation Year occurs after your 25th birthday, or you are turning 25 and are still a full-time student but have not yet notified us of your Expected Graduation Date, please visit a branch to ensure continuity of benefits pertaining to your Eligible Student Bank Account (proof of enrollment required). Additional cardholders (co-applicant and authorized user(s)) do not qualify for the annual fee rebate even if they are also owners of an Eligible Student Bank Account. Only one credit card annual fee rebate per Eligible Student Bank Account is allowed. If you already have an Eligible Student Bank Account, the rebate will be applied at the time you open your Eligible Credit Card account. If you open your Eligible Student Bank Account after you have opened your Eligible Credit Card account, the rebate will be applied at your next annual renewal and won’t be applied retroactively. Other conditions and restrictions may apply. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.