Student Financial Aid

Personal Loan Plans are available from various Canadian banks. Prior to selecting a private loan, students are encouraged to apply for federal financial aid as well as investigate awards and scholarships. Applying for multiple loans at the same time can  reduce your credit score,  so be sure to thoroughly research your loan options before choosing the loan/credit-line that best fits your personal financial situation.

RBC Royal Credit Line for Students©

The Royal Credit Line for Students lets you focus on what's important: your studies. Available to full-time and part-time students who need to finance their studies, it allows you to take charge of your financial needs in a way the fits your lifestyle.

The Royal Credit Line for Students is different from a traditional loan in that it lets you borrow funds as you need them, and pay the interest on only the amount you use, without ever having to reapply. You get all the convenience and benefits with no annual fee.

As a student, you may qualify for one of RBC's best rates - Prime + 1%, which applies when you are at school and a for a 12 month 'grace period' after graduation.  

Further information about financial assistance is available from our Student Finance Office.