This student loan program is for you if you want1:

  • Access to funds while attending an accredited Canadian university or college
  • Pay interest only on the amount you use while you are in school, and for 12 months after graduation or residency (or 6 months if you leave your program without graduating)
  • $275,000* as a medical or dentistry student (including any residency programs such as radiology, anesthesiology, osteopathy and psychiatry)
  • $140,000* as a chiropractic or veterinary medicine student
  • $125,000* as an optometry, pharmacy or business studies (MBA, Executive MBA) student
  • $100,000* as a law student
  • $80,000* as an occupational therapy, physiotherapy or accounting student
  • $60,000* as a nursing or engineering student

Other student loan details:

  • Access your funds, transfer money and make payments on your line of credit from online banking or mobile banking, CIBC Banking Centres, bank machines, Telephone Banking, or by writing a cheque on the line of credit
  • Withdraw money from your Professional Edge® Student PLC at any CIBC bank machine or anywhere you see the INTERAC* symbol, using your CIBC debit card
  • Set up automatic payments via online banking or at your CIBC Banking Centre
  • Receive monthly statements for simplified record keeping
  • Pay off all or part of the loan at any time without penalty
  • If you leave the program without graduating, your CIBC Professional Edge® Student PLC will be converted to a Personal Loan

Repayment options upon graduation or residency completion:

  • You can convert your Professional Edge Student PLC to a Practicing Professional Line of Credit with interest-only payments
  • You can convert your Professional Edge Student PLC to a CIBC Personal Loan with set principal and interest payments or interest only payments, if qualified
  • All repayment options give you the same variable rate based on CIBC Prime

* Recommended limit guidelines based on Professional Programs offered through Canadian post-secondary institutions


Upon graduation or completing your residency:

  • Get up to 100% financing for your startup business
  • Qualifying students get free Transactions2 and no monthly fees on a CIBC Everyday® Chequing Account
  • Get a CIBC Credit Card with a $1,000 limit
  • Take advantage of the CIBC family of companies and advisors to get the financial advice you need moving forward

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