Professional Edge Student Program | Lending

Borrow up to $350,000* to help pay for tuition, living expenses, books and supplies.

Meet with us Apply online

Get $100^† with CIBC Smart™ Start and $50^‡ for each student you refer! Learn more about CIBC Smart Start.

Earn up to $500 for student referrals every year.^‡ Learn more

Apply online, find a branch, or call 1-866-525-8622

Check out these great benefits

Access your line of credit anytime online or with our mobile app

Get a great low interest rate, as low as CIBC Prime^† minus 0.25%* (currently RDS%rate[1].PRIME.Published(null,null,null,null)(#O2#)% - 0.25*)

Make interest-only payments while in school and up to 24 months² after graduation, residency or articling

Get a free SPC+ membership^‡ and level up your savings with up to 30% off 450+ brands you love. Unlock VIP contests, next-level giveaways, and exclusive perks that make everyday life anything but basic. With SPC+, the best deals aren’t just deals — they’re a lifestyle.

Learn more about SPC+.

Borrowing options designed with you in mind

Apply once to get ongoing access to your cash while you’re at school.

Field of study	You could get up to	Your rate
Medicine	$350,000	CIBC Prime ^† - 0.25%
Dentistry	$350,000	CIBC Prime ^† - 0.25%
Optometry	$125,000	CIBC Prime ^† - 0.25%

Learn more

Field of study	You could get up to	Your rate
Chiropractic Medicine	$140,000	CIBC Prime^†
Veterinary Medicine	$140,000	CIBC Prime^†
Business (including MBA and EMBA)	$125,000	CIBC Prime^†
Pharmacy	$125,000	CIBC Prime^† + 0.25%
Law	$100,000	CIBC Prime^† + 0.25%
Occupational Therapy, Physiotherapy or Accounting	$80,000	CIBC Prime^† + 1%
Nursing or Engineering	$60,000	CIBC Prime^† + 1%

Learn more

Here’s what you need to apply

Proof of Canadian residency or citizenship

Proof of enrolment at a Canadian accredited university or college

An estimate of your education costs (use this student budget calculator)

Note: Applications are subject to credit approval. If your credit history is limited, a guarantor is required. Qualified applicants studying at a Canadian school do not require a guarantor.

Ready to get started?

Meet with us Apply online

How to repay your line of credit

While you’re in school

Maintain your line of credit with interest-only payments¹
Get an idea of what you’ll need to repay with this line of credit calculator

Up to 24 months² after graduation, residency or articling

Continue making interest-only payments
Pay off all or part of the line of credit at any time without penalty

1 year after graduation, residency or articling

Convert your line of credit to one of the following borrowing options:

Practicing Professional Line of Credit

CIBC Personal Line of Credit

CIBC Personal Loan

Student Life Network Full Ride Contest

You could win $35,000^◊◊ for tuition

How to enter:

Step 1

Get a new CIBC student bank account, credit card or line of credit

You have until December 31, 2024.

Graduation cap, credit card, and debit card

Step 2

Join Student Life NetworkOpens a new window in your browser

Already a member? Just remember to open your new CIBC bank account, credit card, or line of credit before December 31, 2024 to enter the contest.

You’ll be automatically entered for a chance to win $35,000. On January 9, 2025, a winner will be picked from active SLN membersOpens a new window in your browser.

No purchase necessary. Review the full contest rules (PDF, 160 KB) Opens in a new window..

^◊◊NO PURCHASE NECESSARY. Open January 1, 2024 to December 31, 2024 to legal residents of Canada who are 16 years of age or older and are current students of an accredited Canadian university, college or secondary school. One Grand Prize available to be won consisting of:

One cheque for $8,750 made payable to the winner;
One 1-year GIC for $8,750 opened in the winner’s name;
One 2-year GIC for $8,750 opened in the winner’s name; and
One 3-year GIC for $8,750 opened in the winner’s name.

Odds of winning depend on number of eligible entries received. Math skill test required. Read full contest rules (PDF, 160 KB) Opens in a new window..

Winner will be picked January 9, 2025. Check full rules for other ways to enter.

* Borrow up to $350,000 depending on your field of study. Recommended limit guidelines are based on professional programs offered through Canadian post-secondary institutions. Approval is subject to applicants meeting CIBC’s normal lending criteria. Credit limit is determined by CIBC, in its sole discretion. Part-time students are eligible for reduced credit limits determined by CIBC. A qualified guarantor may be required. Ongoing access to your Professional Edge^® Student Line of Credit and annual credit limit increases (if applicable) are subject to proof of enrolment, a continued good payment history and credit record and a satisfactory cash flow analysis, determined by CIBC in its sole discretion. Certain conditions and restrictions apply. Products and their features may change at any time. The rate is applicable to accredited Canadian medical schools only.

^† CIBC Prime Rate is RDS%rate[1].PRIME.Published(null,null,null,null)(#O2#)% on RDS%SYSTEM_DATE(#M# #d#, #Y#)%. Refer to the current CIBC Prime Rate. CIBC Prime Rate is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on your line of credit will change whenever CIBC Prime varies or whenever we change your variable interest rate in CIBC’s sole discretion.

^‡ To be eligible for a free SPC membership, you must hold an eligible CIBC product at the time you register for the membership, which you must do through CIBC online or mobile banking. Eligible CIBC products include a CIBC Youth or Student bank account, Student credit card or Student line of credit. A complete list of eligible CIBC products can be found at SPC and CIBC. Joint account holders of eligible CIBC products are not eligible for membership. You must also be a legal resident of Canada who is fourteen (14) years of age or over, but under the age of thirty (30) years if the eligible CIBC product you use to qualify for the membership is a student line of credit. The membership will automatically renew and remain in effect for as long as you hold an eligible CIBC product.

Trade-mark/registered trade-mark of Student Price Card Ltd.

¹ If you leave your program without graduating, your CIBC Professional Edge^® Student Line of Credit will automatically convert to a CIBC Personal Loan with set principal and interest payments.

² Up 24 months after graduation from an accredited Canadian medical, dental or optometry school, or up to 12 months after graduation, residency or articling from other qualified CIBC Professional Edge studies.

Trademarks

CIBC Professional Edge® Student Program

Check out these great benefits

Borrowing options designed with you in mind

Here’s what you need to apply

Ready to get started?

How to repay your line of credit

While you’re in school

Up to 24 months2 after graduation, residency or articling

1 year after graduation, residency or articling

Student Life Network Full Ride Contest

You could win $35,000◊◊ for tuition

CIBC Professional Edge^® Student Program

Up to 24 months² after graduation, residency or articling

You could win $35,000^◊◊ for tuition