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Government Loans for Students

A student government loan is a wise choice for funding your education. There are no interest or principal payments during your studies as long as you remain in full-time attendance. Repayment begins six months after you have completed your studies. For more information about student government and private loan options please review the guide provided by The Office of the Registrar.

Click on the provincial names below to access the provincial government websites:

Who do I contact about government loans?

Due to Ministry Requirements, all government loan inquiries (i.e.: OSAP) must be directly addressed to Western Financial Aid ( /519-661-2100).  If you wish to discuss your OSAP application, please contact your Western Financial Aid Counselor.

Private Bank Loans

TD Canada Trust, BMO and RBC offer preferred opportunities for Student Lines of Credit to Ivey HBA students who have a financial shortfall for their education financing.  The features of each are:

TD Canada Trust 

HBA students with the Financial Aid letter (which is accepted by TD as a form of confirmation of enrollment) and contingent on good credit standing usually do not require a co-signor.

  • Student Line of Credit of up to $30,000 per year in each HBA1 and HBA2 to a lifetime maximum of $80,000 (including first two years of University)
  • No co-signor required for qualified students
  • Interest rate of TD Prime Rate + 0.0%
  • Interest-only payments required while you study and up to 24 months after graduation
  • No principal payments are due until 24 months after you leave school
  • Once you leave school, your line of credit converts to a student loan
  • Loan amortization of up to 15 years designed to make the principal and interest payments affordable.
  • Applicant must be a Canadian citizen or hold permanent residency status
  • Some conditions may apply and vary


  • Line-of-credit maximum of $80,000 over the 2 HBA years of study
  • Interest rate: Prime + 1%
  • Interest-only payments until graduation, repayment of principal will begin 2 years after graduation
  • Applicant must be a Canadian citizen/permanent resident status or have a cosigner who is a Canadian citizen/permanent resident status
  • Co-signer is required
  • some conditions may apply and vary


  • Line-of-credit based on client needs to cover education related costs
  • Co-Signor required
  • Credit line interest rate: Prime + 1.0%
  • Repayment interest rate: Prime + 3.5%
  • Applicant much be a Canadian citizen or hold permanent residency status
  • Grace period: two years after graduation interest only continues

 The following financial advisors would be happy to provide more information about their program:


TD logo


University Gates Branch

Nelson Ceballos
ext. 250
Branch Manager

Danielle Rozario
ext. 231


(519) 673-6020

BMO logo


Karen Pettigrew

Laura Van




96 Fanshawe Park Road E Branch

Anessa Harb
(519) 675-2506

Feiye Chen (speaks Mandarin)

Kiranjot Singh

1265 Fanshawe Park Rd W Branch

James Kingsland
(519) 680-6015

1530 Adelaide Street North Branch

Stephanie Fisher-Hernandez


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