Just to follow up with the Scotia LOC un Calgary: they automatically apply for -0.25% without asking the student. No, the line is not locked at whatever initial rate (I was totally wrong ) and the letter of acceptance received initially, the one that says that admission is dependent on fulfillment of certain other conditions (completing vaccines, CPR, police check, etc) is enough to start the process of approval for the LOC but not to actually fund it. A definitive letter of enrollment will grant a student access to the money. Is this most people's experience outside Calgary as well?