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LOC after Residency


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I have a LOC at RBC and am currently in my final year of residency. It seems as though some people have their medical student LOC transition to a "professional" LOC that remains open afterwards. When I asked my advisor about this, she said: 

"Yes the LOC remains open but after the 2 year grace period it switches to a “reduce by payment” meaning your payments of principal and interest reduce the balance and limit.  Essentially you are then working at paying it off.  You can always re-qualify to have the LOC  under the Medical Professional platform but it will no longer be a student LOC so we use your income as opposed to projected income.  The rate however, remains very attractive."

Is this what others are getting told? Should I speak to someone else or negotiate this differently? 

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