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Canada Student Financial Assistance Act

Version of section 12 from 2008-06-18 to 2024-08-18:


Marginal note:Issue of certificates

  •  (1) Subject to the regulations, the appropriate authority for a province designated under paragraph 3(1)(a) may, on application of a qualifying student, issue or cause to be issued a certificate of eligibility in the prescribed form, for a period of studies at a designated educational institution in or outside Canada, to or in respect of the student if that authority considers the student

    • (a) to have attained a satisfactory scholastic standard; and

    • (b) to be in need of financial assistance.

  • Marginal note:Amount needed

    (2) Where the appropriate authority considers that a qualifying student meets the criteria set out in paragraphs (1)(a) and (b), it shall determine the amount the student needs, taking into consideration

    • (a) the program of studies in which the qualifying student is registered;

    • (b) the cost of books and other course-related supplies; and

    • (c) whether the qualifying student is enrolled in an institution outside the province of residence of the student.

  • Marginal note:Contents

    (3) A certificate of eligibility must set out the social insurance number of the qualifying student and the maximum amount of the financial assistance that may be given to the student.

  • Marginal note:Maximum amount for certain full-time students

    (4) In the case of a full-time student, the maximum amount, for a province, of a student loan prescribed by regulations made under paragraph 15(1)(j), and in respect of which a certificate of eligibility is issued, is the lesser of

    • (a) the amount prescribed for that province, and

    • (b) the product obtained by multiplying

      • (i) the amount determined under subsection (2) for the student

      by

      • (ii) the percentage prescribed for that province.

  • Marginal note:Escalator

    (5) The amount referred to in paragraph (4)(a) may be adjusted annually by an escalator determined in accordance with the prescribed formula.

  • Marginal note:Maximum amount for part-time students

    (6) In the case of a part-time student, the maximum amount, for a province, of a student loan in respect of which a certificate of eligibility is issued is the prescribed amount.

  • Marginal note:Maximum amount

    (7) The maximum amount of financial assistance in respect of which a certificate of eligibility is issued, other than a loan to which subsection (4) or (6) applies, is the prescribed amount, or the amount calculated in accordance with the prescribed formulas.

  • Marginal note:Idem

    (8) The maximum amount of financial assistance in respect of which a certificate of eligibility is not required is the prescribed amount, or the amount calculated in accordance with the prescribed formulas.

  • 1994, c. 28, s. 12
  • 2008, c. 28, ss. 107, 110

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