GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Canada Student Financial Assistance Regulations — Canada Student Financial Assistance Regulations
assignor lender means a lender that assigns a borrower’s outstanding risk-shared loan agreements in accordance with this section. ( prêteur cédant )
Canada Student Financial Assistance Regulations — 14
14 (1) No assignment of risk-shared loan agreements shall be made unless the borrower has (a) complied with subparagraphs 6(1)(d)(i) and (e)(i) or 7(1)(d)(i) and (e)(i) or 12.1(1)(d)(i) or 12.2(1)(d)(i), where applicable to the borrower, or (b) paid to the assignor lender all instalments required from the borrower in accordance with that borrower’s risk-shared loan agreements to the date of the request to assign, where none of the provisions referred to in paragraph (a) apply to the borrower. (2) A risk-shared loan agreement in respect of which a judgment has been obtained shall not be assigned. (3) An assignee lender may require that the borrower enter into new agreements with the lender in the form approved by the Minister for that lender and, where such a requirement is imposed, the assignment shall take effect on the day those agreements are entered into. SOR/96-368, s. 4; SOR/2000-290, s. 11
Canada Student Financial Assistance Regulations — 14.1
14.1 (1) The definitions in this subsection apply in this section. transferee branch means a branch of the lender to which a borrower’s outstanding risk-shared loan agreements are transferred in accordance with this section; ( destinataire du transfert ) transferor branch means a branch of the lender that transfers a borrower’s outstanding risk-shared loan agreements in accordance with this section. ( auteur du transfert ) (2) Subject to subsection (5) a borrower may request the transfer of all of the borrower’s outstanding risk-shared loan agreements if the following conditions are met: (a) the borrower completes the prescribed form to request a transfer of risk-shared loan agreements, (b) the borrower submits the completed form to the transferor branch, and (c) the transferee branch accepts the agreements to be transferred. (3) Where subsection (2) is complied with and subject to subsection (5), the transferor branch shall forthwith send to the transferee branch the borrower’s risk-shared loan agreements and all other documentation in respect of those agreements. (4) The lender shall send to the borrower notice of completion of the transfer. (5) No transfer of risk-shared loan agreements shall be made unless the borrower has (a) complied with subparagraphs 6(1)(d)(i) and (e)(i) or 7(1)(d)(i) and (e)(i) or 12.1(1)(d)(i) or 12.2(1)(d)(i), where applicable to the borrower, or (b) paid to the transferor branch all instalments required from the borrower in accordance with that borrower’s risk-shared loan agreements to the date of the request to transfer, where none of the provisions referred to in paragraph (a) apply to the borrower. SOR/96-368, s. 5; SOR/2000-290, s. 11
Canada Student Financial Assistance Regulations — Canada Student Financial Assistance Regulations
transferee branch means a branch of the lender to which a borrower’s outstanding risk-shared loan agreements are transferred in accordance with this section; ( destinataire du transfert )
Canada Student Financial Assistance Regulations — Canada Student Financial Assistance Regulations
transferor branch means a branch of the lender that transfers a borrower’s outstanding risk-shared loan agreements in accordance with this section. ( auteur du transfert )
Canada Student Financial Assistance Regulations — 14.2
14.2 A branch of a lender shall not, on its own initiative, transfer a borrower’s risk-shared loan agreements unless written notice of the transfer has been provided to the borrower. SOR/96-368, s. 5; SOR/2000-290, s. 11
Canada Student Financial Assistance Regulations — 14.3
14.3 A certificate of eligibility is to be denied to a qualifying student who is qualified for enrolment or is enrolled as a part-time student and who has a family income that is more than the applicable annual income threshold for their family size in accordance with Table 1 of Schedule 4. SOR/98-402, s. 2; SOR/2001-462, s. 1; SOR/2012-78, s. 1; SOR/2018-31, s. 5 SOR/2023-157, s. 2 SOR/2024-146, s. 1
Canada Student Financial Assistance Regulations — 15
ich the borrower was enrolled at the time the event occurred, (b) the day that is three years after the occurrence of the event or, if that day occurs during a confirmed period, the last day of that period, and (c) the last day of the month in which the borrower’s course load no longer meets the minimum percentage set out in subparagraph (a)(i) of the definition full-time student in subsection 2(1) or, in the case of a person who elects to be considered as a full-time student under section 2.1, the minimum percentage set out in that section. (10) Student loans and guaranteed student loans shall be denied if (a) the borrower is subject to an event under paragraph 6(2)(a) or (h) of the Apprentice Loans Regulations ; (b) the borrower is subject to a bankruptcy-related event referred to in any of paragraphs 6(2)(b) to (f) of the Apprentice Loans Regulations ; (c) the borrower has been found guilty of an offence under the Apprentice Loans Act ; or (d) the Minister has taken a measure under subsection 20(1) of the Apprentice Loans Act . SOR/96-368, s. 6; SOR/2000-290, s. 12; SOR/2004-120, s. 2; SOR/2009-201, s. 6; SOR/2009-212, s. 2; SOR/2011-96, s. 6; SOR/2012-68, s. 5; SOR/2012-254, s. 2; SOR/2014-255, s. 21 SOR/2019-214, s. 2 SOR/2020-182, s. 5 SOR/2022-131, s. 3 SOR/2023-273, s. 15
Canada Student Financial Assistance Regulations — 16
o in paragraph 15(1)(k) has not occurred in respect of the borrower’s student loans or guaranteed student loans; (b) the borrower has been released from that borrower’s student loans and guaranteed student loans that were outstanding on the day of the finding of guilt; (c) where the release referred to in paragraph (b) occurs by operation of an order of absolute discharge granted under the Bankruptcy and Insolvency Act , three years have passed since the date of that order; and (d) either five years have passed since the day of the finding of guilt or a pardon has been granted in respect of that finding. (4) Where a borrower, who has been the subject of a measure taken in accordance with subsection 15(2), (3) or (4), has received a risk-shared loan as a minor and has refused to ratify that loan and the Minister has made a payment to the lender pursuant to subparagraph 5(a)(ix) of the Act in respect of that loan, the borrower shall have the rights referred to in subsection (1) if (a) the borrower ratifies that loan; and (b) the requirements of subsection (1), (2) or (3) are met, as is applicable in the circumstances. (4.1) Where a borrower, who has been the subject of a measure taken in accordance with subsection 15(2), (3) or (4), has received a direct loan as a minor and has refused to ratify that loan, the borrower shall have the rights referred to in subsection (1) if (a) the borrower ratifies that loan; and (b) the requirements of subsection (1), (2) or (3) are met, as is applicable in the circumstances. (4.2) Subject to subsection (5), where a borrower is subject to a measure taken in accordance with subsection 15(2) or (4) due to the occurrence of the event referred to in paragraph 15(1)(k), the borrower has the rights referred to in subsection (1) if the borrower has paid in full the outstanding balance of the student loans or guaranteed student loans. (5) Where a judgment has been obtained against a borrower, that borrower shall not be entitled to the rights referred to in subsection (1) unless the borrower has been released from that judgment and the requirements of subsection (1), (2) or (3) are met, as is applicable in the circumstances. SOR/2000-290, s. 13; SOR/2004-120, s. 3; SOR/2009-143, s. 3(E); SOR/2009-212, s. 3; SOR/2012-254, s. 3 SOR/2019-214, s. 3 SOR/2023-273, s. 16
Canada Student Financial Assistance Regulations — 18
18 (1) For the purposes of section 13 of the Act, the outstanding aggregate amount of student loans may not exceed 34 billion dollars. (2) The student loans that will be taken into consideration for the purposes of determining this amount are (a) direct loans; and (b) risk-shared loans that have been purchased by the Minister under an agreement made pursuant to the Act. SOR/2012-41, s. 2; SOR/2015-116, s. 1 SOR/2019-214, s. 4
Canada Student Financial Assistance Regulations — 19
into force of this section, or repayment assistance under this section; and (c) the monthly required payment calculated under paragraph 10(3)(a) or 12(3)(a), as the case may be, of the Apprentice Loans Regulations . (4) A borrower shall receive no more than 60 months, in the aggregate, of special interest-free periods granted under section 19 or 20 or section 17 or 18 of the Canada Student Loans Regulations , as they read immediately before the coming into force of this section, and repayment assistance under this section (a) in respect of any student loan or guaranteed student loan made to the borrower as a full-time student, since the applicable day referred to in subparagraph (1)(d)(i); and (b) in respect of any student loan made to the borrower as a part-time student, the applicable day referred to in subparagraph (1)(d)(ii). (5) The monthly affordable payment set out in a repayment assistance plan of a borrower who was receiving repayment assistance under this section on March 31, 2020 is, for the period described in subsection (6), deemed to be $0 if (a) the borrower’s monthly affordable payment calculated under subsection (2) was greater than $0; and (b) the borrower was not in arrears of any payments under the plan on March 31, 2020. (6) The period is equal to the number of months remaining on the borrower’s repayment assistance plan as of March 31, 2020 and it begins on October 1, 2020. SOR/96-368, s. 11; SOR/2000-290, s. 14; SOR/2001-230, s. 2; SOR/2004-120, s. 4; SOR/2005-152, s. 6; SOR/2009-212, s. 4; SOR/2012-68, s. 6; SOR/2014-255, s. 22 SOR/2019-214, s. 5 SOR/2020-144, s. 2 SOR/2022-141, s. 1
Canada Student Financial Assistance Regulations — 19.1
19.1 (1) A borrower shall, no later than the day that is 30 days after a repayment assistance period ends, pay to the lender or the Minister, as the case may be, the federal portion of the monthly affordable payments calculated under subsection 19(2) in respect of that period. (2) [Repealed, SOR/2023-273, s. 17] (3) [Repealed, SOR/2023-273, s. 17] (4) In this section, federal portion means the ratio of outstanding principal in relation to student loans and guaranteed student loans to the outstanding principal in relation to those loans and provincial loans. (5) Payments made under this section shall be attributed in proportion to the outstanding principal of each student loan, guaranteed student loan and apprentice loan for which instalments are due. SOR/2009-212, s. 4; SOR/2012-68, s. 7; SOR/2014-255, s. 23 SOR/2023-273, s. 17
Canada Student Financial Assistance Regulations — 20.1
20.1 (1) A borrower shall, no later than the day that is 30 days after a repayment assistance period ends, pay to the lender or the Minister, as the case may be, the federal portion of the monthly affordable payments calculated under subsection 20(2) in respect of that period. (2) The amount owing as outstanding principal and interest for a month during a repayment assistance period by a borrower shall be reduced by the lender or Minister, as the case may be, by the federal portion of the difference between the monthly required payment calculated under subsection 20(3) and the monthly affordable payment calculated under subsection 20(2). That reduction shall only be made in relation to the months for which the borrower complies with subsection (1). (3) If the reduction referred to in subsection (2) is made by the lender, the Minister, on being notified of the reduction by the lender in the prescribed form, shall reimburse the lender the amount of the reduction. (4) In this section, federal portion means the ratio of outstanding principal in relation to student loans and guaranteed student loans to the outstanding principal in relation to those loans and provincial loans. (5) Payments made under this section shall be attributed in proportion to the outstanding principal of each student loan, guaranteed student loan and apprentice loan for which instalments are due. SOR/2009-212, s. 4; SOR/2012-68, s. 9; SOR/2014-255, s. 26
Canada Student Financial Assistance Regulations — 20.11
20.11 (1) Beginning in 2023, the monthly income thresholds set out in column 2 of the table to Schedule 1 are adjusted on August 1st of each year by the annual percentage increase to the Consumer Price Index for the previous calendar year, rounded to the nearest dollar. (2) If the thresholds determined in accordance with subsection (1) are less than those applicable on August 1st of the previous calendar year, no adjustment is to be made and the thresholds applicable on August 1st of the previous calendar year continue to apply. (3) For the purpose of subsection (1), the Consumer Price Index is the annual all-items Consumer Price Index for Canada published by Statistics Canada. SOR/2022-141, s. 3
Canada Student Financial Assistance Regulations — 20.2
20.2 A repayment assistance period shall begin no earlier than the later of (a) the first day of the month that is six months before the day on which the borrower applies for the assistance, (b) the day on which the principal amount and any interest commence to be payable by the borrower, and (c) the day on which these regulations come into force. SOR/2009-212, s. 4
Canada Student Financial Assistance Regulations — 20.3
20.3 If any accrued interest remains unpaid on the day on which repayment assistance begins, the borrower shall, on or before the day that is 30 days after the repayment assistance period ends, (a) pay to the lender or the Minister, as the case may be, the unpaid accrued interest; or (b) if they have not already done so, enter into a revised agreement for the payment of a period of up to three months of the unpaid accrued interest and pay to the lender or the Minister, as the case may be, any remaining unpaid accrued interest. SOR/2009-212, s. 4
Canada Student Financial Assistance Regulations — 21
21 (1) With the written authorization of the Minister, a lender (a) who holds a borrower’s risk-shared loan agreement may exercise the powers given to the Minister under subsections 15(3) and (4) and sections 19 and 20; and (b) who holds a borrower’s guaranteed student loan agreement may exercise the powers given to the Minister under sections 19 and 20 and subsections 9(4) and (5) of the Canada Student Loans Regulations . (2) The Minister shall provide the lender any information that is necessary to enable the lender to act under subsection (1). SOR/2000-290, s. 16; SOR/2009-212, s. 4
Canada Student Financial Assistance Regulations — 22
22 (1) If an application is made for repayment assistance, notice of a decision in respect of that application shall be given to the borrower and the lender or, if the lender is acting under subsection 21(1), to the borrower and the Minister. (2) The notice shall set out (a) the day on which the repayment assistance begins and ends; (b) the amount of the payment required under subsection 19.1(1) or 20.1(1); and (c) the fact that the decision to grant repayment assistance is subject to the condition set out in section 20.3. SOR/96-368, s. 15; SOR/97-250, s. 2; SOR/98-402, s. 4; SOR/2000-290, s. 17; SOR/2004-120, s. 6; SOR/2009-212, s. 4
Canada Student Financial Assistance Regulations — 23
23 (1) The Minister shall, on the written request of the borrower and based on documentary evidence provided by the borrower, reconsider a borrower’s application for repayment assistance if (a) the borrower’s application has been rejected for the sole reason that the borrower did not meet the criterion set out in paragraph 19(1)(e) or 20(1)(c); and (b) unforeseen and unavoidable circumstances beyond the control of the borrower or their spouse or common-law partner have led to the borrower incurring extraordinary expenses. (2) The Minister shall provide a notice of the determination to the borrower in the case of a direct loan and to the borrower and the lender in all other cases. SOR/96-368, s. 17; SOR/2000-290, s. 19; SOR/2001-230, s. 3; SOR/2009-212, s. 4; SOR/2017-126, s. 1
Canada Student Financial Assistance Regulations — 24
24 (1) If repayment assistance is granted because of an error by the borrower in their application for repayment assistance, the Minister shall (a) cancel the repayment assistance if the borrower was not entitled to receive the assistance; and (b) in respect of a repayment assistance period, reduce the repayment assistance to the extent of the excess in assistance received if, during the period, the borrower received an amount of assistance that was more than $100 in excess of the amount that the borrower was entitled to receive for the period. (2) The Minister shall provide a notice of the cancellation or reduction to the borrower, in the case of a direct loan, and to the borrower and the lender, in all other cases, specifying (a) the date of the notice; and (b) the day on which the repayment assistance is to be cancelled or reduced. (3) A borrower shall, within 30 days after the date of the notice, (a) repay to the Minister or the lender, as the case may be, the amount of repayment assistance that the borrower was not entitled to receive; or (b) enter into a revised agreement for the repayment of that amount. (4) A lender shall, without delay after the date of the notice, repay to the Minister any amount paid by the Minister as a result of the error. SOR/96-368, s. 18; SOR/2000-290, s. 20; SOR/2009-212, s. 4; SOR/2017-131, s. 1
Canada Student Financial Assistance Regulations — 26
26 If a repayment assistance period has been granted to a borrower, the provisions of any loan agreement or guaranteed student loan agreement that was in effect between the borrower and the lender or between the borrower and the Minister, as the case may be, on the day on which the borrower applied for that period shall be suspended until the earliest of (a) the day on which repayment assistance is terminated in accordance with subsection 15(4), (b) the end of that repayment assistance period, and (c) in respect of the borrower’s consolidated student loan agreement or consolidated guaranteed student loan agreement, if any, the day on which the borrower again becomes a full-time student in accordance with subsection 5(3) or 7(2). SOR/96-368, s. 19; SOR/2000-290, s. 21; SOR/2009-212, s. 5; SOR/2012-68, s. 10
Canada Student Financial Assistance Regulations — 28
28 (1) For the purposes of subsection 9.2(1) of the Act, the Minister may forgive the lesser of the outstanding principal of the borrower’s student loan and (a) for the first year in respect of which the borrower qualifies for loan forgiveness, (i) $8,000 in the case of a family physician, dentist, pharmacist or psychologist, (ii) $4,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or (iii) $2,000 in the case of an early childhood educator, dental hygienist or personal support worker; (b) for the second year in respect of which the borrower qualifies for loan forgiveness, (i) $10,000 in the case of a family physician, dentist, pharmacist or psychologist, (ii) $5,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or (iii) $2,500 in the case of an early childhood educator, dental hygienist or personal support worker; (c) for the third year in respect of which the borrower qualifies for loan forgiveness, (i) $12,000 in the case of a family physician, dentist, pharmacist or psychologist, (ii) $6,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or (iii) $3,000 in the case of an early childhood educator, dental hygienist or personal support worker; (d) for the fourth year in respect of which the borrower qualifies for loan forgiveness, (i) $14,000 in the case of a family physician, dentist, pharmacist or psychologist, (ii) $7,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or (iii) $3,500 in the case of an early childhood educator, dental hygienist or personal support worker; and (e) for the fifth year in respect of which the borrower qualifies for loan forgiveness, (i) $16,000 in the case of a family physician, dentist, pharmacist or psychologist, (ii) $8,000 in the case of a nurse, nurse practitioner, midwife, teacher, social worker or physiotherapist, or (iii) $4,000 in the case of an early childhood educator, dental hygienist or personal support worker. (2) The maximum number of years in respect of which an amount may be forgiven in respect of a student loan is five minus the number of years in respect of which an amount has been forgiven under subsection (1) in respect of a previous student loan. SOR/2012-254, s. 4 SOR/2023-227, s. 2 SOR/2025-271, s. 7
Canada Student Financial Assistance Regulations — 29
29 (1) For the purposes of subsection 9.2(1) of the Act, to qualify for loan forgiveness for a year, the borrower must (a) either (i) have begun to work during the year by providing in-person services as a family physician, dentist, pharmacist, psychologist, nurse, nurse practitioner, midwife, teacher, social worker, physiotherapist, early childhood educator, dental hygienist or personal support worker in an under-served rural or remote community, or (ii) have continued to work during the year by providing in-person services as a family physician, dentist, pharmacist, psychologist, nurse, nurse practitioner, midwife, teacher, social worker, physiotherapist, early childhood educator, dental hygienist or personal support worker in a community in respect of which the borrower qualified for loan forgiveness for the previous year; (a.1) subject to subsection (4), have worked at least 400 hours; and (b) apply to the Minister in the prescribed form no later than 90 days after the end of that year. (2) The loan forgiveness takes effect on the day following the end of the year. (3) For the purposes of subsection (1), the results of a census of population apply six months after the day on which the census is published by Statistics Canada or on the November 1 following that day, whichever is later. (4) The Minister may decide that a borrower who worked fewer than 400 hours but at least one hour during the year still qualifies for loan forgiveness for the year if the Minister is of the opinion that the borrower was unable to work because they (a) had an illness, a disability or a bodily injury or were quarantined; (b) were providing care or support to a family member who had an illness, a disability or a bodily injury or who was quarantined; (c) were pregnant or gave birth; or (d) were caring for their newborn or newly adopted child. SOR/2012-254, s. 4 SOR/2024-210, s. 6 SOR/2025-271, s. 8
Canada Student Financial Assistance Regulations — 33
33 The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant, other than a grant awarded under section 34 or 40.022, to a qualifying student who (a) is issued, or in respect of whom is issued, a certificate of eligibility; (b) within 30 days after obtaining confirmation of their enrolment from an officer of the designated educational institution at which they are enrolled but no later than the last day of the confirmed period, submits the confirmation of enrolment (i) to the Minister unless they are notified in writing by the appropriate authority that the confirmation of enrolment is to be submitted to the Minister by the designated educational institution, and (ii) to the branch of the lender to which they are indebted under any risk-shared loan agreement or guaranteed student loan agreement; (c) has entered into a full-time direct loan agreement or a direct student loan agreement for the period of studies referred to in the certificate of eligibility in relation to repayment of the grant under subsection 40.04(2). SOR/2009-143, s. 4; SOR/2011-96, s. 7