Canada Student Financial Assistance Regulations — 15
ster for which the designated educational institution has provided that the borrower, despite subsections 7.1(3) and 8(2), was no longer a full-time student. (2) Subject to subsections (5), (6) and (9), (a) if an event referred to in any of paragraphs (1)(a) to (l) occurs, the Minister shall, effective on the applicable day referred to in that paragraph, (i) deny a borrower a new certificate of eligibility for any student loan, and (ii) if a certificate of eligibility has been issued to a borrower, deny the borrower a new student loan; and (b) if an event referred to in any of paragraphs (1)(a) to (j) occurs, the Minister shall terminate, effective on the applicable day referred to in that paragraph, in respect of an outstanding student loan made to the borrower as a part-time student, the period during which no amount on account of principal or interest is required to be paid by the borrower. (3) If an event referred to in paragraph (1)(a) or (b) occurs, the Minister shall refuse to grant to the borrower (a) any repayment assistance under section 19 or 20 if the Minister pays a claim for loss in respect of the borrower’s guaranteed student loan; and (b) the loan forgiveness referred to in subsection 9.2(1) of the Act. (4) If an event referred to in paragraph (1)(h) or (i) occurs, the Minister shall terminate any repayment assistance granted under section 19 or 20 and refuse to grant to the borrower further repayment assistance or the loan forgiveness referred to in subsection 9.2(1) of the Act. (5) If an event referred to in paragraph (1)(b) occurs in respect of either a student loan or a guaranteed student loan made to a borrower as a part-time student, an event referred to in any of paragraphs (1)(h) to (k) has not occurred subsequent to the event referred to in paragraph (1)(b) and a judgment has not been obtained against the borrower in respect of an outstanding student loan or guaranteed student loan, (a) the borrower shall be entitled to a new student loan, if a certificate of eligibility has been issued to the borrower as a full-time student in respect of that loan before the day referred to in paragraph (1)(b); and (b) the measure referred to in paragraph (2)(b) shall take effect on the last day of the period of studies for which the certificate of eligibility was issued. (6) Where an event referred to in paragraph (1)(a) or (b) occurs in respect of a student loan made to a borrower as a full-time student and, subsequent to that event, the borrower erroneously receives a certificate of eligibility and at least one disbursement authorized by that certificate of eligibility, (a) the borrower shall be entitled to a new student loan authorized by that certificate of eligibility; and (b) the measure referred to in paragraph (2)(b) shall take effect at the end of the period of studies for which the certificate of eligibility was issued. (7) Subsection (2) applies to a borrower who, on the day on which the Act comes into force, is denied a new guaranteed student loan or further interest-free status on a guaranteed student loan in accordance with subsection 9(3) of the Canada Student Loans Regulations . (8) If an event referred to in any of paragraphs (1)(c) to (g) occurs in respect of either a student loan or a guaranteed student loan made to a borrower as a full-time student, before the last day of the last confirmed period of the program of studies in which the borrower is enrolled at the time the event occurs, the borrower is entitled, if otherwise eligible, to a new student loan for that program of studies. (9) If the borrower receives a new student loan under subsection (8), the measures referred to in subsection (2) take effect on the earliest of (a) the last day of the last confirmed period of the program of studies in which 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 p