Ceasing to be a qualifying student
 27. (1) An individual ceases to be a qualifying student in any of the following circumstances: 1. The individual ceases to be enrolled in the approved program of study in respect of which his or her most recent certificate of loan approval was issued. 2. The individual reduces his or her course load below the minimum required course load for the period of study in the approved program of study. 3. The individual withdraws from the applicable educational institution. 4. The program of study in which the individual is enrolled at the approved institution ceases to be an approved program of study. 5. The institution at which the individual is enrolled ceases to be an approved institution or to be described by clause 24 (2) (b), (c) or (d). 6. The period of study for which the individual received a student loan or an Ontario Access Grant under Ontario Regulation 118/07 (Ontario Access Grants and Ontario Tuition Grants) made under the Act ends and the number of weeks in respect of which the individual has received a student loan or an Ontario Access Grant during his or her lifetime is equal to or greater than, i. for an individual who is not a person with a disability, A. 340 weeks if he or she is enrolled in a program of study other than a doctoral program, and B. 400 weeks if he or she is enrolled in a doctoral program, and ii. 520 weeks for an individual who is a person with a disability. 7. Subject to subsections (2) and (3), the individual became a bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada) or entered into another recognized arrangement for debt settlement and, if the event occurred during a period of study, the period of study ends.  O. Reg. 268/01, s. 27; O. Reg. 168/04, s. 15 (1); O. Reg. 119/07, s. 21 (1-4); O. Reg. 197/13, s. 5; O. Reg. 72/17, s. 15 (1). (1.1) The Minister may, in order to accommodate an individual based on reasons of a disability, determine that subparagraph 6 ii of subsection (1) does not apply. O. Reg. 72/17, s. 15 (2). (2) Despite paragraph 7 of subsection (1), an individual shall continue to be a qualifying student after the end of the period of study during which he or she became a bankrupt within the meaning of the Bankruptcy and Insolvency Act
(Canada) or entered into another recognized arrangement for debt settlement until such time as is determined under subsection (3) if, (a) the individual is issued a certificate of loan approval under section 15.1; (a.1) the individual is issued a notice of assessment under section 18 of the 2017 Regulation; or (b) the individual meets the requirements of section 24 or 25.  O. Reg. 168/04, s. 15 (2); O. Reg. 72/17, s. 15 (3). (3) An individual may continue to be a qualifying student under subsection (2) until the earlier of, (a) the day that is, (i) three years after the day the event described in paragraph 7 of subsection (1) occurred, or (ii) if the three year period described in subclause (i) ends during a period of study, the last day of the period of study; (b) the day the individual completes the approved program of study he or she was enrolled in at the time the event described in paragraph 7 of subsection (1) occurred; or (c) the day the individual ceases to be enrolled in the approved program of study he or she was enrolled in at the time the event described in paragraph 7 of subsection (1) occurred.  O. Reg. 168/04, s. 15 (2); O. Reg. 119/07, s. 21 (5). (4) Paragraph 7 of subsection (1) and subsections (2) and (3) only apply to events described in paragraph 7 of subsection (1) that occurred on or after May 11, 2004.  O. Reg. 168/04, s. 15 (2). Consolidated Loan Agreement and Repayment Terms