Definitions
 2. (1) In this Regulation, “2017 Regulation” means Ontario Regulation 70/17 (Ontario Student Grants and Ontario Student Loans), made under the Act; (“Règlement de 2017”) “2020 Regulation” means Ontario Regulation 768/20 (Ontario Student Grants and Ontario Student Loans for Micro-Credentials) made under the Act; (“Règlement de 2020”) “2023 Regulation” means Ontario Regulation 82/23 (Ontario Learn and Stay Grant) made under the Act; (“Règlement de 2023”) “approved institution” means an institution described in section 8; (“établissement agréé”) “approved program of study” means a program of study approved in accordance with subsection 7 (1); (“programme d’études approuvé”) “borrower” means a person who has been issued a student loan under this Regulation and who is required to make repayments on the student loan under a consolidated loan agreement or under an arrangement established by the Minister under section 29, but does not include a person whose student loan has been paid; (“emprunteur”) “consolidated loan agreement” means an agreement described in section 28; (“contrat de prêt consolidé”) “eligible employment” means paid employment in Ontario or voluntary work in Ontario or a combination of both totalling a minimum of 30 hours a week; (“emploi admissible”) “eligible not-for-profit entity” means an eligible not-for-profit entity within the meaning of section 30.2; (“entité sans but lucratif admissible”) “expected contributor” means, in relation to an individual, another individual described in section 12; (“personne dont une contribution est attendue”) “grant” does not include a micro-credential grant; (“subvention”) “master student loan agreement” means an agreement entered into under section 20; (“contrat-cadre de prêt d’études”) “micro-credential grant” has the same meaning as in the 2020 Regulation; (“subvention pour une microcertification”) “micro-credential student loan” has the same meaning as in the 2020 Regulation; (“prêt d’études pour une microcertification”) “micro-credential student loan agreement” has the same meaning as in the 2020 Regulation; (“contrat de prêt d’études pour une microcertification”) “Ontario Learn and Stay Grant student” has the same meaning as in the 2023 Regulation; (“étudiant bénéficiant de la subvention ontarienne Apprendre et rester”) “period of study” means, in relation to a program of study, a period described in subsection 7 (2); (“période d’études”) “pre-2001 Regulation” means Regulation 774 of the Revised Regulations of Ontario, 1990 (Ontario Student Loans made before August 1, 2001), made under the Act; (“règlement antérieur au Règlement de 2001”) “prime rate”, with respect to a rate of interest, means the average variable reference rate of interest as calculated monthly, based upon the average variable reference rates of interest for a month, by each of the Bank of Montreal, the Bank of Nova Scotia, the Canadian Imperial Bank of Commerce, the Royal Bank of Canada and the Toronto Dominion Bank as their rate for Canadian dollar consumer demand loans, and calculated without reference to the highest and the lowest of those five rates and by averaging the remaining three rates; (“taux préférentiel”) “qualifying student” means a student described in section 23; (“étudiant admissible”) “repayment notice” has the same meaning as in the 2020 Regulation; (“avis de remboursement”) “service provider” means a person or entity, other than a post-secondary educational institution, who provides services with respect to the disbursement, administration, management or delivery of student loans or grants by virtue of, (a) an agreement with the Minister, or with another Minister of the Crown in right of Ontario, for the provision of those services, or (b) if the Minister has entered into an agreement with the Government of Canada for the provision of those services, an agreement with the Government of Canada for the provision of those services; (“fournisseur de services”) “spouse” means either of two persons who, (a) are married to each other, (b) have together in good faith entered into a marriage that is voidable or void, (c) have lived together in a conjugal relationship outside marriage continuously for a period of not less than three years, or (d) have lived together in a conjugal relationship outside marriage in a relationship of some permanence, if they are the natural or adoptive parents of a child; (“conjoint”) “student loan agreement” means an agreement entered into under section 20 as that section read on January 31, 2012. (“contrat de prêt d’études”) O. Reg. 268/01, s. 2; O. Reg. 168/04, s. 1 (1, 2); O. Reg. 119/07, s. 1; O. Reg. 333/10, s. 5 (1-5); O. Reg. 464/11, s. 2; O. Reg. 216/12, s. 1; O. Reg. 254/14, s. 1; O. Reg. 72/17, s. 5 (1-4), 26; O. Reg. 770/20, s. 1 (1); O. Reg. 85/23, s. 1 (1-3). (2) For the purposes of this Regulation, an individual enters into a recognized arrangement for debt settlement when any of the following events occurs: 1. A proposal under Division I of Part III of the Bankruptcy and Insolvency Act (Canada) relating to the individual is approved by a court under that Act. 2. A consumer proposal made by the individual under Division II of Part III of the Bankruptcy and Insolvency Act (Canada) is approved or deemed to be approved by a court under that Act. 3. A consolidation order is made under Part X of the Bankruptcy and Insolvency Act (Canada) in relation to any debts of the individual, including any student loans that the individual may have received under the Act. 4. A document seeking relief has been filed by the individual under a law in a province or territory in Canada outside of Ontario for the orderly payment of debts, including any student loans that the individual may have received under the Act.  O. Reg. 168/04, s. 1 (3); O. Reg. 333/10, s. 5 (6); O. Reg. 72/17, s. 5 (5, 6). (3) A reference in this Regulation to a “loan” or “student loan” does not include a micro-credential student loan. O. Reg. 85/23, s. 1 (4). (4) Despite subsection (3) and the definition of “grant”, a reference in this Regulation to a grant, loan or student loan that is received, granted, made or issued under the Act includes any grant or loan received, granted, made or issued under the Act. O. Reg. 85/23, s. 1 (4). (5) A person ceases to be both a qualifying student and an Ontario Learn and Stay Grant student on the first day that the person is neither a qualifying student nor an Ontario Learn and Stay Grant student. O. Reg. 85/23, s. 1 (4). The Student Loan Process