Definitions
 2. (1) In this Regulation, “2001 Regulation” means Ontario Regulation 268/01 (Ontario Student Loans Made August 1, 2001 to July 31, 2017), made under the Act; (“Règlement de 2001”) “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”) “academic year” means a period beginning on August 1 in a year and ending on July 31 of the next year;  (“année d’études”) “approved institution” means an institution described in section 8; (“établissement agréé”) “approved program of study” means a program of study approved in accordance with section 7; (“programme d’études approuvé”) “borrower” means a person who has received a student loan or has received a grant under the Act that has been converted to a student loan 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 of this Regulation, section 28 of the 2001 Regulation or section 8 of the pre-2001 Regulation; (“contrat de prêt consolidé”) “expected contributor” means, in relation to an individual, another individual described in subsection 10 (5); (“personne dont une contribution est attendue”) “grant” means the Ontario Student Grant and does not include any other grant issued under the Act; (“subvention”) “master student financial assistance agreement” means an agreement entered into under section 21; (“contrat-cadre d’aide financière aux étudiants”) “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”) “minimum required course load” means, in relation to an approved program of study, the course load determined under section 9; (“charge de cours minimale exigée”) “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 24; (“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, (a)  master student financial assistance agreement entered into under section 21 of this Regulation, (a.1)  a master student financial assistance agreement entered into under section 20 of the 2023 Regulation, (b)  a master student loan agreement entered into under section 20 of the 2001 Regulation, (c)  an agreement entered into under section 20 of the 2001 Regulation, as that section read on January 31, 2012, or (d)  an agreement entered into under section 4 of the pre-2001 Regulation, as that section read on July 31, 2001. (“contrat de prêt d’études”) O. Reg. 70/17, s. 2 (1); O. Reg. 769/20, s. 1 (1); O. Reg. 83/23, s. 1 (1-5). (2) A reference in this Regulation to a “loan” or “student loan” does not include a micro-credential student loan. O. Reg. 83/23, s. 1 (6). (2.1) Despite subsection (2) 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. 83/23, s. 1 (6). (3) In respect of a period of study beginning before August 1, 2019, an Ontario Student Grant has four components: the base component, the needs component, the top-up component and the distance component. O. Reg. 70/19, s. 1. (4) In respect of a period of study beginning on or after August 1, 2019, an Ontario Student Grant has two components: the needs component and the distance component. O. Reg. 70/19, s. 1. (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. 83/23, s. 1 (7). Application