Determination of monthly affordable payment
 41. (1) For the purpose of determining whether a borrower meets the eligibility requirements of paragraph 4 of subsection 40 (1), the borrower’s monthly affordable payment shall be determined in accordance with this section, having regard to the number of persons in his or her family and to his or her family income.   Table   Threshold amount for Family Income Column 1   Number of family members   Column 2   Threshold amount 

  1   $2,083 

  2   $3,254 

  3   $4,205 

  4   $4,959 

  5 or more   $5,652 O. Reg. 70/17, s. 41 (1). (2) If a borrower’s monthly family income is equal to or less than the threshold amount set out in Column 2 of the Table to subsection (1), opposite the number of members in the borrower’s family, the borrower’s monthly affordable payment shall be a nil amount. O. Reg. 70/17, s. 41 (2). (3) If a borrower’s monthly family income is greater than the threshold amount set out in Column 2 of the Table to subsection (1), opposite the number of members in the borrower’s family, the amount of the borrower’s monthly affordable payment shall be equal to the lesser of, (a)  the amount obtained by the following formula: A × B/C × 0.2 in which, “A”  is the borrower’s monthly family income, “B”  is the borrower’s total outstanding federal and provincial student loans, “C”  is the sum of the borrower’s total outstanding federal and provincial student loans and, if the borrower has a spouse, the spouse’s total outstanding federal and provincial student loans that are in repayment under the Act or under the laws of the appropriate jurisdiction; and (b)  the amount obtained by the following formula: A × B/C × 1.5 × [(A – D)/(100 × E) + 0.01] in which, “A”  is the borrower’s monthly family income, “B”  is the borrower’s total outstanding federal and provincial student loans, “C”  is the sum of the borrower’s total outstanding federal and provincial student loans and, if the borrower has a spouse, the spouse’s total outstanding federal and provincial student loans that are in repayment under the Act or under the laws of the appropriate jurisdiction, “D”  is the appropriate threshold amount set out in Column 2 of the Table to subsection (1) for a family with the number of members in the borrower’s family, “E”  is the monthly increment for a family with the number of members in the borrower’s family, as set out in the Table to this subsection. Table   Monthly Increments Column 1   Number of family members   Column 2   Monthly increment 

  1   $250 

  2   $350 

  3   $425 

  4   $500 

  5 or more   $575 O. Reg. 70/17, s. 41 (3); O. Reg. 219/22, s. 3 (1). (4) Revoked: O. Reg. 219/22, s. 3 (2). (5) In this section, “family” means the borrower, his or her spouse, if any, and any person who is wholly dependent on either of them; (“famille”) “family income” means the borrower’s gross income and that of his or her spouse, if any, from all sources less, in the case of a borrower with a permanent disability, or a persistent or prolonged disability, any expenses related to the disability that are not covered by public health care or private insurance. (“revenu familial”) O. Reg. 70/17, s. 41 (5); O. Reg. 70/23, s. 6.