Definitions
 2. 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”) “2017 Regulation” means Ontario Regulation 70/17 (Ontario Student Grants and Ontario Student Loans), made under the Act; (“Règlement de 2017”) “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 section 7; (“programme d’études approuvé”) “borrower” means a person who has received a micro-credential student loan and who is required to make repayments on the student loan under a repayment notice, but does not include a person whose student loan has been paid; (“emprunteur”) “consolidated loan agreement” means an agreement described in section 28 of the 2017 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 9 (4); (“personne dont une contribution est attendue”) “micro-credential” means a credential offered by an approved institution that is not a certificate, diploma or degree; (“microcertification”) “micro-credential grant” means an Ontario Student Grant issued to an individual pursuing a micro-credential; (“subvention pour une microcertification”) “micro-credential student loan” means a student loan issued to an individual pursuing a micro-credential; (“prêt d’études pour une microcertification”) “micro-credential student loan agreement” means an agreement entered into under section 20; (“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” means a notice described in section 27; (“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”) O. Reg. 768/20, s. 2; O. Reg. 220/22, s. 1; O. Reg. 86/23, s. 1. Application For Micro-Credential Grant or Micro-Credential Student Loan