Marginal note:Short title

1. This Act may be cited as the Canada Student Loans Act.

Marginal note:Definitions

• 2. (1) In this Act,

  “appropriate authority”

  « autorité compétente »

  “appropriate authority” for a province means such person, body or authority as may be designated by the lieutenant governor in council of that province as the appropriate authority for that province for the purposes of this Act;

  “borrower”

  « emprunteur »

  “borrower” means a person to whom a loan is made by a lender under this Act;

  “certificate of eligibility”

  « certificat d’admissibilité »

  “certificate of eligibility” means a certificate in prescribed form issued or caused to be issued by an appropriate authority pursuant to section 14;

  “guaranteed student loan”

  « prêt garanti »

  “guaranteed student loan” means a loan made in accordance with the requirements of section 7;

  “lender”

  « prêteur »

  “lender” means

  • (a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act,

  • (b) a credit union, caisse populaire or other cooperative credit society that is designated by the Minister on the application of that society as a lender for the purposes of this Act, or

  • (c) a company within the meaning of the Trust and Loan Companies Act, or a company, society or provincial company within the meaning of the Insurance Companies Act, that is designated by the Minister on the application of that company, society or provincial company as a lender for the purposes of this Act;

  “loan year”

  « année de prêt »

  “loan year” means the period commencing on August 1 in any year and ending on July 31 in the following year;

  “Minister”

  « ministre »

  “Minister” means the Minister of Human Resources and Skills Development;

  “period of studies”

  « période d’études »

  “period of studies” means a period of studies at a specified educational institution in a course that is recognized by that educational institution and the appropriate authority for the province to be equivalent to a course that may be taken by a full-time student at that institution as part of a program of studies of at least twelve consecutive weeks duration;

  “prescribed”

  Version anglaise seulement

  “prescribed”, in the case of a form or the information to be given on a form, means prescribed by the Minister and, in any other case, means prescribed by the regulations;

  “qualifying student”

  « étudiant admissible »

  “qualifying student” means a person

  • (a) who is a Canadian citizen or a permanent resident within the meaning of subsection 2(1) of the Immigration and Refugee Protection Act,

  • (b) who is qualified for enrolment or is enrolled at a specified educational institution as a full-time or part-time student for a period of studies at a post-secondary school level, and

  • (c) who intends to attend at a specified educational institution as a full-time or part-time student for a period of studies described in paragraph (b) if it is financially possible for that person to do so;

  “specified educational institution”

  « établissement d’enseignement agréé »

  “specified educational institution” means an institution of learning, whether within or outside a province, that offers courses at a post-secondary school level and that is designated by the lieutenant governor in council of that province, either particularly or as a member of a class, as a specified educational institution within the meaning of this Act.

• Marginal note:Territories

  (2) In its application to Yukon, the Northwest Territories and Nunavut, the expression "lieutenant governor in council" in this Act means the Commissioner of Yukon, the Northwest Territories or Nunavut, acting after consultation with the Legislative Assembly of Yukon, the Council of the Northwest Territories or the Legislative Assembly of Nunavut, as the case may be.