Canada Student Financial Assistance Act

Marginal note:Issue of certificates

• 12 (1) Subject to the regulations, the appropriate authority for a province designated under paragraph 3(1)(a) may, on application, issue or cause to be issued a certificate of eligibility in the prescribed form, for a period of studies at a designated educational institution in Canada or outside Canada, to a qualifying student whom that authority considers

  • (a) to have attained a satisfactory scholastic standard; and

  • (b) to be in need of financial assistance.

• Marginal note:Amount needed

  (2) Where the appropriate authority considers that a qualifying student meets the criteria set out in paragraphs (1)(a) and (b), it shall determine the amount the student needs, taking into consideration

  • (a) the program of studies in which the qualifying student is registered;

  • (b) the cost of books and other course-related supplies; and

  • (c) whether the qualifying student is enrolled in an institution outside the province of residence of the student.

• Marginal note:Contents

  (3) A certificate of eligibility must set out the social insurance number of the qualifying student and the maximum amount of the financial assistance that may be given to the student.

• Marginal note:Maximum amount for certain full-time students

  (4) In the case of a full-time student, the maximum amount, for a province, of a student loan prescribed by regulations made under paragraph 15(j), and in respect of which a certificate of eligibility is issued, is the lesser of

  • (a) the amount prescribed for that province, and

  • (b) the product obtained by multiplying

    • (i) the amount determined under subsection (2) for the student

    by

    • (ii) the percentage prescribed for that province.

• Marginal note:Escalator

  (5) The amount referred to in paragraph (4)(a) may be adjusted annually by an escalator determined in accordance with the prescribed formula.

• Marginal note:Maximum amount for part-time students

  (6) In the case of a part-time student, the maximum amount, for a province, of a student loan in respect of which a certificate of eligibility is issued is the prescribed amount.

• Marginal note:Maximum amount

  (7) The maximum amount of financial assistance in respect of which a certificate of eligibility is issued, other than a loan to which subsection (4) or (6) applies, is the prescribed amount, or the amount calculated in accordance with the prescribed formulas.

• Marginal note:Idem

  (8) The maximum amount of financial assistance in respect of which a certificate of eligibility is not required is the prescribed amount, or the amount calculated in accordance with the prescribed formulas.