Canada Student Financial Assistance Act

Marginal note:Administrative measures

• 17.1 (1) If a person, in respect of a student loan or other financial assistance to a student, knowingly makes any false statement or misrepresentation, including by omission, in an application or other document or knowingly provides any false or misleading information, including by omission, the Minister may

  • (a) deny the person financial assistance for a prescribed period;

  • (b) deny the person an interest-free period referred to in subsection 7(1) for a prescribed period, or terminate the interest-free period;

  • (c) deny the person the deferral of payments of principal or interest under section 8 for a prescribed period, or terminate the deferral;

  • (d) deny the person payments of interest under subsection 9(2) for a prescribed period, or terminate the payments;

  • (e) deny the person a gratuitous payment referred to in paragraph 15(1)(l);

  • (f) deny the person special interest-free or interest-reduced periods referred to in paragraph 15(1)(n) for a prescribed period, or terminate the interest-free period or the interest-reduced period;

  • (g) deny the person repayment of a student loan on an income-contingent basis referred to in paragraph 15(1)(o) for a prescribed period, or terminate repayment on an income-contingent basis;

  • (h) require the person to immediately repay any outstanding amount of a student loan that they obtained by reason of the false statement or misrepresentation or the false or misleading information; or

  • (i) require the person to immediately repay any grant that they obtained by reason of the false statement or misrepresentation or the false or misleading information.

• Marginal note:Outstanding student loans

  (2) If, before the day on which this section comes into force, a person knowingly made any false statement or misrepresentation, including by omission, in an application or other document or knowingly provided any false or misleading information, including by omission, in respect of a student loan that is outstanding on that day, the Minister may take any measure set out in paragraphs (1)(a) to (h).

• Marginal note:Notice

  (3) The Minister may not take any measure under subsection (1) or (2) without having given the person 60 days’ notice of the Minister’s intention to take the measure.

• Marginal note:Submissions

  (4) The person may make submissions to the Minister in respect of the measure at any time.

• Marginal note:Rescission or modification of measure

  (5) The Minister may rescind or modify a measure taken under subsection (1) or (2) if new facts are presented or the Minister considers that the measure was taken without knowledge of some material fact or on the basis of a mistake concerning one.

• Marginal note:Limitation or prescription

  (6) The Minister may not take any measure under subsection (1) or (2) later than six years after the day on which he or she becomes aware of the false statement or misrepresentation or the false or misleading information.