Canada Student Financial Assistance Act

Marginal note:Agreement with service provider

• 6.2 (1) The Minister may enter into an agreement with any corporation incorporated under the laws of Canada or a province and carrying on business in Canada (a “service provider”), respecting the administration of student loans made, or other forms of financial assistance provided, by the Minister. An agreement may provide for, but is not limited to, the following matters:

  • (a) disbursing student loans or other forms of financial assistance on behalf of the Minister;

  • (b) audits and adjustments in respect of payments made by the Minister under the agreement;

  • (c) the manner of calculating the interest payable by the Minister to the service provider, including the amount on which interest is to be calculated and the rate of interest or the manner of determining the rate of interest;

  • (d) the procedures to be followed by the service provider in making, collecting or otherwise dealing with a student loan and other forms of financial assistance;

  • (e) the making of reports to the Minister respecting student loans and other forms of financial assistance;

  • (f) the terms and conditions respecting the obligations of the Minister and the service provider under the agreement; and

  • (g) the payment of compensation by the Minister to the service provider for the administration of student loans and other forms of financial assistance.

• Marginal note:Privacy Act

  (2) The Privacy Act applies to a service provider with respect to its activities under this Act as if it were a government institution.