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Canada Student Financial Assistance Act

Version of section 7 from 2019-11-01 to 2020-05-17:


Marginal note:Interest-free period

  •  (1) Subject to the regulations, no interest is payable by a borrower on a student loan prescribed by regulations made under paragraph 15(1)(j) in respect of any period of studies during which the borrower is a full-time or part-time student, or in respect of any subsequent period ending on

    • (a) in the case of a student loan that is made to a full-time student, the last day of the sixth month after the month in which the borrower ceases to be a full-time student; and

    • (b) in the case of a student loan that is made to a part-time student, the last day of the sixth month after the month in which the borrower ceases to be a student, whether a part-time or full-time student.

  • Marginal note:No fees

    (2) No fee of any kind may be charged to a borrower on a student loan in respect of any period of studies, or a subsequent period, referred to in subsection (1).

  • 1994, c. 28, s. 7
  • 2008, c. 28, s. 110
  • 2011, c. 15, s. 18
  • 2019, c. 29, s. 325
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