Canada Student Loans Regulations

10 (1) A borrower who has been the subject of a measure taken in accordance with subsection 9(3), (4) or (5) is entitled to an interest-free period or a special interest-free period if, on or after the earlier of the day referred to in paragraph 9(1)(a), (b) or (i) and the day on which the measure was taken,

• (a) the borrower has fulfilled the requirements of section 16 of the Canada Student Financial Assistance Regulations in respect of the borrower's student loans, if any;

• (b) an event referred to in paragraph 9(1)(h), (j) or (k) has not occurred in respect of the borrower's guaranteed student loans;

• (c) a judgment has not been obtained against the borrower in respect of those loans; and

• (d) the borrower has, in respect of the guaranteed student loan agreements, paid the interest accrued to a day and fulfilled the terms of a repayment arrangement entered into with the lender or with the Minister, as the case may be, that is no more onerous to the borrower than six consecutive payments subsequent to that day that are made in accordance with those agreements.

(2) Where a borrower is subject to a measure taken in accordance with subsection 9(4) due to the occurrence of an event referred to in any of paragraphs 9(1)(c) to (g), the borrower has the rights referred to in subsection (1) if

• (a) the borrower has fulfilled the requirements of section 16 of the Canada Student Financial Assistance Regulations in respect of the borrower's student loans, if any;

• (b) an event referred to in paragraph 9(1)(h), (j) or (k) has not occurred in respect of the borrower's guaranteed student loans;

• (c) the borrower has complied with paragraph (1)(d), in the case where the consumer proposal has been annulled or deemed annulled or the provincial law relating to the orderly payment of debts no longer applies to the borrower for a reason other than that the borrower's full compliance with that law and an event referred to in paragraph 9(1)(c), (d) or (f) has not occurred;

• (d) in any case other than that referred to in paragraph (c), the borrower has not been released of the borrower's student loans and guaranteed student loans; and

• (e) a judgment has not been obtained against the borrower in respect of those loans.

(3) Where a borrower is subject to a measure under subsection 9(4) or (5) due to the occurrence of the event referred to in paragraph 9(1)(k), the borrower has the rights referred to in subsection (1) if the borrower has paid the outstanding balance of the guaranteed student loans.