Canada Student Loans Regulations

11 (1) The principal amount of a full-time guaranteed loan, and any interest thereon, commence to be payable by the borrower on the last day of the seventh month after the month in which the borrower ceased to be a full-time student pursuant to section 4.1, where the number of periods of studies, calculated in weeks, on the applicable day referred to in that section and in accordance with subsection (2), exceeds 520 weeks.

(2) For the purposes of subsection (1), the number of weeks is the aggregate of the number of weeks corresponding to the borrower’s confirmed periods as a full-time student, or the equivalent, under the Act and the Canada Student Financial Assistance Act, less the number of weeks determined by the Minister for which the specified educational institution has provided that the borrower, despite subsection 4.1(2), was no longer a full-time student.