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Canada Student Financial Assistance Regulations

Version of section 12.3 from 2006-03-22 to 2009-07-31:

 Subject to paragraphs 12.1(2)(b) and 12.2(2)(b), a borrower ceases to be a part-time student on the earliest of

  • (a) the last day of the last confirmed period,

  • (b) the last day of the month in which the borrower no longer meets the applicable minimum percentage referred to in the definition part-time student in subsection 2(1), and

  • (c) the applicable day on which the borrower’s interest-only period is terminated in accordance with section 15.

  • SOR/96-368, s. 2
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