Canada Student Financial Assistance Regulations

3 A certificate of eligibility issued pursuant to subsection 12(1) of the Act shall include

• (a) a statement that the qualifying student named in that certificate qualifies for the issuance of that certificate under the Act and these Regulations as a full-time student or part-time student;

• (b) a statement to the effect that, on signing the consent and certification portion of the certificate of eligibility, the qualifying student authorizes the designated educational institution attended by the student to forward

  • (i) to the lender any refund of fees that have been paid with the proceeds of a risk-shared loan authorized by that certificate for credit against any risk-shared loans or guaranteed student loans of the student that are held by the lender, or

  • (ii) to the Minister any refund of fees that have been paid with the proceeds of a direct loan authorized by that certificate for credit against any direct loans of the student;

• (c) a statement to the effect that, on signing the consent and certification portion of the certificate of eligibility, the qualifying student ratifies any student loans made to that student while a minor;

• (d) the signature of the appropriate authority; and

• (e) a statement to the effect that the Minister may require repayment of all or part of a grant by way of conversion into a direct loan in the circumstances set out in subsection 40.04(1).