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Canada Student Financial Assistance Regulations

Version of section 38 from 2018-08-01 to 2020-07-31:

  •  (1) The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant for part-time studies to a qualifying student who

    • (a) is qualified for enrolment or is enrolled as a part-time student;

    • (b) meets the criteria set out in paragraphs 12(1)(a) and (b) of the Act;

    • (c) is not denied further student loans under section 15;

    • (c.1) has successfully completed all courses in respect of which a grant was previously made to the student under this section; and

    • (d) has a family income that is no more than the applicable annual income threshold for their family size in accordance with Table 1 of Schedule 4.

    • (e) [Repealed, SOR/2009-143, s. 8]

  • (2) The qualifying student must apply for the grant in the prescribed form to the appropriate authority or other body.

  • (3) The grant for each loan year shall not exceed the lesser of

    • (a) the amount the student needs as determined under subsection 12(2) of the Act;

    • (b) $1,800; and

    • (c) the amount determined by the following formula:

      A – (B × C)

      where

      A
      is $1,800,
      B
      is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 2 of Schedule 4 from the student’s family income, and
      C
      is the annual phase-out rate set out in column 3 of Table 2 of Schedule 4.
  • SOR/96-368, s. 26
  • SOR/2001-230, s. 4
  • SOR/2002-219, s. 6
  • SOR/2009-143, s. 8
  • SOR/2012-78, s. 2
  • SOR/2016-199, s. 3
  • SOR/2018-31, s. 6
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