Canada Student Financial Assistance Regulations
40.02 (1) The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant to a qualifying student who
(a) is qualified for enrolment or is enrolled as a full-time student in a program of studies of at least two years’ duration that leads to a degree, certificate or diploma not beyond the undergraduate level;
(a.1) subject to subsections (1.1), (1.2) and (1.5), is qualified for enrolment or is enrolled as a full-time student in a program of studies at a public or private, not-for-profit designated educational institution;
(b) meets the criteria set out in paragraphs 12(1)(a) and (b) of the Act; and
(c) is not denied further student loans under section 15.
(1.1) For the loan year commencing on August 1, 2026, a qualifying student who is qualified for enrolment or is enrolled as a full-time student in a program of studies that is offered at a private, for-profit designated educational institution, with the exception of a qualifying student who is issued, or in respect of whom is issued, a certificate of eligibility by an appropriate authority for British Columbia or Manitoba, is exempt from the condition in paragraph (1)(a.1) if that institution offers a program of studies of at least two years’ duration that leads to a degree, certificate or diploma not beyond the undergraduate level and that is intended to lead to one of the following occupations:
(a) nurse;
(b) dental hygienist;
(c) early childhood educator; or
(d) paramedic.
(1.2) For the loan year commencing on August 1, 2026, a qualifying student who is qualified for enrolment or is enrolled as a full-time student in a program of studies that is offered at a private, for-profit designated educational institution and who is issued, or in respect of whom is issued, a certificate of eligibility by an appropriate authority for British Columbia or Manitoba and that is intended to lead to one of the following occupations is exempt from the condition in paragraph (1)(a.1):
(a) nurse;
(b) dental hygienist;
(c) early childhood educator; or
(d) paramedic.
(1.3) For the loan year commencing on August 1, 2027 and for each subsequent loan year, a private, for-profit designated educational institution or a participating province may submit to the Minister — on or before October 15 of the loan year preceding the loan year for which the request is made — a request for an exemption from the condition in paragraph (1)(a.1) for a specific program of studies that is offered by a specific private, for-profit designated educational institution.
(1.4) The Minister must grant the exemption if at least two of the following conditions are met:
(a) the Minister determines that there is a labour market need for the intended occupation of the program of studies for which the request was made;
(b) the intended occupation of the program of studies is regulated by the province in which the designated educational institution that offers that program of studies is located; and
(c) the province in which the designated educational institution is located does not oppose the exemption.
(1.5) For the loan year beginning on August 1, 2027 and for each subsequent loan year, a qualifying student who is qualified for enrolment or who is enrolled as a full-time student in a program of studies that is offered at a private, for-profit designated educational institution is exempt from the condition in paragraph (1)(a.1) if the Minister grants, for the applicable loan year, an exemption to the condition for that program of studies offered by that designated institution.
(2) The maximum amount of the grant for each month of study shall be the lesser of $375 and the amount determined by the following formula:
A – (B x C)
where
- A
- is $375,
- B
- is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 6 of Schedule 4 from the student’s family income, and
- C
- is the monthly phase-out rate set out in column 3 of Table 6 of Schedule 4.
(2.1) Despite subsection (2), for the loan year commencing on August 1, 2026, the maximum amount of the grant for each month of study is the lesser of $525 and the amount determined by the formula
A – (B x C)
where
- A
- is $525;
- B
- is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 11 of Schedule 4 from the student’s family income; and
- C
- is the monthly phase-out rate set out in column 3 of Table 11 of Schedule 4.
(3) [Repealed, SOR/2018-31, s. 9]
(4) and (5) [Repealed, SOR/2018-31, s. 9]
- SOR/2005-152, s. 9
- SOR/2009-143, s. 14
- SOR/2016-199, s. 4
- SOR/2017-126, s. 2
- SOR/2018-31, s. 9
- SOR/2020-144, s. 7
- SOR/2021-138, s. 5
- SOR/2023-157, s. 7
- SOR/2024-146, s. 4
- SOR/2025-113, s. 2
- SOR/2026-139, s. 2
- SOR/2026-153, s. 2
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