Canada Student Financial Assistance Regulations

40.021 (1) The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant for students from middle-income families 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;

• (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; and

• (d) has a total family income from the previous year that is more than the applicable income threshold set out in Table 1 of Schedule 3 and no more than the applicable threshold in Table 2 of Schedule 3.

(2) The grant shall be $150 per month of study.