Canada Student Financial Assistance Regulations

12.2 (1) Subject to sections 12.1 and 15, a borrower shall, in order to continue to be or again become a part-time student,

• (a) obtain, on a confirmation of enrolment, the signature of an officer of the designated educational institution at which the borrower is enrolled or the signature of the appropriate authority for the province in which that institution is located, where that institution has authorized that authority to act as an agent of that institution for such a purpose and has notified the Minister of that authorization;

• (b) sign the consent and certification portion, which includes a statement to the effect that the borrower ratifies any student loans made to that borrower as a minor, of the confirmation of enrolment;

• (c) within 30 days after the signing of the confirmation of enrolment but before the end of the confirmed period, submit the confirmation of enrolment

  • (i) to the branch of the lender to which the borrower is indebted under any risk-shared loan agreement or guaranteed student loan agreement, or

  • (ii) to the Minister; if the borrower is indebted under any direct loan agreement;

• (d) pay

  • (i) to the lender, at the lender's request, any interest accrued under a student loan agreement or a guaranteed student loan agreement entered into as a part-time student, if any, to the day before the first day of the confirmed period and any other interest accrued to the day on which the borrower submits the confirmation of enrolment, and

  • (ii) to the Minister, at the Minister's request, any interest accrued under a direct student loan agreement, if any, to the day before the first day of the confirmed period and any other interest accrued to the day on which the borrower submits the confirmation of enrolment.

(2) A borrower that meets the requirements set out in subsection (1)

• (a) again becomes a part-time student on the day on which that borrower meets those requirements, where more than six months have elapsed between the last day of the previous confirmed period and the first day of the current confirmed period; and

• (b) continues to be a part-time student on and after the day following the last day of the previous confirmed period, where not more than six months have elapsed between the last day of that period and the first day of the current confirmed period.