Canada Student Financial Assistance Regulations

14.3 The circumstances for denying a certificate of eligibility to an individual are that the individual

• (a) is 22 years of age or more when applying for the first time for financial assistance;

• (b) in the 36 months before making the application, has had at least three instances when an instalment on three or more loans or other debts each of which is higher than $1,000 was more than 90 days overdue; and

• (c) had control over the circumstances that led to the overdue instalments.