Canada Student Financial Assistance Regulations

17 (1) The principal amount of a student loan made to the borrower as a full-time student, and any interest thereon, commence to be payable by the borrower on the last day of the seventh month after the month in which the borrower ceased to be a full-time student pursuant to section 8, where the number of weeks calculated on the applicable day referred to in that section and in accordance with subsection (3) exceeds

• (a) 520 weeks,

  • (i) in the case of a full-time student with a permanent disability, or

  • (ii) in the case of a full-time student to whom a guaranteed student loan has been made as a full-time student, whether or not that loan is outstanding; or

• (b) subject to subsection (2), 340 weeks, in any other case.

(2) Where a full-time student referred to in paragraph (1)(b) has exceeded the number of weeks referred to in that paragraph, that number of weeks shall be increased by 60 weeks if that student is enrolled in a doctoral program of studies.

(3) For the purposes of subsections (1) and (2), the number of weeks is the aggregate of the number of weeks corresponding to the borrower’s confirmed periods as a full-time student, or the equivalent, under the Act and the Canada Student Loans Act, less the number of weeks determined by the Minister for which the designated educational institution has provided that the borrower, despite subsection 8(2), was no longer a full-time student.