Canada Student Financial Assistance Regulations

38 (1) An appropriate authority, or a body authorized by the Minister for a province, may make a Canada study grant to a qualifying student if that student

• (a) is qualified for enrolment or is enrolled as a part-time student;

• (b) demonstrates to the satisfaction of the appropriate authority or other body that the student is unable to qualify for enrolment in at least 60 per cent of a course load recognized by the designated educational institution as a full course load;

• (c) meets the criteria set out in subsection 12(1) of the Act;

• (c.1) has successfully completed all courses in respect of which a grant was previously made to the student under this section;

• (d) has an annual family income that is equal to or less than the applicable income threshold indicated in the Income Threshold Table, as amended from time to time, published in the Canada Gazette Part I, taking into consideration the number of persons comprising the borrower, the borrower's spouse or common-law partner and their dependants; and

• (e) is not denied further student loans in accordance with section 15.

(2) In order to receive a grant under this section, a qualifying student shall submit a duly completed application for a grant in prescribed form to the appropriate authority or other body.

(3) The amount of all grants made pursuant to this section to a qualifying student in a loan year shall not exceed the lesser of

• (a) the qualifying student's need, and

• (b) $1,200.