Canada Student Financial Assistance Regulations

38.1 (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 the student

• (a) is a full-time student, has one or more dependants and has an assessed need in excess of $275 per week;

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

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

(2) The amount of all grants made under this section to a qualifying student in a loan year shall not exceed the least of

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

• (b) $40 per week of study in a loan year if the student has one or two dependants,

• (c) $60 per week of study in a loan year if the student has three or more dependants, and

• (d) $3,120.