Canada Student Financial Assistance Regulations

38.2 (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 part-time student, has one or more dependants and has an assessed need in excess of the aggregate of

  • (i) the maximum amount payable under subsection 38(3) as a grant for high-need part-time students, and

  • (ii) the maximum amount payable under section 12.5 as a loan for part-time students;

• (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 pursuant to this section to a qualifying student in each loan year shall not exceed the lesser of

• (a) the qualifying student's 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) $1,920.