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Canada Student Financial Assistance Regulations

Version of section 40.02 from 2016-08-01 to 2017-07-31:

  •  (1) The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant for students from low-income families to a qualifying student who

    • (a) is qualified for enrolment or is enrolled as a full-time student in a program of studies of at least two years duration that leads to a degree, certificate or diploma not beyond the undergraduate level;

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

    • (c) is not denied further student loans under section 15; and

    • (d) has a total family income from the previous year that is no more than the applicable income threshold set out in Table 1 of Schedule 3.

  • (2) The grant shall be $375 per month of study.

  • SOR/2005-152, s. 9
  • SOR/2009-143, s. 14
  • SOR/2016-199, s. 4

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