Canada Student Financial Assistance Regulations

38 (1) The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant for part-time studies to a qualifying student who

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

• (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;

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

• (d) has a family income that is no more than the applicable annual income threshold for their family size in accordance with Table 1 of Schedule 4.

• (e) [Repealed, SOR/2009-143, s. 8]

(2) The qualifying student must apply for the grant in the prescribed form to the appropriate authority or other body.

(3) The grant for each loan year shall not exceed the lesser of

• (a) the amount the student needs as determined under subsection 12(2) of the Act;

• (b) $1,800; and

• (c) the amount determined by the following formula:

  A – (B × C)

  where

  A

  is $1,800,

  B

  is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 2 of Schedule 4 from the student’s family income, and

  C

  is the annual phase-out rate set out in column 3 of Table 2 of Schedule 4.

(4) Despite subsection (3), the grant for the loan year commencing on August 1, 2024 is the lesser of

• (a) the amount the student needs as determined under subsection 12(2) of the Act,

• (b) $2,520, and

• (c) the amount determined by the following formula:

  A – (B × C)

  where

  A

  is $2,520,

  B

  is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 7 of Schedule 4 from the student’s family income, and

  C

  is the annual phase-out rate set out in column 3 of Table 7 of Schedule 4.