A-13.3, r. 1 - Regulation respecting financial assistance for education expenses

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1. The contribution of a student for a year of allocation is established as the sum of
(1)  50% of the student’s employment income referred to in Schedule I, minus applicable exemptions;
(2)  the student’s other income referred to in Schedule II; and
(3)  the student’s scholarship income.
For the purposes of the computation in subparagraph 1 of the first paragraph, only 40% of the student’s employment income is taken into account if no financial assistance is granted to the student under the loans and bursaries program for the preceding year of allocation.
If the result of the computation of financial assistance does not exceed the portion of the maximum amount of a loan established pursuant to section 54, the student’s contribution is recomputed taking into account only the items referred to in subparagraphs 2 and 3 of the first paragraph. The financial assistance granted to the student in the form of a loan may not exceed that portion of the maximum amount of a loan.
O.C. 344-2004, s. 1; O.C. 774-2012, s. 1; O.C. 452-2013, s. 1.
1. The contribution of a student for a year of allocation is established as the sum of
(1)  50% of the student’s employment income referred to in Schedule I, minus applicable exemptions;
(2)  the student’s other income referred to in Schedule II; and
(3)  the student’s scholarship income.
For the purposes of the computation in subparagraph 1 of the first paragraph, only 40% of the student’s employment income is taken into account if no financial assistance is granted to the student under the loans and bursaries program for the preceding year of allocation.
If the result of the computation of financial assistance does not exceed the portion of the maximum amount of a loan established pursuant to section 54, the student’s contribution is recomputed taking into account only the items referred to in subparagraphs 2 and 3 of the first paragraph. The financial assistance granted to the student in the form of a loan may not exceed that portion of the maximum amount of a loan, without taking into account the increase provided for in section 51.1, if applicable.
Despite the third paragraph, the financial assistance granted to a student who receives a contribution from his or her parents, a sponsor or a spouse may exceed that portion of the maximum amount of a loan, where the result of the computation of the financial assistance is greater than the maximum portion of a loan established pursuant to section 51, without taking into account the increase provided for in section 51.1, to which is added the special allocation provided for in section 29.2. In that case, the financial assistance granted to the student in the form of a loan may not exceed the result of the computation of the financial assistance.
O.C. 344-2004, s. 1; O.C. 774-2012, s. 1.