29.4. A special allocation for university studies is granted in the form of a loan to a student who meets the following conditions:
(1) the student attends a university-level institution in Québec;
(2) the student receives a contribution from his or her parents, a sponsor or a spouse having an income established pursuant to section 15 of not more than $100,000; and
(3) the loan granted to the student according to the computation provided for in section 14 of the Act is lower than the first portion of a loan.
The amount of the allocation corresponds to the special allocation provided for in section 29.2, to which is added, up to $2,400, the difference between the first portion of a loan and the loan granted to the student pursuant to section 14 of the Act.
The amount of the allocation is not taken into account for the purposes of the computation of the financial assistance for education expenses.