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

Section 59 Disposition versions

2012-09-01

59. The balance of all guaranteed loans, at every level of education and cycle, may not exceed

(1)  $22,000 for a student in vocational training at the secondary level;

(2)  $16,000 for a student at the college level for pre-university studies;

(3)  $23,000 for a student at the college level for technical studies;

(4)  $30,000 for a student at the undergraduate university level for a course of study of fewer than 28 months;

(5)  $36,000 for a student at the undergraduate university level for a course of study of 28 months or more;

(6)  $42,000 for a student at the master’s level for a course of study of fewer than 20 months;

(7)  $48,000 for a student at the master’s level for a course of study of 20 months or more;

(8)  $55,000 for a student at the doctoral level.

Despite the first paragraph, the maximum level of indebtedness is increased to $27,000 for a student pursuing his or her studies at the college level in a course of study not recognized for the purposes of subsidies granted under the Act governing the educational institution or in a course of study offered by a private educational institution. The maximum level of indebtedness is increased to $55,000 for a student pursuing studies at the university level in Canada, outside Québec, and to $70,000 for a student attending an educational institution outside Canada.

For the purposes of this section, an amount corresponding to the amount of the bursary to be paid, if applicable, to the financial institution for the preceding year of allocation or an amount of financial assistance in the form of a loan that is recovered by the Minister during the year of allocation pursuant to section 99 is not taken into account. Despite the foregoing, an amount of financial assistance in the form of a bursary repayable to the Minister is taken into account.

O.C. 344-2004, s. 59; O.C. 670-2004, s. 3.