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A-13.3, r. 1 - Regulation respecting financial assistance for education expenses
Section 98
Disposition versions
98. Financial assistance in the form of a loan received by a student without entitlement is recovered by the Minister from any financial assistance granted for subsequent years of allocation, if any.
The amount of financial assistance subject to recovery is determined by subtracting the sum obtained after adding $1,000 to the amount of financial assistance in the form of a loan to which the student is entitled for the year of allocation from the amount of financial assistance in the form of a loan received for the year of allocation.
If the amount of financial assistance in the form of a loan to which the student is entitled for the year of allocation is less than the amount of the portion of the maximum amount of the loan established pursuant to section 54, the amount of financial assistance subject to recovery is determined by subtracting the sum obtained after adding $1,000 to the amount of that portion of the maximum amount of the loan from the amount of financial assistance received for the year of allocation.
