A-13.3, r. 2 - Regulation respecting the interest rate to be applied to certain measures provided for in the Act respecting financial assistance for education expenses and the Regulation respecting financial assistance for education expenses owing to the Covid-19 pandemic for the 2020-2021 and 2021-2022 years of allocation
1.The Minister pays to the financial institution, on behalf of the borrower, the interest on the balance of the guaranteed loan and any capitalized interest, accrued during the period beginning on 1 April 2021 and ending on 31 March 2022, at the rate provided for in section 73 of the Regulation respecting financial assistance for education expenses (chapter A-13.3, r. 1).
1.The Minister pays to the financial institution, on behalf of the borrower, the interest on the balance of the guaranteed loan and any capitalized interest, accrued during the period beginning on 1 April 2021 and ending on 31 March 2022, at the rate provided for in section 73 of the Regulation respecting financial assistance for education expenses (chapter A-13.3, r. 1).