A-13.3 - Act respecting financial assistance for education expenses

Section 24 Disposition versions

2004-05-01

24. During a borrower’s full exemption period, the Minister shall pay the interest on the balance of the loan, at the rate fixed by regulation, to any financial institution which has made a guaranteed loan.

During the borrower’s partial exemption period, the borrower must pay the interest on the balance of the loan at the rate fixed by regulation. At the end of this period, any interest not paid by the borrower shall be capitalized.

Despite the second paragraph, the interest on the portion of the loan repaid pursuant to section 22 shall be borne by the Minister.

1990, c. 11, s. 24; 1992, c. 68, s. 156; 1994, c. 17, s. 77; 1997, c. 90, s. 5; 1997, c. 96, s. 165; 1999, c. 43, s. 15; 2003, c. 19, s. 250; 2003, c. 17, s. 18.

2003-12-18

24. The Minister shall pay to any financial institution which has made an authorized loan the interest on the balance of such loan at the rate fixed by regulation, as long as the borrower is a full-time student and during the additional period ending on the date determined by regulation.

For the purposes of this section, the word “student” includes

(1)  every person who has already obtained a loan under this Act and who is enrolled on a full-time basis at a secondary school, a vocational training centre or an adult education centre within the meaning of the Education Act (chapter I‐13.3) or the Education Act for Cree, Inuit and Naskapi Native Persons (chapter I‐14), or in an institution governed by the Act respecting private education (chapter E‐9.1) which provides general or vocational education at the secondary level;

(2)  with the authorization of the Minister and provided the person is in a precarious financial situation within the meaning of the regulation, every person who pursues postdoctoral studies or a training period recognized by the Government, and a person who takes part in a sports training program recognized by the Ministère des Affaires municipales, du Sport et du Loisir.

1990, c. 11, s. 24; 1992, c. 68, s. 156; 1994, c. 17, s. 77; 1997, c. 90, s. 5; 1997, c. 96, s. 165; 1999, c. 43, s. 15; 2003, c. 19, s. 250.

1999-10-27

24. The Minister shall pay to any financial institution which has made an authorized loan the interest on the balance of such loan at the rate fixed by regulation, as long as the borrower is a full-time student and during the additional period ending on the date determined by regulation.

For the purposes of this section, the word “student” includes

(1)  every person who has already obtained a loan under this Act and who is enrolled on a full-time basis at a secondary school, a vocational training centre or an adult education centre within the meaning of the Education Act (chapter I-13.3) or the Education Act for Cree, Inuit and Naskapi Native Persons (chapter I-14), or in an institution governed by the Act respecting private education (chapter E-9.1) which provides general or vocational education at the secondary level;

(2)  with the authorization of the Minister and provided the person is in a precarious financial situation within the meaning of the regulation, every person who pursues postdoctoral studies or a training period recognized by the Government, and a person who takes part in a sports training program recognized by the Ministère des Affaires municipales et de la Métropole.

1990, c. 11, s. 24; 1992, c. 68, s. 156; 1994, c. 17, s. 77; 1997, c. 90, s. 5; 1997, c. 96, s. 165; 1999, c. 43, s. 15.

1999-04-01

24. The Minister shall pay to any financial institution which has made an authorized loan the interest on the balance of such loan at the rate fixed by regulation, as long as the borrower is a full-time student and during the additional period ending on the date determined by regulation.

For the purposes of this section, the word “student” includes

(1)  every person who has already obtained a loan under this Act and who is enrolled on a full-time basis at a secondary school, a vocational training centre or an adult education centre within the meaning of the Education Act (chapter I-13.3) or the Education Act for Cree, Inuit and Naskapi Native Persons (chapter I-14), or in an institution governed by the Act respecting private education (chapter E-9.1) which provides general or vocational education at the secondary level;

(2)  with the authorization of the Minister and provided the person is in a precarious financial situation within the meaning of the regulation, every person who pursues postdoctoral studies or a training period recognized by the Government, and a person who takes part in a sports training program recognized by the Ministère des Affaires municipales.

1990, c. 11, s. 24; 1992, c. 68, s. 156; 1994, c. 17, s. 77; 1997, c. 90, s. 5; 1997, c. 96, s. 165.

1998-05-01

24. The Minister shall pay to any financial institution which has made an authorized loan the interest on the balance of such loan at the rate fixed by regulation, as long as the borrower is a full-time student and during the additional period ending on the date determined by regulation.

For the purposes of this section, the word “student” includes

(1)  every person who has already obtained a loan under this Act and who is enrolled on a full-time basis in a secondary school or in an adult education centre within the meaning of the Education Act (chapter I-13.3) or the Education Act for Cree, Inuit and Naskapi Native Persons (chapter I-14), or in an institution governed by the Act respecting private education (chapter E-9.1) which provides general or vocational education at the secondary level;

(2)  with the authorization of the Minister and provided the person is in a precarious financial situation within the meaning of the regulation, every person who pursues postdoctoral studies or a training period recognized by the Government, and a person who takes part in a sports training program recognized by the Ministère des Affaires municipales.

1990, c. 11, s. 24; 1992, c. 68, s. 156; 1994, c. 17, s. 77; 1997, c. 90, s. 5.

1994-06-17

24. The Minister shall pay to any financial institution which has made an authorized loan the interest on the balance of such loan at the rate fixed by regulation, as long as the borrower is a full-time student and during his period of exemption.

For the purposes of this section, the word “student” includes

(1)  every person who has already obtained a loan under this Act and who is enrolled on a full-time basis in a secondary school or in an adult education centre within the meaning of the Education Act (chapter I-13.3) or the Education Act for Cree, Inuit and Naskapi Native Persons (chapter I-14), or in an institution governed by the Act respecting private education (chapter E-9.1) which provides general or vocational education at the secondary level;

(2)  with the authorization of the Minister, every person who pursues postdoctoral studies or a training period recognized by the Government, and a person who takes part in a sports training program recognized by the Ministère des Affaires municipales.

1990, c. 11, s. 24; 1992, c. 68, s. 156; 1994, c. 17, s. 77.

1993-07-01

24. The Minister shall pay to any financial institution which has made an authorized loan the interest on the balance of such loan at the rate fixed by regulation, as long as the borrower is a full-time student and during his period of exemption.

For the purposes of this section, the word “student” includes

(1)  every person who has already obtained a loan under this Act and who is enrolled on a full-time basis in a secondary school or in an adult education centre within the meaning of the Education Act (chapter I-13.3) or the Education Act for Cree, Inuit and Naskapi Native Persons (chapter I-14), or in an institution governed by the Act respecting private education (chapter E-9.1) which provides general or vocational education at the secondary level;

(2)  with the authorization of the Minister, every person who pursues postdoctoral studies or a training period recognized by the Government, and a person who takes part in a sports training program recognized by the Ministère du Loisir, de la Chasse et de la Pêche.

1990, c. 11, s. 24; 1992, c. 68, s. 156.

1990-06-08

24. The Minister shall pay to any financial institution which has made an authorized loan the interest on the balance of such loan at the rate fixed by regulation, as long as the borrower is a full-time student and during his period of exemption.

For the purposes of this section, the word “student” includes

(1)  every person who has already obtained a loan under this Act and who is enrolled on a full-time basis in a secondary school or in an adult education centre within the meaning of the Education Act (chapter I-13.3) or the Education Act for Cree, Inuit and Naskapi Native Persons (chapter I-14), or in an institution governed by the Act respecting private education (chapter E-9) which provides general or vocational education at the secondary level;

(2)  with the authorization of the Minister, every person who pursues postdoctoral studies or a training period recognized by the Government, and a person who takes part in a sports training program recognized by the Ministère du Loisir, de la Chasse et de la Pêche.

1990, c. 11, s. 24.