12. On the recommendation of the Minister, the Government, by regulation, may:(a) taking into account the nature and duration of the courses of study followed by a student, fix the maximum amount, the terms of repayment and the other conditions which shall apply to an approved loan;
(b) determine the basic rate and the method of computation of the interest payable by the Government or by the student on approved loans and, in certain cases, fix the rate of interest;
(c) determine the conditions of application of section 5 when the borrower has ceased to be a student and again becomes one;
(d) prescribe the forms the Minister may establish and the information he may require;
(e) determine conditions of residence and citizenship that a student must meet in order to benefit from the provisions of this Act;
(f) determine the standards for the granting of scholarships and the maximum amounts thereof;
(f.1) determine the number of school terms during which a student may obtain a loan certificate or a scholarship;
(f.2) determine the time limits for the producing of documents and those beyond which an application for financial assistance may be refused or the amount of assistance reduced;
(g) prescribe such other measures as it considers appropriate for the carrying out of this Act.