7. Except in the cases provided for in the regulations, the Minister shall grant a scholarship to a student only if the latter has obtained a loan certificate for the amount provided for by the regulations and the amount of such loan is insufficient to enable him to undertake or continue his studies and to suitably meet his needs.
However, a scholarship may also be granted in accordance with the regulations by way of a competitive examination in consideration of the exceptional merit of a student and of the programme of studies pursued.
1966-67, c. 70, s. 7; 1976, c. 37, s. 5.