Common use of Conversion of Canada Student Grant to loan Clause in Contracts

Conversion of Canada Student Grant to loan. You acknowledge that all or a portion of your Canada Student Grant(s), with the exception of the Canada Student Grant for Services and Equipment for Students with Permanent Disabilities, may be converted into a Direct Loan if: - you are no longer qualified for enrolment or are no longer enrolled as a Full-Time Student within 30 days after the first day of classes; - you received the grant on the basis of providing inaccurate information or of failing to provide relevant information; or, - the Appropriate Authority determines that you are not entitled to the grant based on reassessment. The amount converted into a Direct Loan will be added to your Outstanding Loan Balance which you agree to repay in accordance with all applicable Terms and Conditions of the MSFAA-Canada. Note: Beginning on August 1st, 2022, the “Canada Student Grant for Services and Equipment for Students with Permanent Disabilities” will become the “Canada Student Grant for Services and Equipment – Students with Disabilities”. Therefore, beginning on August 1st, 2022, the “Canada Student Grant for Services and Equipment for Students with Permanent Disabilities” is replaced by the “Canada Student Grant for Services and Equipment – Students with Disabilities” in this section.

Conversion of Canada Student Grant to loan. You acknowledge that all or a portion of your Canada Student Grant(s), with the exception of the Canada Student Grant for Services and Equipment for Students with Permanent Disabilities, may be converted into a Part-Time Direct Loan if: ; - you are no longer qualified for enrolment or are no longer enrolled as a FullPart-Time Student within 30 days after the first day of classes; - you received the grant on the basis of providing inaccurate information or of failing to provide relevant information; or, - the Appropriate Authority appropriate authority determines that you are not entitled to the grant based on reassessment. The amount converted into a Direct Loan will be added to your Outstanding Loan Balance which you agree to repay in accordance with all applicable Terms and Conditions of the Part-Time- MSFAA-Canada. Note: Beginning on August 1st, 2022, the “Canada Student Grant for Services and Equipment for Students with Permanent Disabilities” will become the “Canada Student Grant for Services and Equipment – Students with Disabilities”. Therefore, beginning on August 1st, 2022, the “Canada Student Grant for Services and Equipment for Students with Permanent Disabilities” is replaced by the “Canada Student Grant for Services and Equipment – Students with Disabilities” in this section.