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), may be converted into a Direct Loan if you withdraw from full-time studies within 30 days after the first day of classes or you receive a Canada Student Grant disbursement that exceeds your eligibility for that grant, and 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.

Conversion of Canada Student Grant to loan. You acknowledge that all or a portion of your Canada Student Grant(s), may be converted into a Direct Loan if if: - you withdraw from full-time studies within 30 days after the first day of classes classes, or - you receive a Canada Student Grant disbursement that exceeds your eligibility for that grant, and . This Direct Loan amount 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.