Canada Student Loan definition

Canada Student Loan means a Direct Loan made under the CSFAA or a Student Loan made under the CSFAA or the CSLA.
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Canada Student Loan means a Direct Loan made under the CSFAA or Student Loan made under the CSFAA or CSLA.
Sample 1Sample 2Sample 3
Canada Student Loan means a Direct Loan made under the CSFAA or Student Loan made under the CSFAA or CSLA. “CSFAA” means the Canada Student Financial Assistance Act and the Canada Student Financial Assistance Regulations, as in effect at any given time. “CSLA” means the Canada Student Loans Act and the Canada Student Loans Regulations, as in effect at any given time. “Direct Loan” means any loan made by Canada under section 6.1 of the CSFAA on or after August 1, 2000. “Financial Assistance” (a) when used in the MSFAA-Canada, means Direct Loans, Canada Student Grants, repayment assistance, interest-free periods and any other form of financial assistance provided under the CSFAA, directly or indirectly to you; or (b) when used in the MSFAA-BC, means BC Student Loans, BC Student Grants, debt management programs and any other form of financial assistance provided under the BCSAP, directly or indirectly to you. “Full-Time Student” status is maintained for a person, (a) who is enrolled in a minimum 60 percent full course load; or (b) who has a permanent disability, is enrolled in courses that constitute between 40 percent and 60 percent of a full course load and applies to be considered as a Full-Time Student; (c) whose primary occupation is the pursuit of studies in those courses; and (d) when used i) in the MSFAA-Canada, who otherwise complies with the requirements of the CSFAA, and ii) in the MSFAA-BC, who otherwise complies with the requirements of the BCSAP; PROVIDED THAT the definition of Full-Time Student when used in the MSFAA-BC will be applied and interpreted in a manner that is consistent with and that provides for equivalent effect as the definition of Full-Time Student when used in the MSFAA- Canada. “Lender” means a financial institution that is a party to an agreement with Canada, entered into under the CSFAA or the CSLA. “NSLSC” means the National Student Loans Service Centre which administers parts of the Financial Assistance programs on behalf of Canada. “Outstanding Loan Balance” means: (a) when used in the MSFAA-Canada, the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts; or (b) when used in the MSFAA-BC, the principal amount of your BC Student Loans outstanding at any time and the principal amount forming part of any student loan amounts consolidated under section F.15(b)(i) or F.15(b)(iv), together with all interest on t...
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Examples of Canada Student Loan in a sentence

  • You acknowledge that any actions or proceedings taken to recover money owing under a Canada Student Loan will be done in accordance with sections 16.1 and 16.2 of the CSFAA or sections 19.1 and 19.2 of the CSLA, as applicable.

  • You authorize your educational institution to refund to Canada any fees that have been paid with the proceeds of your Canada Student Loan or Canada Student Grant for credit against any Outstanding Loan Balance you may have.

  • You agree to pay any Canada Student Loan amounts that are in excess of your eligibility based on reassessment in the amount and manner as directed by Canada.


More Definitions of Canada Student Loan

Canada Student Loan means a Direct Loan made under the CSFAA or Student Loan made under the CSFAA or CSLA. “CSFAA” means the Canada Student Financial Assistance Act and the Canada Student Financial Assistance Regulations, as in effect at any given time.
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Related to Canada Student Loan

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • At-risk student means any identified student who needs additional support and who is not meeting or not expected to meet the established goals of the educational program (academic, personal/social, career/vocational). At-risk students include but are not limited to students in the following groups: homeless children and youth, dropouts, returning dropouts, and potential dropouts.