Government of Canada / Gouvernement du Canada
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Canada Student Financial Assistance Regulations

Version of section 24 from 2009-08-01 to 2017-06-19:

  •  (1) If repayment assistance is granted because of an error by the borrower in their application, the Minister may cancel or reduce the assistance.

  • (2) The Minister shall provide a notice of the cancellation or reduction to the borrower, in the case of a direct loan, and to the borrower and the lender, in all other cases, specifying

    • (a) the date of the notice; and

    • (b) the day on which the repayment assistance is to be cancelled or reduced.

  • (3) A borrower shall, within 30 days after the date of the notice,

    • (a) repay to the Minister or the lender, as the case may be, the amount of repayment assistance that the borrower was not entitled to receive; or

    • (b) enter into a revised agreement for the repayment of that amount.

  • (4) A lender shall, without delay after the date of the notice, repay to the Minister any amount paid by the Minister as a result of the error.

  • SOR/96-368, s. 18
  • SOR/2000-290, s. 20
  • SOR/2009-212, s. 4

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