Canada Student Loans Act

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Sections349

• 1Short title

  This Act may be cited as the Canada Student Loans Act.

• 2Definitions
• 2(1)

  In this Act,

• 2(1)[p3]

  appropriate authority for a province means such person, body or authority as may be designated by the lieutenant governor in council of that province as the appropriate authority for that province for the purposes of this Act; (autorité compétente)

• 2(1)[p4]

  borrower means a person to whom a loan is made by a lender under this Act; (emprunteur)

• 2(1)[p5]

  certificate of eligibility means a certificate in prescribed form issued or caused to be issued by an appropriate authority pursuant to section 14; (certificat d’admissibilité)

• 2(1)[p6]

  guaranteed student loan means a loan made in accordance with the requirements of section 7; (prêt garanti)

• 2(1)[p7]

  lender means

• 2(1)[p7](a)

  a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act,

• 2(1)[p7](b)

  a credit union, caisse populaire or other cooperative credit society that is designated by the Minister on the application of that society as a lender for the purposes of this Act, or

• 2(1)[p7](c)

  a company within the meaning of the Trust and Loan Companies Act, or a company, society or provincial company within the meaning of the Insurance Companies Act, that is designated by the Minister on the application of that company, society or provincial company as a lender for the purposes of this Act; (prêteur)

• 2(1)[p11]

  loan year means the period commencing on August 1 in any year and ending on July 31 in the following year; (année de prêt)

• 2(1)[p12]

  Minister means the Minister of Employment and Social Development; (ministre)

• 2(1)[p13]

  period of studies means a period of studies at a specified educational institution in a course that is recognized by that educational institution and the appropriate authority for the province to be equivalent to a course that may be taken by a full-time student at that institution as part of a program of studies of at least twelve consecutive weeks duration; (période d’études)

• 2(1)[p14]

  prescribed, in the case of a form or the information to be given on a form, means prescribed by the Minister and, in any other case, means prescribed by the regulations; (Version anglaise seulement)

• 2(1)[p15]

  qualifying student means a person

• 2(1)[p15](a)

  who is a Canadian citizen or a permanent resident within the meaning of subsection 2(1) of the Immigration and Refugee Protection Act,

• 2(1)[p15](b)

  who is qualified for enrolment or is enrolled at a specified educational institution as a full-time or part-time student for a period of studies at a post-secondary school level, and

• 2(1)[p15](c)

  who intends to attend at a specified educational institution as a full-time or part-time student for a period of studies described in paragraph (b) if it is financially possible for that person to do so; (étudiant admissible)

• 2(1)[p19]

  specified educational institution means an institution of learning, whether within or outside a province, that offers courses at a post-secondary school level and that is designated by the lieutenant governor in council of that province, either particularly or as a member of a class, as a specified educational institution within the meaning of this Act. (établissement d’enseignement agréé)

• 2(2)Territories

  In its application to Yukon, the Northwest Territories and Nunavut, the expression lieutenant governor in council in this Act means the Commissioner of Yukon, the Northwest Territories or Nunavut, acting after consultation with the Legislative Assembly of Yukon, the Northwest Territories or Nunavut, as the case may be.

• 2.1Certificates of eligibility
• 2.1(1)

  No certificate of eligibility may be issued under this Act after the day on which section 12 of the Canada Student Financial Assistance Act comes into force.

• 2.1(2)Alternative payments

  No payment may be made under section 16 of this Act for the loan year in which section 14 of the Canada Student Financial Assistance Act comes into force, or for any following loan year.

• 3Maximum amount of loan
• 3(1)

  Subject to this Act and the regulations, a guaranteed student loan may be made by a lender to a qualifying student for a period of studies in an amount not exceeding

• 3(1)(a)

  in the case of a full-time student, one hundred dollars per week; or

• 3(1)(b)

  in the case of a part-time student, an amount that results in the aggregate of outstanding principal of guaranteed student loans made to that borrower as a part-time student being equal to two thousand five hundred dollars.

• 3(2)Adjustment of maximum

  For any loan year, the Minister may adjust the amount of one hundred dollars per week referred to in paragraph (1)(a) or the amount of two thousand five hundred dollars referred to in paragraph (1)(b), or both of those amounts, by multipliers equal to or smaller than the multipliers calculated in accordance with formulas prescribed to reflect annual changes in the average cost to students of pursuing in Canada studies at a post-secondary school level.

• 3(3)Publication of maximum

  The Minister shall cause to be published in the Canada Gazette, before the commencement of each loan year, the amounts referred to in subsection (2) as adjusted pursuant to that subsection for that loan year.

• 4No accrual of interest
• 4(1)

  Beginning on April 1, 2023, no interest is payable by a borrower on a guaranteed student loan.

• 4(1)(a)
• 4(2)Clarification

  For greater certainty, nothing in this section relieves a borrower from liability for interest that accrued before April 1, 2023 on a guaranteed student loan.

• 4(1)(b)
• 5Payment deferred for full-time students

  Subject to the regulations, no amount on account of principal or interest in respect of a guaranteed student loan made to a full-time student is required to be paid by the borrower until the last day of the seventh month after the month in which the borrower ceases to be a full-time student.

• 5.1Agreement to pay interest
• 4(2)(a)
• 5.1(1)

  The Minister may enter into an agreement with a lender respecting the payment of interest, or a province respecting the payment of interest on provincial student loans, by borrowers who are referred to in a regulation that is made under paragraph 17(s.2).

• 4(2)(b)
• 5.1(2)Payment on behalf of reservist

  If there is no agreement, the Minister may pay the interest on behalf of those borrowers.

• 4(3)Idem
• 5.2Personal information

  Personal information, as defined in section 3 of the Privacy Act, that is under the control of a government institution, as defined in that section, shall, on request, be made available to the Minister for the purposes of a regulation that is made under paragraph 17(s.2) or (s.3).

• 4(4)Idem
• 6Interest payable by Minister
• 6(1)

  The Minister shall pay to a lender, in respect of each guaranteed student loan made by that lender to a full-time student, interest at the prescribed rate in respect of any period or periods before April 1, 2023 described in section 4, as it read from time to time before April 1, 2023, in respect of which no interest was payable by the borrower on the loan.

• 6(2)Idem

  No interest is payable by the Minister to a lender pursuant to subsection (1) in respect of a guaranteed student loan, in respect of any period before the obligation of the borrower to that lender in respect of the loan has commenced or after that obligation has ceased.

• 7Guarantee by Minister

  Subject to this Act and the regulations, the Minister is liable to pay to a lender the amount of any loss sustained by it as a result of a loan made to a qualifying student if

• 7(a)

  the loan was made pursuant to an application to a lender, signed by the borrower, stating that the borrower has not received any other loan pursuant to the certificate of eligibility referred to in paragraph (b), or pursuant to any other certificate of eligibility relating to the period of studies specified in the certificate of eligibility referred to in paragraph (b), except any such loan the amount of which, when added to the amount of the loan applied for, did not exceed the applicable loan limit set out in section 3 for that period of studies;

• 7(b)

  the loan was made to a borrower who filed with the lender making the loan a document that purported to be and was accepted by a responsible officer of that lender, in good faith, as a certificate of eligibility issued or caused to be issued by an appropriate authority relating to that borrower for the period of studies specified in that certificate;

• 7(c)

  the amount of the loan did not exceed the lesser of the amount set out in the certificate of eligibility and the applicable loan limit set out in section 3 for the relevant period of studies;

• 7(d)

  no fee, service charge or charge of any kind, other than interest calculated in the prescribed manner and on the prescribed amount and not exceeding the prescribed rate, was by the terms of the loan payable in respect of the loan, except as provided in the regulations in any case where the borrower is in default;

• 7(e)

  the loan was repayable in full by the terms thereof

• 7(e)(i)

  in the case of a loan made to a full-time student, subject to the regulations, in accordance with practices of the lender in respect of repayment, subject to the right of the borrower to repay at any time all or any part of the principal amount of the loan outstanding at that time and any interest then accrued, and

• 7(e)(ii)

  in the case of a loan made to a part-time student, within a period of not more than two years after the loan was made, subject to the right of the borrower to repay at any time all or any part of the principal amount of the loan outstanding at that time and any interest then accrued; and

• 7(f)

  the loan was made in accordance with an agreement in prescribed form between the borrower and the lender making the loan, containing

• 7(f)(i)

  in the case of a loan made to a full-time student, provisions respecting payment of the principal amount of the loan and interest on the loan by the borrower as described in section 4, as it read at the time that the agreement was entered into, section 5 and any other provisions that may be prescribed, or

• 7(f)(ii)

  in the case of a loan made to a part-time student, such provisions as may be prescribed.

• 7.1Payments in respect of errors

  Subject to the regulations, the Minister may pay to a lender the amount of the loss sustained by it as a result of a loan made to a qualifying student if an error concerning the rate of interest or the amount to be repaid was made by the lender in drawing up the agreement for the loan and the Minister considers that the error was inadvertent and that the loss was not affected by the error.

• 8Payment to lenders for collection

  The Minister may pay to a lender a prescribed amount in respect of any sum collected by the lender on behalf of Her Majesty from a borrower after any payment is made by the Minister to the lender pursuant to section 7, in respect of a guaranteed student loan made to that borrower.

• 9Repealed

  [Repealed, 1994, c. 28, s. 23]

• 10Repealed

  [Repealed, 2022, c. 19, s. 150]

• 11Repealed

  [Repealed, 2022, c. 19, s. 150]

• 11.1Portion of loan forgiven
• 11.1(1)

  The Minister may forgive an amount in respect of a guaranteed student loan to a borrower who meets the prescribed conditions and begins to work in an underserved rural or remote community as a

• 11.1(1)(a)

  family physician;

• 11.1(1)(b)

  nurse;

• 11.1(1)(c)

  nurse practitioner;

• 10(a)
• 11.1(1)(d)

  early childhood educator;

• 10(b)
• 11.1(1)(e)

  dentist;

• 10(c)
• 11.1(1)(f)

  dental hygienist;

• 11.1(1)(g)

  pharmacist;

• 11.1(1)(h)

  midwife;

• 11.1(1)(i)

  teacher;

• 11.1(1)(j)

  social worker;

• 11.1(1)(k)

  psychologist;

• 11.1(1)(l)

  personal support worker; or

• 11.1(1)(m)

  physiotherapist.

• 11.1(2)Effective date of forgiveness

  The forgiveness takes effect on the prescribed day.

• 11.1(3)Agreement

  For the purposes of subsection (1), the Minister may enter into an agreement with a lender for the purchase of a guaranteed student loan made by the lender.

• 11.2Suspension of interest and payments

  During the period that begins on March 30, 2020 and ends on September 30, 2020,

• 11.3(a)
• 11.2(a)

  no interest is payable by a borrower on a guaranteed student loan; and

• 11.3(b)
• 11.2(b)

  no amount on account of principal and interest in respect of a guaranteed student loan is required to be paid by the borrower.

• 11.3Suspension of interest

  During the period that begins on April 1, 2021 and ends on March 31, 2023, no interest is payable by a borrower on a guaranteed student loan.

• 12Death of borrower
• 12(1)

  All obligations of a borrower in respect of a guaranteed student loan terminate if the borrower dies, and the Minister shall pay to any lender whose rights against the borrower are terminated under this section the amount of principal and interest determined in the prescribed manner to have been payable by the borrower on the day of the borrower’s death.

• 12(2)Undisclosed death of borrower

  If the borrower dies and notice of the borrower’s death is not received by the lender within 30 days after the day of death, then, despite subsection (1), the day on which the amount is determined in the prescribed manner to have been payable is a day that is fixed by the Minister in accordance with the regulations.

• 12(3)Disappearance of borrower

  If a borrower disappears under circumstances that, in the opinion of the Minister, raise a presumption that the borrower is dead, then all the borrower’s obligations in respect of a guaranteed student loan terminate on the day on which the Minister forms that opinion, and the Minister shall pay to any lender whose rights against the borrower are terminated under this subsection the amount of principal and interest determined in the prescribed manner to have been payable by the borrower on a day that is fixed by the Minister in accordance with the regulations.

• 12(4)Death of borrower before this subsection comes into force

  If, before the day on which this subsection comes into force, a borrower dies or the Minister forms an opinion under paragraph (2)(b) as it read immediately before that day, then all the borrower’s obligations in respect of a guaranteed student loan terminate on that day.

• 12(5)Date fixed is after this subsection comes into force

  However, if the Minister fixes a day under subsection (2) — as it read immediately before this subsection comes into force — that is later than the day on which this subsection comes into force, then the day that is fixed is the day on which the amount of principal and interest is determined in the prescribed manner to be payable under subsection (2) or (3).

• 13Severe permanent disability
• 13(1)

  If the Minister is satisfied, on the basis of prescribed information provided by or on behalf of a borrower, that the borrower, by reason of severe permanent disability, is unable to repay a guaranteed student loan and will never be able to repay it, all rights of any lender against the borrower in respect of that guaranteed student loan terminate, and the Minister shall pay to any lender whose rights against a borrower are terminated under this section the amount of principal and interest determined in the prescribed manner to have been payable by the borrower at the time the borrower provided the Minister with the information required under this section.

• 13(2)Meaning of severe permanent disability

  The Governor in Council may make regulations defining the expression severe permanent disability for the purposes of subsection (1).

• 14Issue of certificates
• 14(1)

  Subject to section 15, the appropriate authority for a province may issue or cause to be issued a certificate of eligibility for a period of studies to a qualifying student whom that authority considers

• 14(1)(a)

  to have attained a satisfactory scholastic standard; and

• 14(1)(b)

  to be in need of a loan for that period of studies.

• 14(2)Required amount to be specified

  A certificate of eligibility shall contain a statement of the amount of the loan, not exceeding the applicable limit under section 3 for the relevant period of studies, that, in the opinion of the appropriate authority issuing the certificate or causing it to be issued, is needed to enable the qualifying full-time or part-time student to pursue, for that period, a program of studies, or part thereof, at a post-secondary school level at the educational institution specified in the certificate.

• 15Limitation on aggregate amount
• 15(1)

  The appropriate authority for a province shall not issue or cause to be issued any certificate of eligibility in a loan year if, as a result thereof, the aggregate of the amounts set out in the certificates of eligibility issued or caused to be issued by that authority in that loan year would exceed the aggregate of

• 15(1)(a)

  the provincial allocation for that province for that loan year, and

• 15(1)(b)

  the supplementary allocation, if any, for that province for that loan year, determined by the Minister pursuant to subsection (4).

• 15(2)Calculation of provincial allocation

  The provincial allocation for a province for a loan year is an amount, as determined by the Minister after consultation with the Chief Statistician of Canada, equal to the aggregate of

• 15(2)(a)

  the product obtained by multiplying ninety-five per cent of the basic loan provision for that loan year by a fraction of which

• 15(2)(a)(i)

  the numerator is the estimated number of persons in that province that, on the first day of that loan year, have attained eighteen years of age and have not attained twenty-five years of age, and

• 15(2)(a)(ii)

  the denominator is the estimated number of persons in Canada, on the first day of that loan year, of the same age group, and

• 15(2)(b)

  the product obtained by multiplying five per cent of the basic loan provision for that loan year by a fraction of which

• 15(2)(b)(i)

  the numerator is the estimated number of persons who were enrolled as part-time students for a period of studies in that province in the previous loan year, and

• 15(2)(b)(ii)

  the denominator is the estimated number of persons who were enrolled as part-time students for a period of studies in Canada in the previous loan year.

• 15(3)Calculation of loan provision

  The basic loan provision for any loan year is an amount, as determined by the Minister after consultation with the Chief Statistician of Canada, equal to the product obtained by multiplying

• 15(3)(a)

  five hundred and thirty million dollars by

• 15(3)(b)

  the quotient obtained by dividing the estimated number of persons in Canada that will be enrolled as full-time students in programs of studies at a post-secondary school level in that loan year by the number of persons in Canada that were enrolled as full-time students in programs of studies at a post-secondary school level in the loan year commencing in 1983 by

• 15(3)(c)

  the multiplier, if any, by which the amount set out in paragraph 3(1)(a) is adjusted for that loan year in accordance with subsection 3(2).

• 15(4)Calculation of supplementary allocation

  The Minister may, on application therefor by the government of a province, determine a supplementary allocation for that province for any loan year in an amount not exceeding minus

• 15(4)(a)

  thirty per cent of the basic loan provision for that loan year, as determined pursuant to subsection (3),

• 15(4)(b)

  the aggregate of all other supplementary allocations for provinces for that loan year, determined by the Minister pursuant to this subsection.

• 16Alternative payment
• 16(1)

  Where the government of a province has, at least twelve months before the commencement of a loan year, informed the Minister in writing that a provincial student loan plan will be in operation in that province in that loan year and that no appropriate authority for that province will be designated for that loan year for the purposes of this Act, the Minister shall pay to the province, not later than six months after the end of that loan year, an alternative amount calculated as provided in this section.

• 16(2)Calculation of payment

  An alternative amount for a province for a loan year beginning before August 1, 1991 is the amount, as determined by the Minister after consultation with the Chief Statistician of Canada, obtained by

• 16(2)(a)

  multiplying by

• 16(2)(a)(i)

  subject to subsection (3), the aggregate of all amounts paid by the Minister in that loan year to lenders under sections 6, 7 and 8, paragraph 10(b), as that paragraph read from time to time before April 1, 2023, and sections 12 and 13, and to collection agencies, in respect of guaranteed student loans made on the basis of certificates of eligibility issued or caused to be issued by the appropriate authorities for participating provinces that issued or caused to be issued such certificates in that loan year, minus all amounts collected by or on behalf of His Majesty in that loan year in respect of those loans,

• 16(2)(a)(ii)

  the quotient obtained by dividing by

• 16(2)(a)(ii)(A)

  the estimated number of persons in that province that, on the first day of that loan year, have attained eighteen years of age and have not attained twenty-five years of age,

• 16(2)(a)(ii)(B)

  the estimated number of persons, in provinces the appropriate authorities for which issued or caused to be issued certificates of eligibility in that loan year, that, on the first day of that loan year, have attained eighteen years of age and have not attained twenty-five years of age; and

• 16(2)(b)

  subtracting from the product obtained under paragraph (a) the result obtained when that product is multiplied by the quotient obtained by dividing by

• 16(2)(b)(i)

  the total amount of guaranteed student loans authorized by that province in the preceding three years

• 16(2)(b)(ii)

  the total amount of guaranteed student loans authorized by all participating provinces in the same period.

• 16(3)Exception

  The amounts described in subparagraph (2)(a)(i) that were paid or collected in respect of a loan made to a part-time student or that were paid under paragraph 10(b), as it read from time to time before April 1, 2023, shall be included in the calculation set out in subparagraph (2)(a)(i) only if the government of the province satisfies the Minister that the provincial student loan plan includes provisions having substantially the same effect as the provisions of this Act relating to loans to part-time students or to the granting of special interest-free periods to borrowers respectively.

• 16(4)Calculation of payment

  An alternative amount for a province for a loan year beginning on or after August 1, 1991 (in this subsection referred to as the “current loan year”) is the amount, as determined by the Minister after consultation with the Chief Statistician of Canada, obtained by

• 16(6)[p122]
• 16(4)(a)

  multiplying by

• 16(6)[p122](a)
• 16(4)(a)(i)

  the net per capita costs for participating provinces for the loan year beginning on August 1, 1990

• 16(6)[p122](b)
• 16(4)(a)(ii)

  the product obtained by multiplying the estimated number of persons in that province who, on the first day of the current loan year, have attained eighteen years of age and have not attained twenty-five years of age by the escalator determined under subsection (5) for each loan year in the period beginning on August 1, 1991 and ending on July 31 of the current loan year; and

• 16(6)[p125]
• 16(4)(b)

  subtracting from the product obtained under paragraph (a), the net costs for that province for the current loan year.

• 16(6)[p125](a)
• 16(5)Escalator

  For the purposes of subparagraph (4)(a)(ii),

• 16(6)[p125](b)
• 16(5)(a)

  subject to paragraph (b), the escalator for a loan year is a fraction of which

• 16(6)[p128]
• 16(5)(a)(i)

  the numerator is the net per capita costs for participating provinces for that loan year, and

• 16(6)[p128](a)
• 16(5)(a)(ii)

  the denominator is the net per capita costs for participating provinces for the previous loan year; and

• 16(6)[p128](b)
• 16(6)[p130]
• 16(5)(b)

  the escalator for the first loan year in which a provincial student loan plan will be in operation in the province and no appropriate authority for the province will be designated for the purposes of this Act is a fraction of which

• 16(6)[p130](a)
• 16(6)[p131]
• 16(5)(b)(i)

  the numerator is the net per capita costs for participating provinces for that first loan year, and

• 16(6)[p130](b)
• 16(6)[p131](a)
• 16(5)(b)(ii)

  the denominator is the net per capita costs for the previous loan year for provinces that are participating provinces in that first loan year.

• 16(6)[p131](b)
• 16(6)[p133]
• 16(6)Definitions

  In this section,

• 16(6)[p133](a)
• 16(6)[p134]
• 16(6)[p133](b)
• 16(6)[p134](a)
• 16(6)[p135]

  net costs, for a province for a loan year, means, subject to subsection (7), the amount by which exceeds

• 16(6)[p134](b)
• 16(6)[p135](a)

  the estimated aggregate of all amounts paid by the Minister in that loan year to lenders under sections 6, 7 and 8, paragraph 10(b), as that paragraph read from time to time before April 1, 2023, and sections 12 and 13, and to collection agencies, in respect of guaranteed student loans made on the basis of certificates of eligibility issued or caused to be issued in any loan year by the appropriate authority for that province

• 16(6)[p136]
• 16(6)[p135](b)

  the estimated aggregate of all amounts received by or on behalf of Her Majesty in that loan year, including any amount received pursuant to the Financial Administration Act, in respect of the loans referred to in paragraph (a); (coûts nets)

• 16(6)[p136](a)
• 16(6)[p137]
• 16(6)[p136](b)
• 16(6)[p137](a)
• 16(6)[p138]

  net per capita costs, for participating provinces for a loan year, means the fraction of which

• 16(6)[p137](b)
• 16(6)[p138](a)

  the numerator is the amount by which the total program net costs for that loan year exceeds the aggregate of the net costs for that loan year for all provinces that are not participating provinces in that loan year, and

• 16(6)[p139]
• 16(6)[p138](b)

  the denominator is the estimated number of persons in the participating provinces who, on the first day of the loan year, have attained eighteen years of age and have not attained twenty-five years of age; (coûts nets par tête)

• 16(6)[p139](a)
• 16(6)[p139](b)
• 16(6)[p141]

  total program net costs, for a loan year, means the amount by which exceeds

• 16(6)[p141](a)

  the aggregate of all amounts paid by the Minister in that loan year to lenders under sections 6, 7 and 8, paragraph 10(b), as that paragraph read from time to time before April 1, 2023, and sections 12 and 13, and to collection agencies, in respect of guaranteed student loans made on the basis of certificates of eligibility issued or caused to be issued in any loan year by the appropriate authorities for participating provinces

• 16(6)[p141](b)

  the aggregate of all amounts received by or on behalf of Her Majesty in that loan year, including any amount received pursuant to the Financial Administration Act, in respect of the loans referred to in paragraph (a). (coûts nets totaux du programme)

• 16(7)Exception

  The amounts described in paragraphs (a) and (b) of the definition net costs in subsection (6) that were paid or received in respect of a loan made to a part-time student or that were paid under paragraph 10(b), as it read from time to time before April 1, 2023, shall be included in the calculation described in that definition only if the government of the province satisfies the Minister that the provincial student loan plan includes provisions having substantially the same effect as the provisions of this Act relating to loans to part-time students or to the granting of special interest-free periods to borrowers respectively.

• 17Regulations

  The Governor in Council may make regulations

• 17(a)Repealed

  [Repealed, 1993, c. 12, s. 9]

• 17(b)

  prescribing in accordance with paragraph 7(f) the provisions to be included in agreements between borrowers and lenders relating to guaranteed student loans;

• 17(c)

  providing for the alteration of agreements between borrowers and lenders and prescribing the conditions and consequences of those alterations;

• 17(d)

  providing for the assignment or transfer by lenders of agreements between borrowers and lenders and prescribing the conditions and consequences of such assignments or transfers;

• 17(e)

  prescribing, for the purposes of section 6, the rate of interest, or the manner of determining the rate of interest, payable by the Minister on a guaranteed student loan or a class of guaranteed student loans;

• 17(f)

  prescribing, for the purposes of paragraph 7(d),

• 17(f)(i)

  the manner of calculating the interest and the amount on which it is to be calculated, and

• 17(f)(ii)

  the rate of interest or the manner of determining the rate of interest;

• 17(g)

  prescribing, in the event of default in the repayment of a guaranteed student loan, the measures to be taken by the lender and the procedures to be followed for the collection of the amount of the loan outstanding and accrued interest;

• 17(h)

  prescribing, for the purpose of section 7 or 7.1, the method of determining the amount of any loss sustained by a lender;

• 17(i)

  prescribing the procedure to be followed by a lender in making a claim against the Minister;

• 17(j)

  respecting the subrogation of Her Majesty to the rights of a lender with respect to a guaranteed student loan;

• 17(k)

  prescribing the maximum number of periods of studies that may elapse after which, notwithstanding anything in this Act, the principal amount of a guaranteed student loan made to a full-time student and interest thereon shall commence to be payable by the borrower;