What Is The Master Student Financial Assistance Agreement

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If your financial institution is not a SecureKey login partner or you don`t want to use this service, you can access login information (username and password) via GCKey, a Canadian government service. You can also find instructions for filing agreements on the Alberta Student Aid website: MSFAA describes your responsibilities and the terms and conditions for accepting and repaying your student loans. The Master Student Financial Assistance Agreement (MSFAA) is a legal document that defines your responsibilities and the conditions for accepting and repaying your student loans. MSFAA is a multi-year contract. Students who are part of the following groups must complete the MSFAA to obtain public funds (subsidies and loans) for the academic year: your MSFAA does not show you how many federal and provincial loans or grants you receive. You will receive a separate assessment notice from your province or territory to inform you of the amount of financial assistance you receive for students. In future study periods, when the student has been approved for funding, loans and scholarships will be awarded once the school has confirmed enrolment. In order to allow for processing time, agreements should be concluded at least two weeks before the end of the study period. All unpaid funds are cancelled if agreements are not reached with service providers or if the problems related to the agreements are not resolved before the end of the study period.

When a student is first admitted to full-time financing, he or she must enter into a « loan contract » before they can obtain funds. There are two separate agreements: your MSFAA does not specify which support you qualify for; You will receive a separate assessment notice from your province or territory, which will inform you of the amount you receive in federal and provincial loans, as well as any Canadian provincial scholarships or scholarships for which you can qualify. Students submit their agreements directly to service providers and receive their funding from service providers. If a student`s agreements are incomplete or have errors, the appropriate service provider tries to contact the participating (s) participant to resolve the issue. As a general rule, contracts must be signed only once (if the borrower gets their first loan at the federal or provincial level) as long as the borrower remains a full-time student. However, a student must sign new contracts if the student: for example: if a student files his MSFAA full-time Canada, but does not file his Alberta student aid agreement, he receives only his federal funds and vice versa. The Master Student Financial Assistance Agreement (MSFAA) replaces the old loan contracts of the Confederation and the provinces. Because it is a multi-year contract, it is more efficient and easier to use.