What Is A Master Student Financial Assistance Agreement

You can also find instructions for submitting the agreements on the Alberta Student Aid website: to allow processing time, agreements must 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. Example: If a student files his FULL-time MSFAA 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) 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 in the following groups must complete the MSFAA to obtain public funds (scholarships and loans) for the academic year: when a student is admitted for the first time to full-time funding, he or she must take out a “loan contract” before he can be granted. There are two separate agreements: 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 agreements if the student: Below you will find a summary of certain conditions to obtain scholarships. By signing the agreement, the student agrees to all conditions, including (but not only): your MSFAA does not specify the amount of aid to which you are eligible; 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. Here are the conditions of your MSFAA if you are a full-time student residing in: In the next periods of study, if the student has been approved for funding, loans and scholarships will be granted as soon as the school has confirmed enrollment. MSFAA is a multi-year loan contract at the federal and provincial levels. It describes your responsibilities and the conditions for accepting and repaying your student loans. If you sign your MSFAA, you sign two contracts: one between you and the Government of Canada and the other between you and your provincial government. This document replaces the old federal and provincial loan contracts and outlines all the conditions for accepting and repaying national and federal funds. MSFAA describes your responsibilities and the conditions for accepting and repaying your student loans.

Your MSFAA does not show you how much you receive federal and regional loans or grants. 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. 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.