Below is a summary of some of the conditions for obtaining educational assistance. By signing the agreement, the student agrees to all conditions, including (but not limited): Example: If a student files his MSFAA full-time Canada but does not hand over his Alberta student aid agreement, he receives only his federal funds and vice versa. MSFAA describes your responsibilities and the conditions for accepting and repaying your student loans. 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. In order to allow for processing time, agreements should be concluded at least two weeks before the end of the study period. 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.
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. 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. For example, you don`t need to sign a new agreement when you apply for student financial assistance (unless you have a two-year study period or you create your residency in another province/region). In future study periods, when the student has been approved for funding, loans and scholarships will be awarded once the school has confirmed enrolment. Here are the terms and conditions of your MSFAA if you are a full-time student residing in: All unpaid funds are cancelled if agreements are not received by service providers or if problems with the agreements are not resolved before the end of the study.