MSFAA is a multi-year loan contract for full-time students that is not covered by the Financial Aid and Student Awards Office. 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. OSAP works with the National Student Loans Service Centre (NSLSC). You are responsible for managing OSAP loans, including the processing of your MSFAA. MSFAA describes your responsibilities and the conditions for accepting and repaying your student loans. Here are the terms and conditions of your MSFAA if you are a full-time student residing in: your MSFAA does not specify the amount of aid for which you qualify; 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. 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). 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 enter into MSFAA to obtain public funds (subsidies and loans) for the academic year: this document replaces the old federal and provincial loan contracts and sets out all the conditions for accepting and repaying national and federal funds. 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. MSFAA`s conditions for Ontario residents are listed on the Canadian government`s website.
The MSFAA can be completed online in a two-step process. You need the following information: If your financial institution is not a SecureKey login partner or if you don`t want to use this service, you can access login information (username and password) via GCKey, a Government of Canada service. Once you have applied for OSAP, you will be asked to submit documents to support your application.