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What Is Master Student Financial Assistance Agreement

In future study periods, when the student has been approved for funding, loans and scholarships will be awarded once the school has confirmed enrolment. Below is a summary of some of the conditions for obtaining educational assistance. By signing the contract, the student accepts all the terms of sale, including (but not only): to allow a processing period, the contracts must be concluded at least two weeks before the end of the study period. 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. 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. 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: contracts generally only have to be signed 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: your MSFAA does not specify the amount of assistance 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. 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. This document replaces the old federal and provincial loan contracts and outlines all the conditions for accepting and repaying national and federal funds. 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.