The MSFAA can be completed online as part of a two-step process. You need the following information: If you agree to the terms of amsfaa, your agreement will apply to all funds valued from that date. The next time you apply for student financial aid, you will not have to submit a new MSFAA. Simply complete a studentAid BC application and submit it and view your review notice. The funds for which you are entitled are deposited electronically into your account and/or transferred to your school to pay your academic fees. Once your registration confirmation is processed, your student loans and/or grant funds can be released. If your financial institution is not a SecureKey sign-in partner or you do not wish to use this service, you can obtain login information (username and password) through GCKey, a Canadian government service. The Master Student Financial Assistance Agreement (MSFAA) replaces previous loan agreements at the federal and provincial levels. Since this is a multi-year contract, it is more efficient and easier to use. For example, you don`t need to sign a new agreement the next time you apply for student financial aid (unless you`re taking a two-year break from your studies or establishing residence in another province/territory). Your MSFAA does not indicate the amount of aid for which you qualify.
You will receive a separate assessment notice from your province or territory informing you of the amount of federal and provincial loans, as well as any Canada Student Grants or provincial grants for which you can qualify. After your MSFAA has been processed by the NSLSC and before your student loan and/or scholarship can be released, your school must confirm that you are enrolled in an authorized full-time post-graduation program for the entire duration of your studies for which you have received funding. If you attend a school that does not have access to the electronic enrollment confirmation and have provided a valid email address, you will receive an email inviting you to access your account on the StudentAid BC website dashboard to download a copy of your enrollment confirmation form approximately one month prior to receiving student loans. The MSFAA is a multi-year federal and provincial loan agreement. 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 Canadian government and the other between you and your provincial government. Most B.C. schools confirm online student registration directly to StudentAid BC. Amfaa is a multi-year agreement; You don`t need to submit a new agreement every time you apply for funding through StudentAid BC….