- April 11, 2021
- Posted by: samdenis
MSFAA describes your responsibilities and the conditions for accepting and repaying your student loans. Once we have confirmed the amount of education we will take from your student loan, we advise national student loans and put a note on your account. This note prevents interest from being charged into your account while we wait for the money to be sent through national student loans. If you are an alternate registered student, we only take study allowances on your loan for the U-Der-R classes. 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. If you are a part-time student, you will bring or send the certificate of authorization with the photo ID card to the Prices and Grants Office (SAFA) for your degree. SecureKey registration partners are groups such as banks and credit unions that have partnered with SecureKey Technologies to enable their customers to use their credentials online (. B, for example, card numbers or usernames and passwords) to access administration services. Your bank details will not be passed on to the government via this service. See the list of participating banks.
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. The Canada-Saskatchewan Integrated Student Loan Program means saskatchewan residents can apply for federal and provincial loans using an application form. Recent changes to the student financial assistance program make post-secondary education more accessible to low- and middle-income students and provide more non-refundable and affordable reimbursement opportunities. Here are the terms and conditions of your MSFAA if you are a full-time student residing in: The Master Student Financial Assistance Agreement (MSFAA) is a legal document that describes 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 complete the MSFAA to obtain public funds (scholarships and loans) for the academic year: If you have been designated for a student loan and/or scholarship for the first time, you must complete the Master Student Financial Assistance Agreement (MSFAA), which is a legal agreement between you and the government. This is a contract between you and the government that describes your responsibilities and the terms of the loan. There is a two-step online process: once you have submitted your application, you can monitor your application status online. Once your loan has been assessed, you will know what type of financing you can receive (loan and/or grant), how much money you receive and when you can rely on the money. This is communicated by a “rating notice” on your portal account. Once the money has been received by the national student`s loans, a payment will be posted to your student account.
If we have taken courses for two semesters, a credit (negative number) may appear on your account. The Master Student Financial Assistance Agreement (MSFAA) replaces the old loan contracts of the Confederation and the provinces.