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 participating in a full-time post-secondary program eligible for the entire study period for which you have received funding. MSFAA is a multi-year contract; You don`t need to submit a new agreement every time you apply for funding through StudentAid BEFORE CHRIST. MSFAA describes your responsibilities and the conditions for accepting and repaying your student loans. 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). Here are the terms and conditions of your MSFAA if you are a full-time student residing in: within two to three business days of receiving your assessment notification letter (NOA) on your StudentAid BC Dashboard account, you will receive a “welcome email” from the National Student Loans Service Centre (NSLSC). Your NOA will be published on your StudentAid BC dashboard after evaluating your application full time. The welcome email provides you with the link to sign up for an online account at the NSLSC and complete your MSFAA. Your DNO letter contains a 10-digit MSFAA number that complements your MSFAA. Most B.C.
schools confirm that students are online enrollment directly with StudentAid BC. If you attend a private school in B.C or a school outside B.C, a registration form is sent to your school. Your school will confirm your registration on the registration form and return the form to StudentAid BC. Once your confirmation of the registration form has been processed, your student loan and/or scholarship can be unlocked. If you go to a school that does not access an e-registration confirmation and have indicated a valid email address, you will receive an email inviting you to access your account on the dashboard of the StudentAid BC website to download a copy of your registration confirmation form about a month before you are eligible to get the student loan money. 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.
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 in the following groups must complete the MSFAA to obtain public funds (subsidies and loans) for the academic year: if your financial institution is not a SecureKey registration partner or if you do not wish to use this service, you can obtain registration information (username and password) via GCKey, a Canadian government service. 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 you receive more than one student loan during your application period (see your assessment notice), your school must confirm your registration each time before the money can be distributed to you. Each scholarship and scholarship program has different requirements for funding release.