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. When you sign your MSFAA, you sign two contracts: one between you and the Canadian government and the other between you and your provincial government. Your MSFAA does not show you how much you receive in federal and provincial loans or grants. You will receive a separate assessment notice from your province or region telling you how much financial support you will receive for students. Here are the terms of your MSFAA if you are a full-time student of residence: The Student Financial Assistance Framework Agreement (MSFAA) replaces the previous federal and provincial loan agreements. Since 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 the next time you apply for student financial assistance (unless you`re taking a two-year break from university or establishing residence in another province or region). If your financial institution is not a SecureKey sign-in partner or you do not wish to use this service, you can obtain credentials (username and password) through GCKey, a service provided by the Government of Canada. Your MSFAA does not specify the level of support near the latter. You will receive a separate assessment notice from your province or territory that tells you how much you will receive in federal and provincial loans, as well as any Canada student grants or grants to which you may be eligible.
The MSFAA describes your responsibilities and the conditions for accepting and repaying your student loans. The Master Student Financial Assistance Agreement (MSFAA) is a legal document that outlines your responsibilities and the terms of acceptance and repayment of your student loans. The MSFAA is a multi-year agreement. Students in the following groups must complete the MSFAA to receive government funding (grants and loans) for the school year: OSAP works with the National Student Loans Service Centre (NSLSC). You are responsible for managing OSAP loans, including processing your MSFAA. The MSFAA can be completed online in a two-step process. You will need the following information: Two options will be displayed to confirm your identity and register your account with NSLSC. You can use a SecureKey or GCKey sign-in partner.