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 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 defines 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 accept the terms of the MSFAA, your approval will apply to all funds set up from that date. The next time you apply for student financial assistance, you won`t need to submit a new MSFAA. Simply complete a StudentAid BC application and submit it and show your assessment opinion. The money for which you are entitled is deposited electronically into your account and/or transferred to your school to pay your tuition. 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. Once your confirmation of the registration form has been processed, your student loan and/or scholarship can be unlocked. 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. 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.
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. 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) 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.