Master Financial Agreement Osap

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 who belong to the following groups must complete the MSFAA to receive government funding (grants and loans) for the academic year: The Primary Student Financial Assistance Agreement (MSFAA) replaces previous federal and provincial loan agreements. As this is a multi-year agreement, 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 or establishing residence in another province or region). The MSFAA is a multi-year loan agreement for the federal and provincial governments. 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 doesn`t show you how much you get in federal and state loans or grants. You will receive a separate assessment notice from your province or region indicating the amount of financial support they receive for students. 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.

This document replaces previous loan agreements at the federal and provincial levels and describes all conditions for accepting and repaying state and federal funds. SecureKey enrollment partners are groups such as banks and credit unions that have partnered with SecureKey Technologies to encourage their customers to use their online credentials (for example. B, card numbers or usernames and passwords) to access Canadian government services. Your bank details will not be shared with the government through this service. Here you will find a list of participating banks. . 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: Once you have been assessed by OSAP and approved for funding, the NLSC will send you a welcome email (to the email address you provided in your OSAP account) within two to three business days.

Follow the link in the email to start the registration process. If you would like to receive the email and verify its authenticity, please contact NSLSC. Your MSFAA does not specify the amount of assistance for which you are eligible. You will receive a separate assessment notice from your province or territory, telling you how much you will receive in federal and provincial loans, as well as In Canada Student Grants or provincial grants to which you may be eligible. After registration, you will be redirected to the NSLSC website where you can complete the MSFAA: Here are the requirements of your MSFAA if you are a full-time student residing in: MSFAA Conditions for Ontario Residents are listed on the Government of Canada website. You have two options to verify your identity and register your account with NSLSC. You can use a SecureKey or GCKey sign-in partner. You will be redirected to an external website to complete this identity verification process. The MSFAA describes your responsibilities and the terms of acceptance and repayment of your student loans. .