First-year students must print and sign up for their Alberta loan agreement before the funding is paid to the student. More information on the conclusion of Alberta MSFAA: Closing your aid agreement to the University of Alberta The Master Student Financial Assistance Agreement (MSFAA) replaces old federal and provincial loan contracts. 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). When a student is first admitted to full-time financing, he or she must enter into a “loan contract” before they can obtain funds. There are two separate agreements: all unpaid funds are cancelled if agreements are not concluded with service providers or if the problems related to the agreements are not resolved before the end of the study period. The Canada Student Loan Program (CSLP) is an electronic MSFAA process through which students must submit their Canada loan contract electronically via the National Student Loan Service Centre (NSLSC) website. Students need their name, social security number and Canadian MSFAA number (in their student aid inbox and in an NSLSC email). For a screen-by-screen passage of the MFSAA electronic process on the website NSLSC: Electronic MSFAA: Customer Experience MSFAA-Canada remains in effect, regardless of your entry into or the completion of an agreement amending the terms of payment or the full payment of your credit balance by you, subject to the CSFAA. If you are admitted for full-time financing for the first time, you must sign up for your Master Student Financial Assistance Agreements (MSFAAs/Loan Agreements) before funds can be issued.
There are two separate MSFAAs: Canada MSFAA and Alberta MSFAA. MSFAs are usually one-time agreements; However, you must sign new MSFAa if you have had a full-time interruption of studies for more than two years or if you have received funding from another province/region. Note: If you do not complete these forms, your funding will be blocked. They do not receive funding until they are processed. “Terms and Conditions,” the applicable sections of Parts A, B, C and D of this MSFAA-Canada and may be amended from time to time in accordance with this Agreement. There are separate loan agreements for Student Loans in Alberta and for Canadian student loans. You can also find instructions for submitting the agreements on the Alberta Student Aid website: to allow processing time, agreements must be concluded at least two weeks before the end of the study period.