The Master Student Financial Assistance Agreement (MSFAA) replaces previous federal and provincial loan agreements. Since it is a multi-year agreement, it is more efficient and easier to use. For instance, you will not need to sign a new agreement the next time you apply for student financial assistance (unless you take a two-year break in study or establish residency in another province/territory).
The MSFAA outlines your responsibilities and the terms and conditions of accepting and repaying your student loans.
Your MSFAA will not show you how much you are getting in federal and provincial loans or grants. You will receive a separate Notice of Assessment from your province or territory that tells you how much student financial assistance you will receive.
New Electronic Identity Verification and Master Student Financial Assistance Agreement (MSFAA) Process
Loans for applicants requiring an MSFAA
Effective April 3, 2018, in order to receive student loan/grant funding, new applicants requiring a Master Student Financial Assistance Agreement (MSFAA) will be required to follow a two-step online process. The MSFAA is a legal agreement between you, your province/territory and the Canada Student Loans Program about borrowing and repaying your provincial/territorial and federal student loans.
The first step to registering your account with the NSLSC is to confirm your identity via GCKey or Sign-In Partner. You will also be required to input your 10-digit MSFAA number as part of the identity verification process.
SecureKey Sign-In Partners are private sector companies and organizations that have partnered with SecureKey Technologies to enable their customers to use their online credentials (e.g. card numbers or usernames and passwords) to access Government of Canada services.
GCKey is a Government of Canada service that issues credentials (username and password) that are used to access (log in to) federal government services online. The GCKey service can be used by clients who do not have, or choose not to use, a credential they may already have with one of the Sign-In Partners.
Next, you will be asked to complete their MSFAA. This step includes:
- Confirming personal and contact information
- Completing communication preferences
- Entering banking information
- Accepting the terms and conditions
A new MSFAA will be issued to applicants if the applicant is:
- A first-time loan or grant recipient enrolled in full-time studies
- An existing loan or grant recipient who has experienced a break in studies of more than two years
- An existing loan or grant recipient who has established residency in another province/territory
How will I receive my MSFAA number?
You will be provided with your MSFAA number 2-3 business days after you submit your OSAP application.
NOTE: Within two to three business days of receiving this Notice of Assessment that includes your 10-digit MSFAA number, you will receive a “Welcome Email” from the National Student Loans Service Centre (NSLSC). It will invite you to register for your online account with the NSLSC and complete your MSFAA.
You’ll receive a “Welcome Email” from firstname.lastname@example.org, with a subject line of “Register now to set up your online account”.
Use the URL in the “Welcome Email” to register an account with the NSLSC so you can complete your MSFAA online. You will need to copy and paste this URL into a new browser window to start the NSLSC registration process.
For more information, visit: https://csnpe-nslsc.cibletudes-canlearn.ca/eng/default.aspx