Ontario Master Student Financial Assistance Agreement

If you have any questions about your financial support from your provincial government, please contact Registration Services and/or the appropriate provincial financial support website. If necessary, complete your full-time or part-time Master`s Scholarship (MSFAA) contract. The Master Student Financial Assistance Agreement (MSFAA) is a lifetime student loan agreement, so it only needs to be completed once for full-time or part-time studies. The University of Toronto will ensure that unmet needs are met for students who are deemed to be fully supported by OSAP and whose estimated needs are not fully met by government support. 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 state funds (grants and loans) for the school year: Here are the conditions of your MSFAA if you are a full-time student residing in: This document replaces previous federal and provincial loan agreements and describes all the conditions for accepting and repaying provincial and federal funds. 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. Students who are Canadian citizens or permanent residents may be eligible for financial assistance from their provincial government.

Applications for the fall semester are usually available in late May or early June. It is recommended that you apply for student loans at least 10 weeks before the start of the new academic year. Please note that you can only hold student loans from one province at a time. University of Toronto Student Advance Planning (UTAPS) is a financial assistance program for full-time students who are Canadian citizens, permanent residents or protected persons (Convention recognized refugees) and who are eligible for needs-based government student assistance or funding from a First Nations band. 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. 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 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. The University of Toronto`s Work-Study program offers eligible students the opportunity to be employed part-time on campus during the fall and winter semesters. The program is open to all full-time and part-time students (at least 2.0 credits during the fall/winter semesters). The Student Financial Assistance Framework Agreement (MSFAA) replaces previous loan agreements at the federal and state levels. 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 describes your responsibilities and the conditions for accepting and repaying your student loans. If you are a full-time student receiving OSAP, your loan is automatically interest-free for your period of study once the university confirms your enrollment. After registration, you will be redirected to the NSLSC website, where you can complete the MSFAA as follows: You will have two options to confirm your identity and register your account with the 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. OSAP works with the National Student Loans Service Centre (NSLSC). You are responsible for managing OSAP loans, including processing your MSFAA. When you choose a loan, your OSAP loans will not bear interest in certain situations. Once you have been assessed by OSAP and approved for funding, the NSLSC 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 sign-up process….