Your award letter will tell you what loans and grants you qualify for. When you get your award letter, two things must happen before you can get your money:
- You must complete your student aid agreement(s)
- Your school must confirm your registration
Complete your student aid agreements
Student aid agreements are legal agreements between you and the loan provider. They are also called Master Student Financial Assistance Agreements (MSFAAs).
There are separate agreements for Alberta and Canada loans. Full-time students may have two student aid agreements if they have both an Alberta and a Canada loan. Part-time students can only get a Canada loan, so they’ll only have one agreement.
You must complete agreement(s) if:
- this is your first time getting student aid,
- you’ve had a two-year break or longer since last being in school, or
- you have previous student aid from another province
When you sign your agreement(s), you are agreeing to:
- terms about how you will use the money
- your repayment obligations
- calculations for monthly repayment
Alberta Student Aid Agreement
If you’re a full-time student, you may have an Alberta loan. You complete your Alberta Student Aid agreement in your Student Aid account after you’re approved.
You must agree to the terms and conditions and provide your bank account information.
Review the current terms and conditions of the Alberta Student Aid Agreement for full-time students.
Canada Master Student Financial Assistance Agreement (MSFAA)
Both full-time and part-time students can get Canada loans. You'll get instructions on how to complete your Canada student aid agreement in your Student Aid account after you’re approved.
You must create a National Student Loans Service Centre account to receive your Canada loans and/or grants.
Confirm your registration
You can’t get your money until your school confirms your program, costs and period of study start and end dates.
Student Aid will contact your school for this confirmation. Most schools confirm your registration automatically.
If your school doesn’t confirm your registration automatically, Student Aid will contact you with further instruction about how to confirm your registration manually.