Master Student Financial Assistance Agreement

The Master Student Financial Assistance Agreement (MSFAA) outlines the terms of accepting and repaying your student loans. It replaces past federal and provincial loan agreements. You only have to sign this multi-year agreement once as it covers present and future student loans.

You will only have to re-sign a new MSFAA if you apply for financial assistance after:

  • taking a 2-year break from school, or
  • permanently moving to another province/territory

Your MSFAA will not show grant or loan amounts. You will receive a Notice of Assessment from your province or territory that tells you how much student aid you will receive.

Review the terms and conditions of your MSFAA on the National Student Loans Service Centre (NSLSC) website.

Borrowers from the following provinces and territory need to check with their province or territory. They are administering their own student aid programs.

  • Nunavut
  • Northwest Territories
  • Quebec
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