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Receiving Your Loans and Grants

Receiving a Student Loan

Once you have received your Notice of Assessment, your application has been assessed. You will receive a Master Student Financial Assistance Agreement (MSFAA )if you:

  • have been deemed eligible to receive a loan and/or grant, and
  • are a first-time applicant, or
  • have had a break in studies of more than two years.

This agreement must be reviewed, signed and sent to the National Student Loans Service Centre (NSLSC). Keep in mind that the MSFAA is only required once and is valid for the duration of your studies (as long as you do not have a break in studies of more than two years).

Note: The Terms and Conditions of the MSFAA have been updated for the 2014-15 academic year. Please visit CanLearn opens in new window for details.

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Receiving your Student Aid Funding

If you have been assessed and deemed eligible to receive a loan and/or grant (i.e., Canada Student Loan, Canada Student Grant, NL Student Loan and NL Student Grant) the step-by-step process for receiving your student financial assistance has been outlined below:

Step 1: A current MSFAA must be on file at the National Student Loan Service Centre. Your MSFAA will remain current unless you have had a break in studies of more than two years.

For first-time borrowers (or those having a break in studies of more than two years), will be sent a MSFAA. This agreement must be signed and sent to NSLSC.

Completing and Submitting the MSFAA:

  • Review all information on the document
  • Complete the required sections
  • Take your MSFAA to a designated Canada Post outlet. You will also need to bring:
    1. Social Insurance Number documentation or a copy of your Canada Revenue Agency Notice of Tax Assessment;
    2. Official government issued photo identification; and
    3. A void cheque or have your bank/credit union complete the Electronic Funds Transfer section of the MSFAA.


    4. Note: See Acceptable Identification below.

Step 2: Once your MSFAA is on file at NSLSC, your educational institution must confirm your enrolment.

Note: If you are attending an educational institution outside of Canada, a Confirmation of Enrolment Form will be sent directly to you, which must be completed by your educational institution and returned to the Student Financial Services Division.

Step 3: Once full-time enrolment has been confirmed (no earlier than the first day of classes), your financial assistance will be deposited to your bank account. If you do not have a bank account, a cheque made payable to you will be mailed to the address you provide. All or part of your financial assistance may be sent to your educational institution to pay fees owing. You will receive a letter from the NSLSC advising you of the amount of your disbursement that has been issued to you and/or your educational institution. You can also visit the NSLSC website at www.CanLearn.ca opens in new window for further information.

Note: The disbursement to you and/or your educational institution may NOT occur simultaneously due to a difference between the federal and provincial deposit dates.

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Receiving Funding After Your Semester Start Date

If your application is assessed prior to the start date of your semester, your first semester funding will be issued based on your estimated pre-study income. However, in order to receive any additional funding, either for the current or subsequent semester, you must confirm your pre-study income using the Income Confirmation Form (ICF) within eight weeks of the start date of your first semester.

Important note: Confirming your income is a critical part of the application process. The Income Confirmation Form verifies your actual pre-study income; if this differs from the amount you estimated on your application, it may impact the available funding for subsequent semesters.

If your application has not been assessed by the start date of your first semester, your Income Confirmation Form will be required in order to have your application processed.

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Receiving Grant for Services and Equipment for Students with Permanent Disabilities

If you are eligible for the Grant for Services and Equipment for Students with Permanent Disabilities, a cheque will be issued in your name and will be sent to your educational institution. The educational institution will confirm your enrolment as a full-time student before the cheque is released to you.

Please note: If you are attending an educational institution outside of Canada, the educational institution must confirm your full-time enrolment using the Confirmation of Enrolment Form. Once the Student Financial Services Division receives this information, a grant cheque made payable to you will be issued and sent to the address in Canada that you provided on your application.

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Acceptable Identification:

  • Photo ID: You must present a valid photo identification that was issued in Canada by either the federal, provincial or territorial government. Examples include:
    • a valid driver’s license;
    • a passport;
    • a provincial health card with a photo; or
    • a permanent residency or citizenship card.
  • Proof of SIN: To prove that the Social Insurance Number (SIN) on your loan or grant document is yours, you must also present your SIN on an official Government of Canada. Examples of such documents include:
    • Social Insurance Card;
    • Canada Revenue Agency Notice of Assessment;
    • Canada Pension Plan Statement of Contributions; or
    • A confirmation of your Social Insurance Number from Service Canada.

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