The Student Service Centre will process your application once all documents and forms are received. Your assessment results will be electronically posted to your portal account in the Message Centre. You will be advised by email when the information has been posted. Make sure you keep your email address up to date and that you review the emails you receive with subject “Important Student Loan Information”.
New! Your assessment results will be electronically posted to your portal account in the Message Centre. You will no longer receive this information in the mail.
Documents you will receive
If your application is approved, the following documents will be posted on your portal account:
1. Notice of Assessment
The notice of assessment letter will tell you:
- The type of funding that has been approved (loan and/or grant);
- The amount of money you will receive; and
- When you will receive your money.
2. Master Student Financial Assistance Agreement (MSFAA)
The Master Student Financial Assistance Agreement (MSFAA) is a legal document that outlines the terms and conditions of your provincial and federal student loans. This document will need to be printed, signed, and sent to the National Student Loans Service Centre (NSLSC) before you receive any money. It is important you review the agreement before signing as this a legally binding contract requiring you to repay your student loans.
The MSFAA is a multi-year agreement and requires a one-time signature. You won’t have to sign a new agreement every time you receive money. If you are having trouble printing your MSFAA, please contact the Student Service Centre. The document can be mailed to you.
Once you have signed your MSFAA, you need to take it to a designated Canada Post outlet where they will confirm your identification and forward your MSFAA to the NSLSC.
You need to bring the following personal documentation with you:
- Your social insurance card/letter, or a copy of an official Government of Canada document that includes your social insurance number, such as your Canada Revenue Agency Notice of Tax Assessment;
- Official government-issued photo identification, such as a driver’s licence or passport; and
- A void personal cheque with your bank account number. If you do not have a personal cheque, your bank or credit union can help you complete the electronic funds transfer section of your MSFAA.
You will not receive your student loan money if you do not send in the MSFAA. Please follow the steps above as soon as you receive this form to prevent delays.
Confirming your enrolment
When your MSFAA has been received by the NSLSC and before your money can be released, your school must confirm you are enrolled in an eligible, full-time post-secondary program for the entire study period.
If you attend a school that offers electronic confirmation of enrolment, your school will automatically confirm your full-time enrolment with the NSLSC.
If you attend a school that does not have electronic confirmation of enrolment, a confirmation of enrolment form will be sent by mail. If your school is in Canada, the form is mailed to the school; if outside Canada, the form is mailed to you. You must take it to your school for them to complete and send to the NSLSC.
Your school may instruct the NSLSC to send all or part of your money directly to it to pay your tuition and mandatory fees.
When you should receive your money
After your MSFAA has been processed and your enrolment confirmed, your funds will be either deposited electronically into your bank account or forwarded to your school. The deposit usually occurs within seven to ten business days after enrolment is confirmed. Your assessment letter outlines the dates your money will be transferred.
The Saskatchewan portion of your Canada-Saskatchewan Integrated Student Loan will be paid in monthly instalments throughout your study period. You will not receive a monthly payment in your last month if your program ends before the 15th of the month. Take this into account when planning your budget.