Once your confirmation of the registration form has been processed, your student loan and/or scholarship can be unlocked. After your MSFAA is processed and your registration is confirmed, your money is either deposited electronically into the bank account you indicate or transferred to your school. The down payment is usually made within seven business days of the confirmation of the filing date. MSFAA describes your responsibilities and the conditions for accepting and repaying your student loans. If you attend a public post-secondary B.C or other school that offers electronic confirmation of enrolment, your school automatically confirms your full-time enrolment with StudentAid BC. If you go to a school that does not access an e-registration confirmation and have indicated a valid email address, you will receive an email inviting you to access your account on the dashboard of the StudentAid BC website to download a copy of your registration confirmation form about a month before you are eligible to get the student loan money. After your MSFAA has been processed by the NSLSC and before your student loan and/or scholarship can be released, your school must confirm that you are participating in a full-time post-secondary program eligible for the entire study period for which you have received funding. Here are the terms and conditions of your MSFAA if you are a full-time student residing in: If you lose your paper confirmation of the registration form, download an additional copy of your account on the de StudentAid BC website dashboard. If you do not have an online account and have lost your written confirmation of the registration form, please call StudentAid BC. SecureKey registration partners are groups such as banks and credit unions that have partnered with SecureKey Technologies to allow their customers to use their online registration information (for example. B, card numbers or usernames and passwords) to access administration services. Your bank details will not be passed on to the government via this service. See the list of participating banks.
If you receive more than one student loan during your application period (see your assessment notice), your school must confirm your registration each time before the money can be distributed to you. The Master Student Financial Assistance Agreement (MSFAA) replaces the old loan contracts of the Confederation and the provinces. Because it is a multi-year contract, it is more efficient and easier to use.