After You Apply

Track Your Portals

After you apply the most important thing you can do is keep an eye on your application portals. For Alberta borrowers, this will be the Alberta Student Aid portal (see ‘Create Your Student Loan Accounts’ section). If there are issues with your student loan or any outstanding documents that need to be completed, you will be notified digitally through your loan portal. 

Master Student Financial Aid Agreement (MSFAA)

If it is your first time applying for a full-time student loan, most provincial / territorial student loan programs will require that you complete MSFAAs. 

For Alberta student loan borrowers, you will need to complete an Alberta MSFAA (also called the Alberta Student Aid Agreement) if you are receiving Alberta funding and a Canada MSFAA if you are receiving Canada funding. You will receive an email when the MSFAAs are available in your Alberta Student Aid inbox, along with instructions on how to complete them. Your loan will not be disbursed until you have completed these documents.

Disbursement of Funds

In most cases, you will receive your funds approximately 10 business days after your MSFAAs have been processed. You can find more information about when your funding will be disbursed on your Notice of Award letter in your Alberta Student Aid inbox. Please note, the dates in this letter are an estimate only so you may not receive your funding on that exact date. 

Typically, half of your loan amount will be disbursed in the fall term (first few weeks of September) and the other half in the winter term (first few weeks of January).

Your funds may first be applied to your tuition and fees, with any remaining funds deposited into your bank account. Student loan and grant funding sent to the University of Alberta will only be used towards tuition and fees and never to automatically pay your book costs, residence, library, or other fees. If your loans do not fully cover your tuition and fees, you are responsible for paying the remaining balance. Keep an eye on your tuition account in Bear Tracks and your personal bank account for the funds to arrive. 

Adjusting Your Registration Status

Dropping from full-time to part-time studies may have a significant impact on your student loan funding, depending on your province of residency and time of year.

If you are considering dropping classes, we recommend you contact the Student Service Centre to understand the impact this will have on your student loan. If you are in need of additional support to help make this decision, please visit the Dean of Students webpage for information on available campus resources.