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Queen's University

Receiving Your Funding

Canada and Ontario have implemented a lifetime loan agreement that will cover you for all the time you are in full-time postsecondary studies; this lifetime loan agreement is called the “Master Student Financial Assistance Agreement”, or “MSFAA”.

With the MSFAA, you can print out your lifetime loan agreement anytime after you submit your online OSAP application, and submit the agreement and your identification to any participating Canada Post outlet in your area. This only needs to be done ONCE, and will be in place throughout your time as a full-time postsecondary student.

Once your completed application and MSFAA are submitted, funding will be deposited directly into your bank account once the Student Awards Office has confirmed your enrolment (beginning in September). Prior to the receipt of your second term funding, you must confirm your income on your online OSAP account.

Once your OSAP application is complete and all supporting documentation has been submitted your OSAP entitlement will be calculated. You will be notified of your OSAP funding entitlement through a Notice of Assessment.

Before any funding can be disbursed to you the following steps must be completed:

  • Submit your Master Student Financial Assistance Agreement (MSFAA) to a designated Canada Post outlet (if not done so previously).  Please click here for a Canada Post outlet location near you.
  • Submit all required OSAP supporting documents to the Student Awards Office
  • The Student Awards Office must confirm your enrolment (prior to each disbursement)
  • Confirm your income (prior to second disbursement)

It’s important that you keep your address and contact information up to date on both your account on the OSAP website, as well as with the National Student Loan Service Centre (NSLSC).  In addition, you must keep your bank account information up to date with the NSLSC.

Refer to the OSAP website for further information.


Kingston, Ontario, Canada. K7L 3N6. 613.533.2000