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Important information will be sent to your Alberta Student Aid account inbox for one of the following:
- An award letter indicating how much loan and/or grant money you’ll receive and when you will receive it, or
- a request for missing information from your original application, or
- a rejection letter, or
- how to process your Student Aid agreements. You will find these about 3-5 days after your loan application has been approved.
Be sure to set up text or email notifications to make sure you don’t miss any important information.
TIP: If you feel that you have not been assessed for enough funds or that your application contains an error, you can submit a Request for Review. Contact us if you need help with the Request for Review process.
Complete your loan agreement(s)
Student aid agreements are legal agreements between you and the loan provider. They are also called Master Student Financial Assistance Agreements (MSFAAs). There are separate agreements for Alberta and Canada loans.
These one-time legal agreements cover the entire time you are a full-time student. If you received funding in a previous year or semester, you do not have to complete this process again.
You must complete agreement(s) if:
- this is your first time getting student aid,
- you’ve had a two-year break or longer since last being in school, or
- you have previous student aid from another province.
To ensure that Mount Royal receives the amount of tuition requested, and you receive your funds, you need to complete your loan agreements. This is only if you are a first-time borrower as your signed agreements will carry over to future funding applications.
FACT: Dropping or withdrawing from course(s), or changing your status from full-time to part-time, will impact your future funding eligibility. If you have applied for funding for the fall and winter semesters combined and drop/withdraw to part-time status before the end of the fall semester, your future disbursements will be cancelled and you will have to reapply for funding for the winter semester.Getting your money
The earliest you will receive your funds is usually a week before your classes start.
Student Aid may pay tuition and mandatory fees directly to your school and deposit any remaining money into the bank account you provided. The remaining money may not be transferred to you all at once. Check your disbursement schedule in your award letter or log into your Student Aid account.
You will receive your funding and we will receive the tuition requested when:
- You have completed your loan agreements if you are a first-time borrower,
- Your school has confirmed your registration, and
- You are within the first week of your studies.
You can’t receive your money until your school confirms your registration, program and period of study start and end dates.
Student Aid will contact us when we can start confirming enrolment, usually at the beginning of the month before classes start. This will be done automatically.
Paying tuition with your student loan and fee deferrals
Fall semester
Once you're approved for funding, Alberta Student Aid will send us that information at the beginning of August. Your first fee payment deadline for the fall semester is mid-August — check the critical dates calendar for the exact deadline.
Student Aid will request tuition and mandatory fees, if owed, from your disbursement to go directly to your school and deposit any remaining money into the bank account you provided.
If you have made adjustments to your registration or the tuition requested is not enough to cover the balance owed, you must pay the remaining balance by the fee deadline.
If you have not yet received your funding by the first fee payment deadline and you've been approved, let us know before the fee payment deadline to be considered for a deferral. This means your tuition payment is postponed until a later date, and you will not be dropped from your courses. However, you must pay your fees in full by the final fee payment deadline, or you will be deregistered from all your classes.
You can check if the tuition has been deferred by logging into MyMRU>Register & Pay> Pay fees>Pay now. Select the term and look for “Expected Future Funds” under the type column. The amount displayed under the Payments Column for Government Student Loans, Scholarships & Bursaries will be the amount that your tuition is deferred. Learn more about how to read your account.
Winter, spring and summer semesters
These semesters have one payment deadline, but the confirmation process remains the same.
Student Aid will request tuition and mandatory fees, if owed, from your disbursement to go directly to your school and deposit any remaining money into the bank account you provided.
Once Mount Royal confirms your enrolment, you are responsible for paying fees for any added courses (e.g. waitlist or program adjustment). If any charges remain outstanding after the final fee payment deadline, you will be deregistered from all classes.