Congratulations on receiving an award! These funds can help you achieve your goals by assisting you in financing your post-secondary studies.
If you are a successful award recipient, you will be notified via an e-letter in your MyNAIT portal. Please refer to this award e-letter for important information, including deadlines and any eligibility requirements (eg. full-time course load).
Accepting your award
As noted in your award e-letter, you must complete the Accept your Award Offer task in your MyNAIT portal. Make sure you complete these steps before the deadline or your award could be cancelled and offered to another deserving student.
- Log in to your MyNAIT portal, and select Tasks
- Select your Accept your Award Offer
- Read and follow the task instructions and prompts, including reviewing award terms and eligibility.
- Verify your address. This is required to ensure the award funds go to the correct recipient.
- Enter your Social Insurance Number (SIN). This is a requirement by the Canada Revenue Agency (CRA) for tax purposes.
If you are an international student and aren’t eligible for a SIN, you can enter an Individual Tax Number (ITN). Learn how to apply for an ITN.
Tax recipient: T4A slip
If you receive an award from NAIT, you will receive a T4A slip to include on your next tax return. It provides the amount of funds a student has received in scholarships, bursaries and awards from January to December of any given year.
For more information, please reference the following:
After accepting your award, the award amount will either be:
- Applied directly to your outstanding tuition and fees; or
- If there is no balance remaining on your financial account in MyNAIT or if there are funds remaining, then the award amount will be sent to you via Interac e-transfer (domestic students) or bank transfer (international students) to your preferred email. This process is supported by PayMyTuition.
Not sure what your preferred email address is? It’s the email listed on your profile on MyNAIT.
Award payment through PayMyTuition
You will receive your award funds by e-transfer (domestic students) or bank transfer (international students), if there is no balance on your financial account. Simply follow these steps:
Domestic students: Accepting your e-Transfer and finding your passcode
Accepting your e-transfer
Once you have accepted your award payment, you will first receive an initial email from NAIT. Within the next 2 to 6 business days you can expect these emails:
1. PayMyTuition (email@example.com) will email you to inform you that your Interac e-Transfer email will be issued within the next 24 to 48 hours.
2. You will then receive an Interac e-Transfer email instructing you to log into your MyNAIT portal to retrieve your one-time passcode, which will allow you to securely access and collect your payment.
Important: Please complete the e-Transfer process within these 30 days, after which it will expire. If you do not retrieve your passcode and collect your funds prior to the expiration date, your award payment will be automatically cancelled and the funds awarded to another student.
Finding your passcode in MyNAIT
Follow these steps to find your one-time passcode in MyNAIT:
1. Log into your MyNAIT portal.
2. Select the Open Self Service button.
3. Select the E-transfer Passcode tile to locate your one-time passcode. The Interac e-Transfer email will instruct you on where to input the passcode.
4. Return to the Interac e-Transfer email communication to select the Deposit your Money button.
5. After inputting your one-time passcode, you will be redirected to the following page to select your Canadian financial institution.
Note: Once you receive the Interac e-Transfer email communication, you may choose to deposit the funds into someone else’s bank account if you have access to their online banking. The Interac e-Transfer email containing the Deposit your Money button can only be sent to the preferred email on your student account; however, you may enter someone else’s online banking login details to claim the deposit.
There is a $10,000 limit on domestic e-Transfer refunds. Any refunds above that amount will be split up into multiple payment transfers.
International students: Collecting your award payment
Collecting your award payment
Once you have accepted your award, you receive an email from NAIT noting that the award payment process has started. The following will happen next:
1. Within 2 to 6 business days, you will receive an email from PayMyTuition (firstname.lastname@example.org). This email will provide further instructions on how to complete your award payment (known as a refund, in this case).
2. You may choose to deposit the funds into someone else’s bank account. When you are directed to the PayMyTuition refund form, you will have the option within the Beneficiary Information tab to select someone else as the recipient and input their bank information.
a. Enter beneficiary details: Complete the online refund beneficiary instruction form, which requires currency, identification documentation (either passport or driver’s license), banking and beneficiary information.
b. Complete verification: Upon receipt of your completed beneficiary instructions, PayMyTuition will verify your request for accuracy. They will complete fraud and compliance checks to comply with various anti-money laundering and compliance laws.
c. Payment confirmation: PayMyTuition will send you a confirmation email once your beneficiary information has been verified and approved. You will receive a PDF summary that is password protected. This PDF can be accessed using the bank account number that you provided in Step 2 a. as the password.
d. Refund processed: Once your refund has been processed, you will receive a notification that your refund (award payment) is complete. Please allow 3 to 5 business days for the payment to be deposited to your account.
Thank your award donor
We encourage you to take a moment to thank the donor who provided the funds for your award. Whether you send a thank you letter or card, a message of thanks not only shows your appreciation but also lets donors know the difference their award has made to you and your education.
If you need assistance sending your thanks, visit the Student Service Center for a card. Otherwise, you can send a message directly to your donor as their address will be listed in your award recipient e-letter.
Tips for writing a donor thank you letter
When writing your thank you letter, remember to:
- Introduce yourself and mention which award you received.
- Say thank you at the beginning and end of your letter.
- Tell the donor a little about yourself and your future goals for your program.
- Explain how this award impacts your education.