 Welcome to the Lender Zone
At your fingertips, Lenders, Servicers, Guarantors, Secondary Markets and all other lending institution personnel will have access to a centralized source of marketing information and operational guidance concerning ISAC's programs, processes, and resources.
Lender Message Board
The Lender Message Board is updated each week. New messages for the week are identified by the  symbol. Items under the More section, located toward the bottom of the page, provide links to information on topics that were recently listed on this Message Board.
ISAC has available - in various locations throughout the College Zone Web site - two brochures created by the National Council of Higher Education Loan Programs, Inc. (NCHELP) which discuss private/alternative student loans. The brochures, A Guide to Responsible Borrowing and Understanding the Cost of Borrowing, can be printed, duplicated and distributed to families considering borrowing options for college.
In observance of Martin Luther King, Jr. Day, ISAC offices will be closed on Monday, January 19th, reopening on Tuesday, January 20th. Access collegezone.com anytime, or send an e-mail message to a Lender Services Representative for questions or inquiries.
Remind your customers, who may be seeking ways to finance higher education, that they should beware of scams (including attempts at identity theft or fraud). Information about financial aid scams is available at the Federal Trade Commission's Scholarship Scams Web site. Suspected identity theft or fraud can be reported by calling the federal Office of Inspector General hotline at 800.MISUSED (647.8733). A MISUSED Web resource is also available.
The U.S. Department of Education (ED) has released Dear Colleague Letter (DCL) GEN 08-12/FP 08-10, containing a summary of the provisions of the Higher Education Opportunity Act (HEOA). The DCL encourages using the summary in conjunction with the text of the law itself, when implementing the HEOA, which was enacted on August 14, 2008. Regulations necessary to implement certain provisions of the HEOA will be issued through the Negotiated Rulemaking process, tentatively scheduled to take place during sessions held February through
April, 2009.
Mapping Your Future, a public service nonprofit organization offering free services to families preparing for college, has issued a Press Release highlighting how they are helping students, families and schools during tough economic times. Among Mapping Your Future's services are college planning, career selection, financial aid and money management. ISAC is a Mapping Your Future Sponsor.
Let your student loan borrowers know that the 2009-10 Free Application for Federal Student Aid (FAFSA) cycle, including FAFSA on the Web and Corrections on the Web, began on January 1, 2009. The Central Processing System (CPS) has begun processing 2009-10 FAFSA data. Details regarding the application cycle are provided within the 2009-10 FAFSA Completion section of the e-Library.
Check out the College Awareness & Preparation (CAP) page for information regarding resources that are available to help students complete the financial aid process. Several events, including FAFSA completion seminars, will take place across the State of Illinois through March. Encourage your customers to attend the event that best fits their schedule.
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FAFSA Completion Information
Most Recent ISAC Update:
December 2008
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