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4/11/2008
As was announced in a March 7th e-Message, all claims submitted on or after March 5, 2008 for the 2007-08 Silas Purnell Illinois Incentive for Access (IIA) Program have been held and not processed for payment, in order to allow ISAC staff to analyze payment claim data. At that time, schools were asked to complete a full reconciliation of IIA Program disbursements and report all cancellations.
Based on our analysis, and thanks to the reconciliation efforts of our school partners, all timely 2007-08 IIA Program payment claims that have been held since March 5th will be processed the evening of Monday, April 14, 2008.
Records that will be included in the April 14th payment run are currently in an "Exported" status (Status Flag = "E") in MAPnet. Payment results for these records will be available in MAPnet on Tuesday, April 15, 2008.
After payment processing has completed on April 14th, further analysis will be required to determine when additional payment runs will take place for future timely 3rd term claims. ISAC will pay all timely 3rd term claims, however, positive IIA payment requests submitted on or after April 15th will be held until it is determined when timely claims will be processed. Cancellations to previously paid requests will continue to be processed on a daily basis.
Please Continue to Reconcile 2007-08 IIA Program Records
Schools are again encouraged to complete a full reconciliation of IIA Program disbursements and report all cancellations as soon as possible by following the cancellation guidance provided in the Processes section of the FAA Zone at collegezone.com. ISAC will inform schools when it is time to return funds associated with the cancellations.
As new information becomes available regarding 2007-08 IIA Program payment processing, it will be shared following ISAC's established methods of communication (i.e., IIA Program News, FAA Zone Message Board and e-Messages).
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