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7/8/2008
The Illinois Student Assistance Commission (ISAC) plans to release 2007-08 claims, as outlined below.
Held Timely IIA Program Claims - Processed July 8th
As was announced in April, all claims submitted on or after April 14, 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 April 14th will be processed the evening of Tuesday, July 8, 2008.
Records that will be included in the July 8th payment run are currently in an "Exported" status (Status Flag = "E") in MAPnet. Payment results for these records will be available in MAPnet on Wednesday, July 9, 2008.
MAP Late Claims - Processed July 11th
Late claims (payment requests received after the applicable priority claim deadline) received at ISAC for the 2007-08 Monetary Award Program (MAP) will be released for payment according to the following schedule:
- On Friday (July 11, 2008), late claims received on or before June 23, 2008 will be processed. Payment results will be available in MAPnet on Monday,
July 14, 2008.
- On Monday (July 14th), ISAC staff will evaluate the amount of funds that remain available after the completion of Friday's processing, and then determine if additional late claims can be released. If so, a separate e-Message would be sent notifying schools of the date through which 2007-08 MAP late claims were processed.
MAP records held as late claims are identified in MAPnet with a Reject Reason Code of "Y." Results for late payment requests that are processed will be available via MAPnet as outlined above. Payment results will appear on MAPnet's Payment Results reports, Student List Payment screen and the Payment Detail screens for MAP.
Claims received after July 1, 2008 will not be paid since July 1st was the final date by which claims were to have been received at ISAC for 2007-08 payment processing.
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