VOL. 26, NO. 3L
September 2008
Welcome to the September 2008 ISAC Update for lenders and servicers, which is a compilation of e-Messages sent through College Zone’s e-Messaging service throughout September. This e-Messaging service has replaced ISAC's use of printed newsletters and special e-mail lists as our primary means of communicating information to you.
The articles in this Update have been organized according to the Lender Zone subscription groups to which the messages were distributed via College Zone’s e-Messaging service.
Questions?
Questions regarding information in this ISAC Update can be directed to Lender Services by sending an e-mail message to lenderservices@isac.org or calling 800.477.4411 and speaking with one of the following staff members:
- Sharon Bankston, extension 2826
- David Barinholtz, extension 2822
- Denise Cannon, extension 2823
On occasion, you may be directed to a specific contact person or area; when this occurs, we will provide the appropriate information in the individual article or message.
MULTIPLE SUBSCRIPTION GROUPS
Commission Meeting Summary - MAP & IIA Priority Payment Claim Deadline Dates Approved
Sent to Marketing News, Announcements and Operational Updates, Announcements on September 22, 2008
The following are highlights from the September 19th regular meeting of the Illinois Student Assistance Commission (ISAC).
FY2009 MAP and IIA Priority Payment Claim Deadline Dates Approved (Agenda Item 5)
The fiscal year (FY) 2009 priority payment claim deadline dates for the Monetary Award Program (MAP) and the Silas Purnell Illinois Incentive for Access (IIA) Program were approved as follows:
| January 10, 2009 |
- 1st semester or quarter |
| April 1, 2009 |
- 2nd semester or quarter |
| June 1, 2009 |
- 2nd semester starting after
February 15, 2009 |
| June 1, 2009 |
- 3rd quarter |
Other Commission Meeting Agenda Items
Additionally, the Commission approved the following items as part of the agenda:
- a contract for the servicing of ISAC's Federal Family Education Loan Program (FFELP) loan portfolio;
- the issuance of Taxable Student Loan Revenue Bonds (Series 2008); and
- several agenda items related to the
College Illinois!(SM) Prepaid Tuition Program. A listing of all agenda items discussed during the meeting is provided in the September 19th Agenda Book, which can be accessed from the ISAC's Governing Board: The Commission page at collegezone.com.
Next Meeting
The next regularly scheduled Commission meeting is set for Friday, November 21, 2008, at National-Louis University in Chicago.
Commission Meeting to be Held Friday, September 19, 2008
Sent to Marketing News, Announcements and Operational Updates, Announcements on September 15, 2008
The next regular meeting of the Illinois Student Assistance Commission is scheduled for 10 a.m. on Friday, September 19th at Liberty Middle School in Edwardsville.
The tentative agenda for the meeting includes:
- FY2009 Monetary Award Program (MAP) and Silas Purnell Illinois Incentive for Access (IIA) Program Status Report and Approval of Payment Claim Deadline Dates
- Federal Family Education Loan Program (FFELP) Loan Portfolio Servicing Contract
- College Illinois!SM Prepaid Tuition Program
Results for items requiring action from the Commission will be available following the meeting via the 2008 Agenda Books page, which is located within the ISAC's Governing Board: The Commission section of the e-Library at collegezone.com.
There are no plans for a conference call briefing following this meeting.
Return to Top
MARKETING NEWS, ANNOUNCEMENTS
Get Involved - CAP Committee Seeking Hosts and Volunteers
Sent on September 30, 2008 The College Awareness and Preparation (CAP) committee invites you to help us provide college-bound students and their parents with information regarding college access, admission, and financial aid application procedures. CAP is specifically looking for site coordinators for FAFSA Workshops and volunteers to help students complete the 2009-2010 Free Application for Federal Student Aid (FAFSA) and get ready for the next school year.
Here's how you can get involved:
- Host a FAFSA Workshop in your community
CAP is requesting that those who are interested in hosting a workshop at their facility serve as a "Site Coordinator" and complete an Event Registration Form. These workshops are devoted to providing a location for students and parents who are seeking professional assistance to complete the FAFSA using FAFSA on the Web. For maximum assistance with your college access event, please return the Event Registration Form no later than
November 15, 2008.
We are committed to providing each site coordinator with the guidance and supplies necessary to help make your workshop a success. There will be three site coordinator training sessions to accommodate different areas of the state.
November 19th at John A. Logan College
November 20th at Loyola University – Chicago
December 3rd at Carl Sandburg College
During these sessions, site coordinators will meet with CAP Committee members to discuss organizing, marketing and evaluating their events. Please register for one of these training sessions on the Event Registration Form.
- Volunteer to help at a FAFSA Workshop
There are various challenges at each site that require volunteers from both the counseling and financial aid professions. It is not necessary to be a financial aid or FAFSA expert to help families at a FAFSA completion workshop. Please consider volunteering your time to assist the site coordinator at a location in your area. The Volunteer Form will be accepted through the month of February.
Return to Top
OPERATIONAL UPDATES, ANNOUNCEMENTS
CAM Processing Suspended October 2nd & 3rd
Sent on September 29, 2008
As a result of required system maintenance, Common Account Maintenance (CAM) files received by ISAC on Thursday and Friday, October 2nd and 3rd will be held for processing. No CAM Confirmation or CAM Return files will be created or transmitted on those days. Instead, ISAC will process the held files in the overnight cycle of Monday, October 6th. CAM Confirmation and CAM Return files will be transmitted to lenders/servicers on Tuesday, <BR>October 7th.
Return to Top
ISAC UPDATE
Electronic ISAC Update for August 2008 Available at College Zone
Sent on September 2, 2008
The August 2008 edition of the ISAC Update is now available for your review within the ISAC Publications section of College Zone's e-Library. This version of the monthly electronic ISAC Update is a compilation of e-Messages sent to lenders and servicers in August via College Zone's e-Messaging service.
Topics covered in the August 2008 ISAC Update include:
- Mark Your Calendar for Upcoming Important Dates
(sent August 8, 2008)
- Electronic ISAC Update for July 2008 Available at College Zone
(sent August 1, 2008)
Return to Top
|
