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VOL. 26, NO. 7L
January 2009
Welcome to the January 2009 ISAC Update for lenders and servicers, which is a compilation of e-Messages sent through College Zone’s e-Messaging service throughout January. 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 to be Held Friday, January 30, 2009
Sent to Marketing News, Announcements and Operational Updates, Announcements on January 26, 2009 The next regular meeting of the Illinois Student Assistance Commission (ISAC) is scheduled for 9 a.m. on Friday, January 30th at Benedictine University in Lisle.
The tentative agenda for the meeting includes:
- FY2010 Monetary Award Program (MAP) Start-up Formula
- Institutional Application to Participate in ISAC Gift Assistance Programs (American Academy of Art)
- Proposed Rules Amendments
- Adopted Rules Amendments (Internal Rules)
- Monetary Award Program (MAP) Recipients Study
- University of Illinois Guides Program Presentation
- Appointment of College Illinois!SM Investment Advisory Panel Members
- Revisions to College Illinois!SM Statement of Investment Policy
Details regarding the FY2010 MAP start-up formula (Agenda Item 7) and the proposed rules amendments (Agenda Item 11) are available via the ISAC's Governing Board: The Commission section of the e-Library at collegezone.com.
Results for items requiring action from the Commission will be available following the meeting via the 2009 Agenda Books page, which is located within the ISAC's Governing Board: The Commission section.
Mark Your Calendar for Upcoming Important Dates
Sent to Marketing News, Announcements and Operational Updates, Announcements on January 2, 2009 The Illinois Student Assistance Commission (ISAC) would like to make you aware of the following information, which may be of interest to your student loan borrowers.
College Awareness & Preparation (CAP) Resources Available for 2009-10 FAFSA Cycle
Let students and their families know that the 2009-10 Free Application for Federal Student Aid (FAFSA) cycle, including FAFSA on the Web and Corrections on the Web, opened on January 1, 2009. Details regarding the 2009-10 application cycle are provided within the Applying for Financial Aid section of the e-Library.
Check out the College Awareness & Preparation (CAP) page at collegezone.com 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 from now through March. Encourage your student loan borrowers to attend the event that best fits their schedule.
CAP is a comprehensive effort of the Illinois Association of Student Financial Aid Administrators (ILASFAA), Inc., the Illinois Association for College Admission Counseling (IACAC) and ISAC. Formerly known as Financial Aid Admission/Awareness Month (FAAM), CAP strives to fulfill its mission through a series of workshops, seminars and statewide support with partners from all sectors of education in the State of Illinois.
January 30th: Commission Meeting
The next regularly scheduled meeting of the Illinois Student Assistance Commission will take place on Friday, January 30, 2009, at Benedictine University in Lisle. A listing of tentative agenda items will be available prior to the meeting via the ISAC's Governing Board: The Commission section of the e-Library. Information can also be accessed by selecting the link that appears beneath the "Resource Center" heading at the College Zone home page.
Holiday Schedules
January 19th: Martin Luther King, Jr. Day
February 16th: Presidents' Day
In observance of the Martin Luther King, Jr. Day and Presidents' Day holidays, ISAC offices will be closed on Monday, January 19th and on Monday, February 16th, respectively. Our offices will reopen on the Tuesday following each holiday.
Loan records received at ISAC on the holidays, as well as disbursement records received at the National Disbursement Network (NDN), will be processed the following business day. This means that, for each holiday that falls on a Monday, CommonLine or Common Account Maintenance (CAM) files will be processed on the following Tuesday, with results available on Wednesday (or the next available day for any schools opting to receive NDN files on specific days of the week). Note that ELM Resources will continue to process and transmit files on the holidays.
For Assistance
Remember that you can access collegezone.com anytime, or send an e-mail message to ISAC's Lender Services Department. With the exception of holidays, ISAC staff will review and respond to messages during regular business hours (Monday through Friday, 8:30 a.m. - 5 p.m. CT).
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ISAC UPDATE
Electronic ISAC Update for December 2008 Available at College Zone
Sent on January 2, 2009 The December 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 December via College Zone's e-Messaging service.
Topics covered in the December 2008 ISAC Update include:
- Happy Holidays from ISAC
(sent December 17, 2008)
- Electronic ISAC Update for November 2008 Available at College Zone
(sent December 1, 2008)
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