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VOL. 26, NO. 9L
March 2009
Welcome to the March 2009 ISAC Update for lenders and servicers, which is a compilation of e-Messages sent through College Zone’s e-Messaging service throughout March. 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, April 3, 2009
Sent to Marketing News, Announcements and Operational Updates, Announcements on March 27, 2009 The next regular meeting of the Illinois Student Assistance Commission (ISAC) is scheduled for 9 a.m. on Friday, April 3rd at Harper College in Palatine.
The tentative agenda for the meeting includes:
- Proposed Rules Amendments
- Monetary Award Program (MAP) 2+2 Pilot Program
- FY2010 MAP and Silas Purnell Illinois Incentive for Access (IIA) Application Volume Update and Request for Authority to Suspend
- Presentation by Golden Apple Scholars of Illinois
- Presentation by the University of Illinois at Chicago
- Issuance of ISAC Series 2009 A Bonds: Rehabilitation Loans Financing
- College Illinois!(SM) Prepaid Tuition Program
- Investment Performance Report
- Selection of Infrastructure Investment Managers
- Custodial Services and Securities Lending Agreement for the Trust Fund
- Appointment of Investment Advisory Panel Member
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 of the e-Library at collegezone.com.
There are no plans for a conference call briefing following this meeting.
Mark Your Calendar for Upcoming Important Dates
Sent to Marketing News, Announcements and Operational Updates, Announcements on March 18, 2009 The Illinois Student Assistance Commission (ISAC) would like to make you aware of the following information, which may be of interest to you and/or your student loan borrowers.
Upcoming Commission Meetings
The next regularly scheduled meetings of the Illinois Student Assistance Commission will take place as follows:
- Friday, April 3, 2009, at Harper College in Palatine
- Friday, June 26, 2009, at University of Illinois at Chicago
A listing of tentative agenda items will be available prior to each meeting via the ISAC's Governing Board: The Commission section of the e-Library. Dates and locations for all regularly-scheduled meetings in 2009 are available at the e-Library's Commission Meeting Schedule page. Agenda and meeting schedule information can also be accessed by selecting the link that appears beneath the "Resource Center" heading at the College Zone home page.
Holiday Schedules
May 25th: Memorial Day
July 3rd: Independence Day
In observance of the Memorial Day and Independence Day holidays, ISAC offices will be closed on Monday, May 25th and on Friday, July 3rd, respectively. Our offices will reopen on the first business day 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 holidays that fall 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). For holidays falling on a Friday, CommonLine or CAM files will be processed on the following Monday, with results available on Tuesday (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 (such as those indicated above), 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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MARKETING NEWS, ANNOUNCEMENTS
Money Smart Week Chicago: April 18-25, 2009 - Presentations Also Offered in Central Illinois
Sent to Marketing News, Announcements and Operational Updates, Announcements on March 30, 2009
NOTE: This page was revised after the original e-Message was sent to clients and partners on March 30th, in order to add information about the April 22nd "College Illinois!(SM) The Smart, Secure Way to Save for College" presentation.
Money Smart Week Chicago 2009 will occur April 18th – 25th in the greater Chicago metropolitan area. The Illinois Student Assistance Commission (ISAC) is partnering with The Federal Reserve Bank of Chicago for the fifth consecutive year to promote financial literacy through this week-long event, which is designed to help consumers learn to better manage their personal finances. This year, ISAC will be presenting in conjunction with the Chicago Public Library system, and also offering sessions in central Illinois.
In this current economic climate, it is crucial for students and parents to be aware of the full cost of college, as well as know what resources are available to help. Information regarding topics such as payment responsibilities, how to complete the Free Application for Federal Student Aid (FAFSA), the difference between grants and loans, and available scholarship and loan alternatives are vital to pursuing a college degree. During Money Smart Week, ISAC staff will be presenting sessions regarding these important topics. Pick the session from the following list that best fits your family's schedule, and plan to attend:
Date
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Time
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Location
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City
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April 18th
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2 p.m.
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Evanston Library
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Evanston
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(English)
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April 20th
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7 p.m.
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Brighton Park Library
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Chicago
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(Spanish & English)
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April 21st
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7 p.m.
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Trinity Catholic High School
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Bloomington
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(English)
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April 22nd
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7 p.m.
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Lincoln-Belmont Library
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Chicago
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(English)
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April 23rd
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10 a.m.
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Town & Country Bank
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Springfield
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(English)
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April 23rd
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1 p.m.
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Town & Country Bank
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Springfield
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(English)
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April 23rd
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4 p.m.
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Economic Awareness Council
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Chicago
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(English)
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April 23rd
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7 p.m.
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Clearing Library
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Chicago
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(Polish & English)
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April 25th
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4:30 p.m.
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Skokie Public Library
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Skokie
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(English)
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In addition to the events listed above, an education finance planning session entitled "College Illinois!(SM) The Smart, Secure Way to Save for College" will be presented from
12 - 1 p.m. on April 22nd at The Federal Reserve Bank of Chicago.
The official Money Smart Week calendar of events is available online at moneysmartweek.org.
- To search for financial education events in the Chicago metropolitan area by date or geographic location (neighborhood), click on "Chicago" and then choose "2009 Event Calendar" in the right margin of the page.
- To locate events in Illinois outside the Chicago area by date or geographic location, click on "Illinois" and then choose "2009 Events Calendar" in the right margin of the page.
In order to find events by topic, either in the Chicago metropolitan area or outside of Chicago, use the "Advanced Search" option provided with the event calendars.
Join ISAC in "Uniting Our Profession" at the ILASFAA Conference
Sent on March 16, 2009 We look forward to seeing you during the Illinois Association of Student Financial Aid Administrators (ILASFAA) 2009 annual conference, Uniting Our Profession, being held March 22nd through 24th at the Renaissance Schaumburg Hotel & Convention Center in Schaumburg. Please stop by and visit with us at our booth in the vendor area or at one of the sessions that ISAC staff will be presenting or co-presenting.
Sunday, March 22nd
- A Focus on the 2009-10 FAFSA Dependency Questions
2 - 2:45 p.m. in Schaumburg E
Presented by Kim Eck
- Introducing the Illinois Student Assistance Corps
3 - 3:45 p.m. in Schaumburg H
Presented by Eddie Brambila and Jacqueline Moreno Monday, March 23rd
- State Update
During breakfast/morning general session in Utopia Ballroom
Presented by Andy Davis, Chris Peterson, and Katharine Gricevich
- FFELP Panel
9:45 - 10:30 a.m. in Schaumburg G
Panel includes Sam Nelson
- An Overview of the Higher Education Opportunity Act (HEOA)
9:45 - 10:30 a.m. in Schaumburg H
Presented by Susan Fields
- ISAC Guide to Community Outreach
10:45 - 11:45 a.m. in Nirvana B
Presented by Jacqueline Moreno and moderated by Eddie Brambila Tuesday, March 24th
- Trends in College Affordability
8 - 8:45 a.m. in Schaumburg E
Presented by Ellen Greenan
- A Focus on the 2009-10 FAFSA Dependency Questions
8:45 - 9:30 a.m. in Schaumburg H
Presented by Kim Eck
- ISAC Programs
9:45 - 10:30 a.m. in Schaumburg E
Presented by Kim Eck Once on site at the hotel for the conference, refer to the conference program to confirm the location of each session. For more details regarding the 2009 ILASFAA Conference, visit the ILASFAA Web site.
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ISAC UPDATE
Electronic ISAC Update for February 2009
Available at College Zone
Sent on March 2, 2009 The February 2009 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 February via College Zone's e-Messaging service.
Topics covered in the February 2009 ISAC Update include:
- Dear Colleague Letter from ISAC Executive Director
(sent February 17, 2009)
- Summary of January 30th Commission Meeting
(sent February 2, 2009)
- Electronic ISAC Update for January 2009 Available at College Zone
(sent February 2, 2009)
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