2008-09 Held MAP Claims Being Released for Payment

The Illinois Student Assistance Commission (ISAC) plans to release 2008-09 Monetary Award Program (MAP) claims, as outlined below.

Held MAP Claims - Processed July 16th

As was announced in June, all 2008-09 MAP claims submitted on or after April 28, 2009 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 MAP disbursements and report all cancellations.

Based on our analysis, and thanks to the reconciliation efforts of our school partners, all 2008-09 MAP payment claims that were submitted between (including)
April 28, 2009 and June 1, 2009 will be processed the evening of Thursday, July 16, 2009.

Payment results for these records will be available in MAPnet on Friday, July 17, 2009.

Data Will Be Analyzed on July 17th

On Friday (July 17th), ISAC staff will evaluate the amount of funds that remain available after the completion of Thursday's processing, and then determine if additional claims can be released. If so, some claims will also be processed on Friday evening (July 17, 2009). If payment processing does occur on Friday, a separate e-Message would be sent on Monday, July 20th to notify schools of the date through which 2008-09 MAP held claims were processed.

Return MAP and IIA "Due to ISAC" Amounts by
August 17th

Letters will be mailed to financial aid directors on Monday, July 20th, detailing the “Due to ISAC” amount for MAP and the Silas Purnell Illinois Incentive for Access (IIA) Program. The outstanding amount due for both programs, with proper documentation, should be returned to ISAC on or before Monday, August 17, 2009.