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VOL. 24, NO. 6L
December 2006
Welcome to the December 2006 ISAC Update for lenders and servicers, which is a compilation of e-Messages sent through College Zone’s e-Messaging service throughout December. 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
- Julie Henschel, 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
Happy Holidays from ISAC
Sent to Marketing News, Announcements and Operational Updates, Announcements on December 19, 2006 Our entire organization would like to wish all of our lender and servicer partners a safe and very happy holiday season.
We appreciate having the opportunity to serve you, and look forward to working with you throughout the next year.
May 2007 be a healthy, peaceful, and prosperous year for all.
Holiday Schedules
Due to the holidays, ISAC staff will be unavailable on the following dates:
- After 2 p.m. (CT) on Friday, December 22, 2006
- All day on Monday, December 25, 2006
- After 2 p.m. (CT) on Friday, December 29, 2006
- All day on Monday, January 1, 2007
Note that ELM Resources will continue to process and transmit files on all of the dates listed above.
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 a.m. - 5 p.m. CT).
Processing Schedules
Click on the following link to access holiday processing schedules for loan records [CommonLine and Common Account Maintenance (CAM) files].
ISAC Names New Executive Director
Sent to Marketing News, Announcements and Operational Updates, Announcements on December 5, 2006 The Illinois Student Assistance Commission is pleased to announce that Andrew A. (Andy) Davis has been appointed to fill the position of Executive Director, effective January 1, 2007. Andy succeeds Larry Matejka, who is retiring at the end of the year after 26 years of service to Illinois students and their families.
Andy served as an ISAC Commissioner from October 2005 to September 2006, at which time he was named Special Assistant to ISAC's Executive Director. Prior to joining ISAC, he had extensive experience with the investment and securities industry, as well as 15 years of service on the Beloit College Board of Trustees. As stated by ISAC Chairman Don McNeil in ISAC's Press Release regarding Andy's appointment, "Andy Davis' record of achievement in the world of high finance as well as the world of higher education makes him uniquely prepared for this challenge".
Please join ISAC Commissioners and staff in congratulating Andy on his appointment.
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MARKETING NEWS, ANNOUNCEMENTS
Just Added! John A. Logan College and Chicago State University - "FAFSA Expert" Sessions – Register Now
Sent on December 21, 2006 Due to an increased demand, we have added two additional sites to the second of our three part Professional Development Series, the "FAFSA Expert" sessions, which are designed especially for high school counselors, college admission counselors and community organization professionals.
Learn how to answer the questions that even the most experienced professionals may find difficult to answer:
- What is the income 'cut-off' for receiving financial aid?
- Is it true that families with savings can't get financial aid?
- Do I have to report my retirement savings as assets?
- How do I complete the parent section if I am in foster care?
- Where do I list College Illinois! on the FAFSA?
These half-day sessions (9 a.m. – 12 p.m.) are designed to go beyond the basic line-by-line walkthrough of the Free Application for Federal Student Aid (FAFSA) and delve into the more complex tax, asset, eligibility, and need analysis questions. In-depth case studies will be used to illustrate the many nuances of the Expected Family Contribution (EFC) Formula, and all participants will be provided with a set of comprehensive reference materials created for use at Financial Aid Nights, FAFSA Completion Workshops, and throughout the school year. This training also provides three Continuing Professional Development Units (CPDU).
Space is limited so choose from the following dates and locations below and register here:
January 19, 2007
Rock Valley College, N. Mulford Road, Rockford, IL
Woodward Tech Center, Rooms 117/119/121
Campus Map
January 24, 2007
Moraine Valley Community College, 9000 W. College Parkway, Palos Hills, IL
College Center, Moraine Room 1 and 2
Campus Map
January 26, 2007
Spoon River Community College, 23235 North County Rd. 22, Canton, IL
Engel Conference Center, SRC Conference Rooms A and B
Campus Map
January 30, 2007
Danville Area Community College, 2000 East Main Street, Danville, IL
Vermilion Hall, Room 306
Campus Map
January 31, 2007
Chicago State University, 9501 South King Drive, Chicago, IL
Room To Be Determined (Check before date)
Campus Map
February 1, 2007
College of DuPage, 425 Fawell Boulevard, Glen Ellyn, IL
Room SRC 2800
Campus Map
February 2, 2007
East St. Louis Community College Center, 601 James R. Thompson Blvd., East St. Louis, IL
Building "D", The Multi-Purpose Room
Campus Map
February 6, 2007
Illinois Student Assistance Commission, 1755 Lake Cook Road, Deerfield, IL
Room 3030
Driving Directions
February 8, 2007
John A. Logan College, 700 Logan College Road,
Carterville, IL
Conference Center, Room F119
Campus Map
February 9, 2007
Truman College, 1145 West Wilson Avenue, Chicago, IL
Room To Be Determined (Check before date)
Campus Map
Continental breakfast will be provided and registration begins at 8:30 a.m. We look forward to seeing you at one of our upcoming sessions.
Make sure you submit your registration and print the confirmation page for your records.
"FAFSA Expert" Sessions – Register Now
Sent on December 15, 2006 Please join us as we start the new year with the second of our three part Professional Development Series with the "FAFSA Expert" sessions, designed especially for high school counselors, college admission counselors and community organization professionals.
Learn how to answer the questions that even the most experienced professionals may find difficult to answer:
- What is the income 'cut-off' for receiving financial aid?
- Is it true that families with savings can't get financial aid?
- Do I have to report my retirement savings as assets?
- How do I complete the parent section if I am in foster care?
- Where do I list College Illinois! on the FAFSA?
These half-day sessions (9 a.m. – 12 p.m.) are designed to go beyond the basic line-by-line walkthrough of the Free Application for Federal Student Aid (FAFSA) and delve into the more complex tax, asset, eligibility, and need analysis questions. In-depth case studies will be used to illustrate the many nuances of the Expected Family Contribution (EFC) Formula, and all participants will be provided with a set of comprehensive reference materials created for use at Financial Aid Nights, FAFSA Completion Workshops, and throughout the school year. This training also provides three Continuing Professional Development Units (CPDU).
Space is limited so choose from the following dates and locations below and register here:
January 19, 2007
Rock Valley College, N. Mulford Road, Rockford, IL
Woodward Tech Center, Rooms 117/119/121
Campus Map
January 24, 2007
Moraine Valley Community College, 9000 W. College Parkway, Palos Hills, IL
College Center, Moraine Rooms 1 and 2
Campus Map
January 26, 2007
Spoon River Community College, 23235 North County Rd. 22, Canton, IL
Engel Conference Center, SRC Conference Rooms A and B
Campus Map
January 30, 2007
Danville Area Community College, 2000 East Main Street,
Danville, IL
Vermilion Hall, Room 306
Campus Map
February 1, 2007
College of DuPage, 425 Fawell Boulevard, Glen Ellyn, IL
Room SRC 2800
Campus Map
February 2, 2007
East St. Louis Community College Center, 601 James R. Thompson Blvd., East St. Louis, IL
Building "D", The Multi-Purpose Room
Campus Map
February 6, 2007
Illinois Student Assistance Commission, 1755 Lake Cook Road, Deerfield, IL
Room 3030
Driving Directions
February 9, 2007
Truman College, 1145 West Wilson Avenue, Chicago, IL
Room To Be Determined (Check before date)
Campus Map
Continental breakfast will be provided and registration begins at 8:30 a.m. We look forward to seeing you at one of our upcoming sessions.
"Understanding Financial Aid Packaging" Sessions – Spring 2007
Registration begins February 6, 2007
Would you like to help your students identify a good financial aid package? This spring, the Illinois Student Assistance Commission (ISAC) will wrap up its three part Professional Development Series by offering "Understanding Financial Aid Packaging" sessions throughout the state. These sessions will guide you to help your students and their families decipher award letters and compare aid packages, thereby allowing them to identify the best college fit.
We will offer a general perspective about the components of aid packaging. Overall, these sessions aim to provide you the opportunity to participate in comprehensive consumer education about higher education.
How to Register
Registration details, including dates and locations, will be available online through the Outreach & Training Calendar in the Counselor Zone at collegezone.com. We will also be sending e-Messages with the latest information and updates about additional training events. Make sure you submit your registration and print the confirmation page for your records.
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ISAC UPDATE
Electronic ISAC Update for November 2006 Available at College Zone
Sent on December 4, 2006 The November 2006 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 November via College Zone's e-Messaging service.
Topics covered in the November 2006 ISAC Update include:
- Results of November 17th Commission Meeting
(sent November 20, 2006)
- Tips to Ensure the Timely Processing of Online Orders for ISAC Publications
(sent November 17, 2006)
- ISAC/IDAPP Internet Outage - Saturday,
November 11, 2006
(sent November 7, 2006)
- Commission Meeting - Friday, November 17th
(sent November 7, 2006)
- Electronic ISAC Update for October 2006 Available at College Zone
(sent November 1, 2006)
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