 Welcome to the FAA Zone
At your fingertips, Financial Aid Administrators, Business Officers, and other school personnel have access to a centralized source of information and financial aid guidance concerning ISAC's programs, processes, and resources.
FAA Message Board
The FAA Message Board is updated each week. New messages for the week are identified by the  Items under the More section, located toward the bottom of the page, provide links to information on topics that were recently listed on this Message Board.
2007-08 Monetary Award Program (MAP) and Silas Purnell Illinois Incentive for Access (IIA) Program payment claims (for third quarter, and for second semester at institutions where the second semester begins after February 15th) are due on or before June 1, 2008.
A March 1, 2008 Dear Colleague Letter
(DCL ANN-08-05) announces that a recorded version of the April 10th Federal Student Aid TEACH Grant Implementation and Processing Webinar is available online for financial aid administrators and their staff.
Illinois Association of Student Financial Aid Administrators (ILASFAA) 2008 conference evaluation forms and presentations can be accessed online via the Conferences page of the ILASFAA Web site. ISAC presentations from the ILASFAA conference are also available via the e-Library's Conference Handouts & Presentations page here at collegezone.com.
The most recent Federal Update, dated
May 7, 2008, provides information regarding President Bush signing the Ensuring Continued Access to Student Loans Act of 2008. The Federal Update is available via the Federal Information section of the e-Library.
The 2008-09 MAP Automated Delivery Process File Specifications, which may be accessed via the Electronic Tools area of the e-Library, have been revised so that the information for "College Year" (Field Number 5 on page 3 of the document) correctly reflects data for the 2008-09 academic year.
An updated version of the Comparison of Teacher Education Programs, now containing information about the Federal TEACH Grant, is available in the Gift Assistance Programs area of collegezone.com, under each program - Minority Teachers of Illinois, Illinois Future Teacher Corps and Illinois Special Education Teacher Tuition Waiver, as well as in the TEACH Grant section of the Federal Programs area.
Spring term (second semester/second and third quarter) payment requests for the 2007-08 Illinois Veteran Grant (IVG) Program are due to ISAC on or before
May 25, 2008. Although schools will not be reimbursed by ISAC for spring term awards or late claims, payment requests must be submitted to ISAC so eligibility units can be assessed to students' accounts. IVG Program payment procedures, as well as the latest Program News, are available within the ISAC Gift Assistance Programs area.
An April 29, 2008 e-Message invites registrars to attend an informational session about the Illinois Electronic Transcript Exchange. Sessions are being offered on
May 20th and May 22nd.
An April 25, 2008 electronic announcement from the U.S. Department of Education (ED) announces that, during the months of May and June, ED will send notifications to applicants who used estimated tax data on their 2008-09 Free Application for Federal Student Aid (FAFSA). The reminders, which will be sent via either e-mail or the U.S. Postal Service, will ask applicants to compare the income portion of the Student Aid Report (SAR) with information from completed 2007 tax returns and make corrections as necessary.
Federal Student Aid (FSA) 2008 Conferences (formerly known as Electronic Access Conferences) will take place in Dallas (October 28-31) and Las Vegas (December 2-5). Details (including registration information) may be accessed via the FSA Current Conferences Web page.
2008-09 Robert C. Byrd Honors Scholars have been sent notification letters that contained Eligibility Certification forms and Rights and Responsibilities documents. New (incoming freshmen) and renewal Byrd Honors Scholars must return the Eligibility Certification form to ISAC on or before July 15, 2008, so that you will be able to request payment on their behalf for the fall term.
A State Legislative Update, dated April 21, 2008, contains the most recent status of bills which pertain to ISAC-administered programs and education in general.
An April 2nd e-Message announces that 2008-09 budget packets must be completed and returned to ISAC on or before June 1, 2008. Only one budget packet should be submitted: the 2008-09 Gift Assistance Programs Budget Packet allows schools participating in the Illinois Veteran Grant (IVG) and Illinois National Guard (ING) Grant programs and the Monetary Award Program (MAP) to enter their budget information on one form; schools that participate only in MAP will complete the 2008-09 Monetary Award Program Budget Packet. The budget packets can be accessed via the Budget Reporting - MAP, IVG & ING page of the FAA Zone's Processes area.
More
Upcoming Unavailability of Federal Student Aid Web Sites
List of ISAC's Participating Lenders
Dear Colleague Letter FP-08-02 (revised promissory note addenda and Plain Language Disclosures)
State & Federal Aid Estimator
FAFSA Completion Information
Important Reminders calendar
Most Recent ISAC Update:
April 2008
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