|
{ISAC Rules, Sections 2735.30 and 2735.40}
2008-09 Payment Processing
Payment Proration Methodology
Calculation a Term Award
Payment Offset and Reconciliation
MAP grants are paid directly to the approved institution of record which certified the applicant's eligibility. Schools may begin requesting payments for MAP 10 days before the beginning of the semester. Payment of grant benefits is requested by the school through ISAC and sent by the State Comptroller directly to the institution.
Schools receive award announcements via MAPnet on all SAR transactions, which assume full-time enrollment. When students enroll less than full time, payment adjustments are based on the most recently announced award.
2008-09 Payment Processing
The Payment Results Report, Payment Results Summary Report and Payment Exceptions Report are available via MAPnet. These reports will not be mailed to schools. If money is due to the school, the Payment Voucher(s) will be mailed.
In order to obtain a listing of students included with any Payment Voucher(s), you may view and print the corresponding reports within MAPnet. Specific instructions are provided on page 16 of the Payment Chapter in the 2008-09 MAPnet User Guide. Due to space constraints, reports will only be available online for 14 days. After that time if you need a copy of the report, you will need to contact the School Services Department.
Additional information concerning MAP and IIA payment can be found within the Payment chapter of the 2008-09 MAPnet User Guide. The MAPnet Payment Results and Reject Codes document (PDF format) can be a handy reference to explain payment results.
Payment Proration Methodology
Payment proration methodology is based on credit hours rather than the previous definition of the student's enrollment status (full-time, half-time, less than half-time). FY2009 funding will not be available to pay for students enrolled for more than 15 hours. Payment will be made according to the number of credit hours enrolled by applying a fraction, according to the student's credit hours claimed with a maximum of 15 and a minimum of 3, to each student's calculated term award amount.
Calculating a Term Award
Calculating a Term Award - Semester Schools
Calculating a Term Award - Quarter Schools
Payment Offset and Reconciliation
Information about the MAP payment offset process and reconciliation is located in the Refunds and Unpaid Claims section in the Processes area.
|
