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7/10/2008
Suspension of IIA Award Announcements Effective
July 12, 2008
Due to current trends in the number of eligible applicants and expected payment claim rates, the anticipated appropriations for the 2008-09 Silas Purnell Incentive for Access (IIA) Program are fully committed. As a result, ISAC will suspend the announcement of IIA grants for all students whose initial 2008-09 Free Application for Federal Student Aid (FAFSA) is received by the Central Processing System (CPS) on or after July 12, 2008. This affects freshman students with zero expected family contributions (EFC's) regardless of enrollment status. The Suspension of IIA Award Announcements page has been updated at collegezone.com.
ISAC will evaluate the status of suspended awards as more information becomes available and if application volume and claim rates support such action, may release some suspended awards.
Information regarding anticipated suspension of Monetary Award Program (MAP) award announcements is provided in the last section of this message.
Student Award Announcements
Colleges will need to suspend announcements of IIA awards to students whose initial FAFSA receipt date is on or after July 12, 2008.
Identifying Records in Suspension Status
Student records with IIA awards in suspension status will be notated in MAPnet and the Eligibility Status File (ESF) by a code of "S" in the "IIA Suspend" field, and IIA records not in suspension status will show a code of "N" in this field. The "IIA Suspend" code displays in MAPnet on the "Student Detail," "Edit MAP Code," and "Student List Eligibility: View" screens, and is included as a selection option for viewing on the Filter screen. The field is also included on the IIA Eligibility Report within MAPnet.
Suspension of 2008-09 MAP Award Announcements Anticipated for Late July
If current trends continue, ISAC anticipates suspending the announcement of 2008-09 MAP grants in late July. As specific details become available, we will keep you apprised via standard College Zone communications (e.g., Message Boards, e-Messages and/or Program News updates.)
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