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Due to a combination of factors affecting payment claim rates for first term, ISAC is releasing Monetary Award Program (MAP) grants from suspended status for approximately 6,200 eligible students whose Free Application for Federal Student Aid (FAFSA) receipt dates were July 26, 2008 through (and including) 2008-09 MAP Applicant Award Status Chart The 2008-09 MAP Applicant Award Status Chart provides an overview of categories for students based on the initial application (FAFSA) receipt date. Since the release from suspension affects "new" and "continuing" applicants, please pay particular attention to the "Eligibility/Late Codes" column provided concerning eligible terms for payment. Identifying Student Records - MAPnet Filter/Report Schools will want to identify student records released from suspension for a variety of reasons (i.e., file review and repackaging, claiming MAP payment, etc.). MAPnet contains filters that will allow you to identify student records and create a report of suspended student records. There is a MAPnet filter that allows the user to create a listing of student records using a date range. For example, by using the 2008-09 release from suspension dates Further details regarding identifying student records are provided via the Suspension of MAP Award Announcements page, which is located within the MAP area of the ISAC Gift Assistance Programs section at collegezone.com. 2008-09 First Term Late Claims - Available Thursday, January 29, 2009 The day after records are released from suspension, ISAC will allow MAP payment processing for all first term claims (including initial claims) through April 1, 2009. Student records released from suspension (full year awards) are now eligible for first term payment (please refer to the 2008-09 MAP Applicant Award Status Chart). Schools may use their standard procedure to request payment for those students. Also, ISAC will release payment processing for held first term claims for MAP grants [Silas Purnell Illinois Incentive for Access (IIA) Program grants are not being released for late payment processing]. MAP records held as late claims are identified on the Payment Results Report with a Result Code of "Y." All late payment requests that were submitted after January 10, 2009 will automatically be reprocessed. Processed records will appear on the Payment Results Report. First term payment claims will continue to be paid until the second term payment claim deadline date. Second Term Payment Claim Deadline Date – The second semester/second quarter payment claims for both MAP and the IIA Program are due to ISAC by 5 p.m. on April 1, 2009 (except, for those institutions where the second semester begins after February 15th, the claim deadline date is June 1, 2009). As of this date, ISAC will re-evaluate remaining funding to determine if late claims will continue to be paid. It is possible that any payment claims submitted after the second term deadline date will be held until after the processing of timely claims for the final term, and then will be paid on a first-come, first-served basis as funds permit. |
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