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October 2005
Welcome to the October 2005 ISAC Update for Financial Aid Administrators and Business Officers. This version of the electronic ISAC Update is a compilation of e-Messages sent through College Zone’s e-Messaging service throughout October. This e-Messaging service has replaced ISAC’s use of printed newsletters, the ILASFAA ListServ, 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 FAA 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 School Services at 866.247.2172 or at schoolservices@isac.org. 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 Fall Seminars and More! Invitation to 2005 Fall Seminars We invite you to join us for this year's Illinois Student Assistance Commission (ISAC) Fall Seminars! These half-day sessions (8:30 a.m. to 12:30 p.m.), offered at locations around the state, are open to financial aid administrators, financial aid directors and business officers, and will help you prepare for the 2006-07 academic year. Marketing representatives from lending institutions are also welcome to attend. In addition to providing operational and programmatic updates, we'll also talk about what's happening on the state and federal levels and present a summary of the U.S. Department of Education's Electronic Access Conference (EAC). The latest on ISAC's electronic initiatives, including My Zone and IllinoisMentor, is on the agenda, along with an interactive discussion about possible processing enhancements. Be sure to come prepared to share your ideas and suggestions. This year's seminars are free of charge and a "must attend" for members of the higher education financial aid community. Registration information is now available in the Outreach & Training area of the e-Library. Check the dates and locations for the session that best meets your needs. A listing of agenda topics and address and parking information can be found with the online registration form. Seating is limited, so please be sure to register early! Registration begins at 8:30 a.m., with the seminars starting at 9 a.m. and adjourning at 12:30 p.m. Additional Resources for 2006-07 In looking ahead to the upcoming school year, we've made some modifications to the e-Library of collegezone.com to make it easier for you to assist your students. A new section of the e-Library has been created, called "Applying for Financial Aid - Completing the FAFSA". Access it from the Quick Link on the FAA Zone front page. This new area contains information about how to complete the Free Application for Federal Student Aid (FAFSA), important dates, what's new for 2006-07, and ordering materials. There's also a link that allows you to Build Your Own Reference Manual. Additionally, the "Financial Aid for a College Education" PowerPoint presentations, which can be viewed, printed and/or downloaded for your use have been updated. Available in both English and Spanish, the ready-to-use presentations are located in the Presentations area (#7) of the e-Library. Although it seems this academic year has barely begun, 2006-07 will be here before we know it. Please be sure to attend this year's Fall Seminars and as always, refer to collegezone.com for answers to any and all of your questions throughout the year.  New Commissioners Appointed to Illinois Student Assistance Commission Governor Blagojevich has appointed two new Commissioners to ISAC's governing board. Donald J. McNeil of Chicago has been named the new Chairman of the Illinois Student Assistance Commission effective October 5, 2005, replacing former Chairman J. Robert Barr whose term had expired as of In addition, Ashley Dearborn of Chicago, a student at Wilbur Wright College, has been named Student Commissioner. New Awarding Information Available Online for 2005-06 Teacher Education Scholarship Programs (TESP)
Each time the Illinois Student Assistance Commission (ISAC) completes a round of TESP awarding, new eligible award information, including funded or unfunded status, is made available online at My Zone. The second round of 2005-06 TESP awarding took place on September 29th. Award notifications have been mailed to eligible students.
PUBLIC SCHOOLS - PARTICIPATING IN THE ING GRANT AND IVG PROGRAMS Fall Term Payment Updates for ING Grant and IVG Programs ING Grant Program News The 2005-06 fall term ING Grant Payment Request Roster and Certification Form were mailed to institutions on Monday, October 24th. This roster is a list of all applicants whose ING Grant Program applications were received by October 1st and may be considered for a full-year award at your school. The roster and Certification Form are due back to ISAC on or before November 23, 2005. Any initial payment requests for first semester/quarter submitted after this date will be placed in lower priority consideration for payment.. An ING Supplemental Payment Request Form and ING Out-of-District Tuition Claim Form were part of this mailing. Out-of-District claims must be returned on or before November 23, 2005. Supplemental requests must be returned to ISAC on or before December 8, 2005. The most recent Master File via CD-ROM was mailed to institutions on Tuesday, October 25th and reflects eligibility units used as of October 18th (includes data for the 2005-06 summer term). This information will assist you in identifying "grandfathered" students prior to submitting a payment claim for the Fall 2005 Term. Fall 2005 Term payment claims are now being accepted. For the IVG Program, institutions generate and submit payment requests since ISAC does not know which school the student is attending until the payment request is received (there are no announcement rosters for this program). First term claims are due to ISAC on or before January 15, 2006. Any initial payment requests for first semester/quarter submitted after this date will be placed in lower priority consideration for payment. As a reminder, ISAC has assigned a Tuition Code ( YY - Positions 52-53) for schools to use when claiming payment for the Fall Term when using either the IVG Claim Transaction Form or PC diskette. Revised Fall Claim Transaction Forms have been added to collegezone.com. 2005-06 Revised IVG Budget Packets Now Available Online - due On or Before October 14, 2005 Due to Public Act 94-583, revised budget information must be gathered from postsecondary institutions participating in the Illinois Veteran Grant (IVG) Program. This bill rewrites the IVG Program as recommended by the Joint Committee on Administrative Rules (JCAR), as well as, changes IVG Program benefits to cover tuition and mandatory fees. The changes are effective with the Fall Term 2005 for all IVG eligible students (undergraduate and graduate). Date: Thursday, October 6th Date: Friday, October 7th Community Colleges: Date: Thursday, October 6th Date: Friday, October 7th
FFELP PARTICIPANTS Latest School DAAR Report Available The Notification of Student Loan Borrower DAAR Status report (School DAAR Report) for your school is now available on College Zone's My Zone. This online version has replaced the paper rosters ISAC sent in the past. The School DAAR Report is non-cumulative and is available twice a month to those institutions with students for whom ISAC, as the guarantor, has received a Default Aversion Assistance Request (DAAR) during the reporting time period. Each time a new School DAAR Report is made available online, an e-Message will be sent to the "FFELP Participants" e-Messaging subscription group. Accessing School DAAR Reports at My Zone My Zone is a portal available in the FAA Zone at collegezone.com that allows postsecondary schools online access to student-specific data in a secure environment. If you have not yet signed up to participate in My Zone, proceed to the FAA Zone front page and select the My Zone Quick Link. For complete information and instructions to access your school's DAAR Report, proceed to the FAA Zone front page and select the My Zone Quick Link in the right margin of the page.
ISAC UPDATE GROUP Electronic ISAC Update for September 2005 Available at College Zone Topics covered in the September 2005 ISAC Update include:
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