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 symbol. 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.   

 A September 12 electronic announcement from the U.S. Department of Education (ED) announces that ED is releasing FY 2010 2-year Cohort Default Rates (CDRs) on September 17, 2012, and FY 2009 3-year CDRs on September 24, 2012. Information regarding distribution methods for the data is included in the announcement. The initial releases will be to colleges, lenders and guaranty agencies only. After September 24, the CDRs will be publicly posted to the Default Management website and the Federal Student Aid (FSA) Data Center.

 A September 2012 Dear Colleague Letter (DCL ANN-12-22) announces Federal Student Aid’s upcoming Fundamentals of Federal Student Aid Administration training workshops, which are scheduled for October 2012 through September 2013.

2012-13 Illinois Special Education Teacher Tuition Waiver (SETTW) Program verification rosters and certification forms are due back to ISAC on or before September 28, 2012. Refer to the ISAC Gift Assistance Program’s SETTW Tuition Waiver Process area for sample rosters and forms.

Remind your students that they should beware of scams (including attempts at identity theft or fraud). Information about financial aid scams is available at the Federal Trade Commission's Scholarship Scams website. Suspected identity theft or fraud can be reported by calling the federal Office of Inspector General hotline at 800.MISUSED (647.8733). A MISUSED web resource is also available. In addition, students may wish to review a document from the U.S. Department of Education (ED) entitled “Don’t Get Scammed on Your Way to College!”

Awarding of 2012-13 Teacher Education Scholarship Programs (TESP) - including the Minority Teachers of Illinois (MTI) Scholarship and Golden Apple Scholars of Illinois programs - took place on Tuesday, September 4, 2012. Further details are provided in a September 5 e-Message.

Reminder your impacted students that, in order to receive full-year or fall-only term benefits for the 2012-13 Grant Program for Dependents of Police, Fire or Correctional Officers, an application must be received at ISAC on or before October 1, 2012.

More

Information regarding Employment Certification for
Public Service Loan Forgiveness (for colleges and students)

2012-13 State Scholar Announcements

“Pay-As-You-Earn” Proposal (at Federal Student Aid's StudentAid.gov)

2012-13 ISAC Administrative Rules

State Legislative Update

Outreach Calendar/Events

FAFSA Completion Information

Important Reminders calendar

Most Recent ISAC Update:

August 2012