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 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.

 2008-09 budget packets for the Illinois Veteran Grant (IVG) Program, the Illinois National Guard (ING) Grant Program and the Monetary Award Program (MAP) must be completed and returned to ISAC on or before
June 1, 2008. Specific details are provided in an April 2nd e-Message.

 Attention all Illinois 2- or 4-year public colleges: the application for the 2008-09 Illinois National Guard (ING) Grant Program is available to download and print via the
e-Library's Applications & Forms page. In order for an applicant to receive full-year consideration, ISAC must receive the complete application on or before
October 1, 2008.

 The 2008-09 application for the Grant Programs for Dependents of Police, Fire or Correctional Officers is available to download and print via the e-Library's Applications & Forms page. Students may be eligible for these programs if they are the dependent children or spouses of Illinois police, fire or correctional officers who were killed or became at least 90% disabled in the line of duty. In order for an applicant to receive full-year consideration, ISAC must receive the complete application on or before October 1, 2008.

 The Mapping Your Future Web site will be temporarily unavailable between the hours of 7 p.m. and
11 p.m. (CT) on Friday, May 23, 2008, in order to complete necessary maintenance.

 Be sure to regularly visit the Important Dates and What's New section of the e-Library's 2008-09 FAFSA Completion area for a listing of the latest updates and electronic announcements from the U.S. Department of Education (ED). Updates are listed in chronological order by month, and the last date on which new information was posted is indicated at the top of the page.

 In observance of Memorial Day, ISAC offices will be closed on Monday, May 26th, reopening on Tuesday,
May 27th. Access collegezone.com anytime, or send an
e-mail message to a School Services Representative for questions or inquiries.

A State Legislative Update, dated May 14, 2008, contains the most recent status of bills which pertain to ISAC-administered programs and education in general.

A May 14th e-Message provides information regarding the close-out process for 2007-08 ISAC gift assistance programs, including the fact that timely second and third term claims for the Illinois National Guard (ING) Grant Program will be prorated at 72.64%. Continue to visit the Program News sections of individual gift assistance programs for the latest updates.

A May 14th e-Message reminds registrars to register for an informational session about the Illinois Electronic Transcript Exchange. Sessions are being offered on
May 20th and May 22nd. Details (including session locations and how to register) are provided in the e-Message.

A May 13th e-Message announces that a recent Dear Colleague Letter (DCL GEN-08-06, FP-08-06) provides guidance for school use of a preferred lender list in the Federal Family Education Loan Program (FFELP).

A May 9th electronic announcement from the U.S. Department of Education (ED) reminds the financial aid community about site outages that have been scheduled in order to allow the Federal Student Aid data center to be relocated. The next outage will take place between Friday, May 16th and Saturday, May 17th. Details, including specific dates/times and a listing of impacted Web sites, are provided in the electronic announcement.

2007-08 Monetary Award Program (MAP) and Silas Purnell Illinois Incentive for Access (IIA) Program payment claims (for third quarter, and for second semester at institutions where the second semester begins after February 15th) are due on or before June 1, 2008.

A March 1, 2008 Dear Colleague Letter (DCL ANN-08-05) announces that a recorded version of the April 10th Federal Student Aid TEACH Grant Implementation and Processing Webinar is available online for financial aid administrators and their staff.

Illinois Association of Student Financial Aid Administrators (ILASFAA) 2008 conference presentations can be accessed online via the Conferences page of the ILASFAA Web site. ISAC presentations from the ILASFAA conference are also available via the e-Library's Conference Handouts & Presentations page here at collegezone.com.

The most recent Federal Update, dated
May 7, 2008, provides information regarding President Bush signing the Ensuring Continued Access to Student Loans Act of 2008. The Federal Update is available via the Federal Information section of the e-Library.

The 2008-09 MAP Automated Delivery Process File Specifications, which may be accessed via the Electronic Tools area of the e-Library, have been revised so that the information for "College Year" (Field Number 5 on page 3 of the document) correctly reflects data for the 2008-09 academic year.

Spring term (second semester/second and third quarter) payment requests for the 2007-08 Illinois Veteran Grant (IVG) Program are due to ISAC on or before
May 25, 2008. Although schools will not be reimbursed by ISAC for spring term awards or late claims, payment requests must be submitted to ISAC so eligibility units can be assessed to students' accounts. IVG Program payment procedures, as well as the latest Program News, are available within the ISAC Gift Assistance Programs area.

More

Upcoming Unavailability of Federal Student Aid Web Sites

List of ISAC's Participating Lenders

Dear Colleague Letter FP-08-02 (revised promissory note addenda and Plain Language Disclosures)

State & Federal Aid Estimator

FAFSA Completion Information

Important Reminders calendar

Most Recent ISAC Update:

April 2008