| collegezone.com | Print page | Close window | |
| |||
| ||||||||||||||||||||||||||||||||||||
|
The Monetary Award Program (MAP) Budget Packet is the means used to collect the charges and data to be used in administering the MAP program each academic year. Each page must be clearly identified with the institution’s name and MAP codes when submitted to ISAC. A copy of the institution’s tuition refund policy is also to be annually submitted to ISAC with the Budget Packet. The Monetary Award Program (MAP) Budget Packet includes four sections. Instructions on how to submit the budget packet are included at the end of this page. You may either scroll through this page, or click on any of the following links to go directly to a specific topic: Section 1 – Monetary Award Program (MAP) Section 1 - Monetary Award Program (MAP) Tuition and Fees Click here to review the Frequently Asked Questions about the completion of the annual Budget Packet. MAP Reported Mandatory Fees Worksheet As defined at ISAC Rules, 2700.20, tuition is the charge for instruction assessed by an institution. Mandatory fees are defined as charges assessed by an institution to each and every full-time student for each term. Application, graduation, laboratory, breakage, add/drop fees, and program administrative fees for out-of-state or foreign study are specifically excluded (refer to ISAC Rules, 2700.20 and 2735.30) as mandatory fees for purposes of the MAP grant. Use the MAP Reported Mandatory Fees Worksheet as a guide in determining the mandatory fees charged to every full-time undergraduate student for each term. A list of examples of possible mandatory fees associated with each general fee category is as follows:
Tuition and Mandatory Fees Report the tuition and mandatory fee amounts in the appropriate row and column on the MAP Tuition & Mandatory Fee table based on an estimate of 16 hours (full time) of enrollment per term.
Room and Board Charges Enter one total for the room and board charges, based on full occupancy and for the regular school year (defined at ISAC Rules, 2700.20), should be provided if your school has dormitory facilities available for more than 20% of its students. Average room and board figures by sector are used to characterize the coast of attendance at Illinois colleges.. Section 2 – Term Dates Enter the start and end dates for each term for each program in the table in Section 4 – Term Dates. If the school has semesters, then only 1st Term and 2nd Term would be completed. A quarter school would also complete the 3rd Term column. Regular school year (defined at ISAC Rules, 2700.20) dates are to be entered. The term dates allow ISAC to better manage the payment process by assisting schools to adhere to ISAC Rules, 2735.40 (l), which permits schools to submit payment requests beginning 10 days prior to the start of classes for each term, but not earlier. The dates also provide the data needed by ISAC to assist institutions with the year-end return refund process, as well as help institutions to identify the date by which an independent student must have resided in Illinois in order to receive a MAP grant. [ISAC Rules, 2700.20] Section 3 – Contacts Complete the contact information in Section 5 by providing the requested information for the person primarily responsible for handling the Monetary Award Program and ISAC’s MAP Internet product, MAPnet. The School Services Department will use the contacts listed in order to reach the correct person when communications are necessary with your school. Section 4 - Certification ISAC Rules, Section 2700.30 (d), require a copy of the institution’s tuition refund policy to be annually submitted to ISAC. In order to gather all required information at the same time, ISAC requests postsecondary institutions to submit their tuition refund policy at the same time as their budget information. Submission of the tuition refund policy is not to be considered ISAC’s approval of it. When submitting the Budget Packet, be sure the tuition refund policy information is clearly identified with your institution’s name and MAP school code. The Budget Packet is to be signed by the Financial Aid Director under the certification statement unless the Budget Packet is submitted directly from the e-mail address of the Financial Aid Director at the school. A copy of the tuition and fee schedule used for the academic year should also be included. How to Submit the Budget Packet
The Monetary Award Program (MAP) Budget Packet is available in either Portable Document Format (PDF) or Microsoft Word format. Include the school's name and MAP Code on all documents as indicated in the instructions. The MAP Budget Packet can be mailed, faxed or e-mailed and must be received at ISAC on or before June 1st to:
Illinois Student Assistance Commission |
|||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
© 2003-2007 Illinois Student Assistance Commission