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2009-10 Recompute Formula
2009-10 Start-Up Formula
Each year the Illinois Student Assistance Commission (ISAC) is responsible for adopting an allocation formula for the Monetary Award Program (MAP). In January, the Commission acts on a "start-up" formula that is used to begin making award announcements for students applying for the upcoming fall term. Typically, once the Governor and General Assembly take final action on the budget, the Commission revisits the formula in June or July and takes action to approve a "recompute" formula.
Unless otherwise noted, all calculations should be rounded to the nearest whole dollar upward from .500 and downward from .499. As a reminder, students who have been paid for 75 or more MAP Paid Credit Hours must attain junior status for MAP grant eligibility to resume. Students who have been paid for
135 or more MAP Paid Credit Hours are not eligible for MAP.
2009-10 Recompute Formula
The FY2010 state budget that was agreed upon by the Governor and state legislators significantly reduces the amount of funds available for 2009-10 MAP awards. As a result, eligible students will receive one-half of the annual award that was announced at start-up. In an effort to provide students and their families with as much time as possible to seek alternate means of funding their education, all available MAP dollars will be "front loaded" to pay tuition and mandatory fees for the first half of the academic year.
Refer to the July 30th, 2009 e-Message and the pages within the 2009-10 MAP Formula section for additional processing information. For specific details on how 2009-10 term award amounts are calculated, refer to Calculate the 2009-10 MAP Term Eligible Amount, which can be accessed from this link or from the right-hand menu.
2009-10 MAP Awards
The FY2010 state budget that was agreed upon by the Governor and state legislators significantly reduces the amount of funds available for 2009-10 MAP awards. As a result, eligible students will receive one-half of the annual award that was announced at start-up. In an effort to provide students and their families with as much time as possible to seek alternate means of funding their education, all available MAP dollars will be "front loaded" to pay tuition and mandatory fees for the first half of the academic year.
The 2009-10 recompute formula uses the start-up formula components, with awards being announced as follows:
The recompute annual full-time award will be one-half the announced start-up full-time award (rounded to the nearest dollar).
- For students attending semester schools, all available dollars will be announced for the first (fall) semester. The second (spring) semester award will be $0. (e.g., A student at a semester school, for whom an annual award of $4,968 was announced at start-up, would now receive $2,484 for the first term and $0 for the second term.)
- For students attending quarter schools, the first quarter award will be the same as was announced at start-up, the second quarter award will be the difference between the recompute annual full-time award and the first quarter award. and the third quarter award will be $0. (e.g., A student at a quarter school, for whom an annual award of $4,968 was announced at start-up, would now receive $1,656 for the first term, $828 for the second term, and $0 for the third term.)
Additional 2009-10 MAP processing information:
- MAPnet screens will display the 2009-10 announced awards as described above.
- The MAPnet Eligibility Status File extract file will display one-half of the annual award that was announced at start-up in the Original Yearly Eligible Amount field (file position 150 - 155). For example, if the annual award amount at start-up was $4,968 then the amount that will appear after recompute will be $2,484.
- Actual payment amounts will be determined by the number of hours for which the student is enrolled.
- MAP Paid Credit Hours (MPCH) will be assessed in full for each term paid.
- MPCH limits remain applicable.
2009-10 IIA Program Awards
Based on the FY2010 state budget, students who are eligible for the 2009-10 IIA Program will receive $250 for the fall term only. All data will display in MAPnet in the usual manner.
2009-10 Recompute Formula as listed in the June 26, 2009 agenda book.
- Budget
- Use 2003-2004 reported tuition and fees at all institutions, assessed at 100 percent at all institutions.
- Use one living allowance for all applicants, set to $4,875.
- Resources
- Use 80 percent of Pell Grant eligibility as determined by the 2003-2004 Pell Grant Payment Schedule, which contains a $4,050 maximum.
- Calculate the ISAC adjusted EFC by inflating the Federal EFC.
Adjusted Dependent Students’ Parent Contribution:
Adjustment Factor =[PC/11,000 + 1.10] rounded to 2 decimal places
Adjusted PC = PC x Adjustment Factor
Adjusted Independent Student Contribution:
Adjustment Factor =[EFC/11,000 + 1.10] rounded to 2 decimal places
Adjusted EFC = EFC x Adjustment Factor
- Use a minimum self-help expectation of $1,800 for all students.
- Award Amount
- Set the maximum award equal to the lesser of $4,968 or the tuition and mandatory fees specified in the budget. Set the minimum award to $300; round maximum eligibility in $150 increments to calculate partial awards.
The recompute annual full-time award will be one-half the announced start-up full-time award (rounded to the nearest dollar)
- Applicants with an EFC of $9,000 or above are not eligible.
- Reduce annual awards by the amount necessary to remain within the appropriation given the expected number of MAP recipients with applications received prior to the May 15 suspense date. Annual awards will be front-loaded.
- For student attending semester schools, all available dollars will be announced for the first (fall) semester. The second (spring) semester award will be $0.
- For students attending quarter schools, the first quarter award will be the same as was announced at start-up, the second quarter award will be the difference between the recompute annual full-time award and the first quarter award, and the third quarter award will be $0. Term awards must be prorated based on actual enrollment.
- Students who have used 75 or more MAP paid credit hours must be a junior or senior to be eligible for MAP. Students who have used 135 or more MAP paid credit hours are not eligible for MAP.
2009-10 Start-Up Formula
On January 30 2009, the ISAC Commissioners approved the 2009-10 (FY20010) MAP start-up formula, which is the same as the 2008-09 (FY2009) recompute formula. The maximum annual award amount for a MAP grant in 2009-10 is $4,968.
- Budget
- Use 2003-04 reported tuition and mandatory fees assessed at 100 percent at all institutions.
- Use one living allowance for all applicants, set to $4,875.
- Resources
- Use 80 percent of Pell Grant eligibility as determined by the 2003-04 Federal Pell Grant Payment Schedule, which contains a $4,050 maximum.
- Calculate the ISAC adjusted Expected Family Contribution (EFC) by inflating the Federal EFC.
Adjusted Dependent Students' Parent Contribution:
Adjustment Factor = [PC/11,000 + 1.10] rounded to two decimal places
Adjusted PC = PC x Adjustment Factor
Adjusted Independent Student Contribution:
Adjustment Factor = [EFC/11,000 + 1.10] rounded to two decimal places
Adjusted EFC = EFC x Adjustment Factor
- Use minimum self-help expectation of $1,800 for all students
- Annual Award Amounts
- Set the maximum award equal to the lesser of $4,968 or the tuition and mandatory fees specified in the budget. Set the minimum award to $300, and round maximum eligibility in $150 increments to calculate partial awards.
- Provide no award for applicants who have an EFC of 9,000 or greater.
- Students who have used 75 or more MAP Paid Credit Hours must be a junior or senior to be eligible for MAP.
Students who have used 135 or more MAP Paid Credit Hours are not eligible for MAP.
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