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6/3/2010
The Illinois Student Assistance Commission (ISAC) plans to release 2009-10 Monetary Award Program (MAP) and Silas Purnell Illinois Incentive for Access (IIA) Program claims, as outlined below.
Late Claims - Processed June 3
2009-10 MAP and IIA late claims (initial payment requests received at ISAC after the applicable priority claim deadline) will be released for payment according to the following schedule:
- On Thursday (June 3, 2010), late claims received on or before June 1, 2010 will be processed. Payment results will be available in MAPnet on Friday,
June 4, 2010. Records currently held as late claims are identified in MAPnet with a Reject Reason Code of "Y." Results for late payment requests that are processed will be available via MAPnet as outlined above. Payment results will appear on MAPnet's Payment Results reports, Student List Payment screen and the Payment Detail screen.
Once the above-referenced payment claims have been released for payment, all other initial payment requests will continue to be held as analysis for further payment releases continues. ISAC will continue to process adjustments to awards, including increases (through
July 1, 2010), reductions and cancellations.
Continued Need to Reconcile 2009-10 MAP and IIA Records
The need for colleges to reconcile 2009-10 MAP and IIA records continues. Please complete a full reconciliation of MAP and IIA disbursements and return any amounts due (with proper documentation) as soon as possible. Letters detailing the "Due to ISAC" amount as of June 4, 2010 will be mailed to financial aid directors early next week. Please review the letter and return the appropriate amount.
In addition, be sure to use the current version of the Gift Assistance Programs Check Return Form, which includes a field to specify the term(s) for which funds are being returned and is dated "4/06" in the footer. This document may be accessed within the Refunds and Unpaid Claims portion of the FAA Zone's Processes area at collegezone.com.
As a reminder, due to the offset process, do not send refund checks to ISAC without providing the appropriate adjustment data via MAPnet. Details regarding the use of MAPnet (including the User Guide) are provided within the MAPnet portion of the FAA Zone's Processes area.
Watch for Future Updates
Continue to monitor ISAC's established methods of communication (i.e., Program News, FAA Zone Message Board and e-Messages) for additional updates as they become available.
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