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6/1/2009
Earlier this spring (in e-Messages dated April 28th and
April 30th), the Illinois Student Assistance Commission (ISAC) notified colleges that, while payment claim data for the 2008-09 Monetary Award Program (MAP) was being analyzed, all positive MAP claims submitted on or after April 28, 2009 were being held and not processed for payment. This message is to announce that all third term claims (and second term claims for institutions whose second term begins after February 15th) received on or before June 1, 2009 will be released for payment on Tuesday, June 2nd, with results available in MAPnet on Wednesday, June 3rd.
Once the above-referenced payment claims have been released for payment, all other payment requests will continue to be held as analysis for further payment releases continues. ISAC will continue to process reductions to awards and cancellations.
Continued Need to Reconcile 2008-09 MAP Records
The need for colleges to reconcile 2008-09 MAP records continues. Please complete a full reconciliation of MAP disbursements and return any amounts due (with proper documentation) as soon as possible. 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 are available at the 2008-09 Processing and User Guide area, which is located 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., MAP Program News, FAA Zone Message Board and e-Messages) for additional updates as they become available.
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