 Welcome to the Lender Zone
At your fingertips, Lenders, Servicers, Guarantors, Secondary Markets and all other lending institution personnel will have access to a centralized source of marketing information and operational guidance concerning ISAC's programs, processes, and resources.
Lender Message Board
The Lender Message Board is updated each week. New messages for the week are identified by the  symbol. 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.
A June 30th e-Message provides a summary of the June 27th meeting of the Illinois Student Assistance Commission (ISAC). Included is information regarding a revision to ISAC's default fee payment policy.
Several online resources provide information regarding changes that are being implemented as a result of recently-enacted legislation [such as the Ensuring Continued Access to Student Loans Act of 2008 (ECASLA) and the College Cost Reduction and Access Act (CCRAA)]: an Ensuring Continued Access to Student Loans page has been developed by the U.S. Department of Education (ED) to publish and disseminate information about ED's authority to purchase loans under ECASLA; an Ensuring Continued Access To Student Loans Act (H.R. 5715/P.L. 110-227) Resources page is available from the National Association of Student Financial Aid Administrators (NASFAA) to access related policy statements, Dear Colleague Letters, summaries and analyses, and media coverage all in one location; and the Federal Information page at College Zone's e-Library provides timely Federal Updates and the latest word on federal regulations. Be sure to regularly visit these sites for current information on a variety of federal topics, including FFELP interest rates, loan limits, fees, and policy and processing updates.
Due to the Independence Day holiday, ISAC offices will be closed on Friday, July 4th, reopening on Monday, July 7th. Access collegezone.com anytime, or send an
e-mail message to a Lender Services Representative for questions or inquiries.
A June 24, 2008 Dear Colleague Letter
(DCL GEN-08-10/FP-08-08) from the U.S. Department of Education (ED) provides a reminder regarding guidance that is available for helping Title IV participants affected by a disaster, and references previously-issued DCLs on the same topic (DCL GEN-04-04 and DCL GEN-05-17). The
June 24th reminder also lists contact information for colleges and lenders with questions not addressed in the DCLs.
Presentation slides from the May 15th National Council of Higher Education Loan Programs (NCHELP) "New Regulations" Webinar, as well as a corresponding Q&A document, are available for download via the Webinar section of the NCHELP e-Library.
A State Legislative Update, dated June 16, 2008, contains the most recent status of bills which pertain to ISAC-administered programs and education in general.
More
List of ISAC's Participating Lenders
Dear Colleague Letter FP-08-02 (revised promissory note addenda and Plain Language Disclosures)
FAFSA Completion Information
Most Recent ISAC Update:
June 2008
| 
