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MAP Update: 2017-18 System Available (Recompute Implemented) and 2016-17 Close-out Reminders

08/15/2017

The following information is being shared in order to assist colleges in the administration of the Monetary Award Program (MAP).

2017-18 MAP Recompute Implemented

Illinois Student Assistance Commission (ISAC) staff has completed verification of system changes related to implementation of the recompute formula, and the 2017-18 MAP system is again available via the ISAC Gift Assistance Programs Access (GAP Access) portal.

All 2017-18 Institutional Student Information Record (ISIR) data received from the Central Processing System (CPS) through (including) Monday, August 14, 2017 is reflected in the MAP system, and we have returned to daily processing of ISIR data.

The 2017-18 MAP Formula section of the ISAC Gift Assistance Programs area at isac.org, as well as the "Check MAP Paid Credit Hours" (in the ISAC Programs area) option that students may access via the ISAC Student Portal, have been updated to reflect the recompute formula.

Colleges may also want to visit the Calculating MAP Awards page of the ISAC Gift Assistance Programs area for instructions on how to calculate awards for semester or quarter terms.

Partial Release of Awards in Suspense Status

As indicated in e-Messages dated July 28 and August 4, the recompute formula that was approved at the July 27, 2017 Commission meeting includes an approximately two-week extension of 2017-18 MAP award announcements (i.e., a partial release of awards in suspense status). Now that the recompute formula has been implemented, ISAC staff will analyze data to determine the date through which award announcements can be extended. Once a specific date has been identified, the information will be shared with the financial aid community.

2016-17 MAP Close-out

Please note the following reminders regarding the close-out of 2016-17 MAP processing:

  • the deadline to submit 2016-17 claims, adjustments (increases and decreases) and cancellations via the MAP system is 7 p.m. on Friday, August 25, 2017; and
  • the MAP system for 2016-17 will become available for historical view only after August 25, 2017.

Colleges are encouraged to finalize reconciliation activities (with proper documentation) as soon as possible, and no later than August 25, 2017. Once 2016-17 processing is complete, debit letters outlining refund amounts that may be due to ISAC will be sent to financial aid directors; do not send any refund checks to ISAC until data reconciliation has been completed. More information regarding the reconciliation process is provided in a July 24 e-Message.

Watch for Future Updates

As updated information becomes available – including the specific date through which 2017-18 MAP award announcements will be extended – it will be shared with you via our established methods of communication (i.e., MAP Program News, the FAA Message Board and this e-Messaging service).

You are receiving this message because you registered for ISAC's e-Messaging service through one or more subscription groups for FAAs.

If you have any questions regarding this e-Message, please contact ISAC's School Services Department by calling toll free at 866.247.2172 or sending an e-mail message to isac.schoolservices@isac.illinois.gov.