Skip to Content Bruce Rauner, Governor, State of Illinois

2018-19 MAP Start-up Formula Approved
(Summary of November 15 Commission Meeting)

November 16, 2017

The following highlights some of the agenda items included at the November 15, 2017 meeting of the Illinois Student Assistance Commission (ISAC), and any action taken. Details regarding several of the topics discussed at the meeting are provided in the November 15 Agenda Book, which can be accessed from the ISAC's Governing Board: The Commission section of the About ISAC area at isac.org.

FY2019 (2018-19 Academic Year) MAP Start-up Formula Approved – Agenda Item 6

An unexpected lack of a quorum at the September meeting of the Illinois Student Assistance Commission prevented the 2018-19 Monetary Award Program (MAP) start-up formula from being presented for a vote. In order to provide colleges with the data they need to assist students, the proposed start-up formula (which was the same as the 2017-18 recompute formula) was implemented in October with the understanding that it would be presented to the Commission for approval at the November 15, 2017 meeting.

Following the FY2018 recompute formula, staff recommended and the Commission approved using FY2010 tuition and fees and including a 2 percent reduction factor for 2018-19 academic year MAP grants (making the effective maximum award $4,869.00). The approved start-up formula is outlined in Table Four of Agenda Item 6, and may also be found in the MAP section within the ISAC Gift Assistance Programs area of ISAC's website (isac.org).

Continue to monitor our established methods of communication (i.e., MAP Program News, the FAA Message Board and this e-Messaging service) for operational updates throughout the year.

Non-Action Item

The following non-action item was presented to the Commission:

2018 Meeting Schedule

The schedule of 2018 Commission meetings soon will be posted at the Commission Meeting Schedule page.

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@illinois.gov.