JB Pritzker, Governor, State of Illinois

2023-24 MTI Payment Implementation

08/28/2023

Unless otherwise noted, links in this message are to corresponding pages at the Illinois Student Assistance Commission (ISAC) website (isac.org).

This message provides information regarding the 2023-24 payment cycle for the Minority Teachers of Illinois (MTI) Scholarship Program.

2023-24 MTI First-Term Payment Requests Being Accepted

Initial payment request records are now available online via the MTI system, allowing 2023-24 MTI payment processing to commence.

Submit First-Term Payment Requests by December 29th

  • In order to be considered timely, first-term payment requests for the 2023-24 MTI Scholarship Program must be submitted on or before Friday, December 29, 2023.
  • Colleges are always encouraged to submit payment requests as soon as they are able to do so.
  • The timely submission of payment requests and cancellations/adjustments allows ISAC staff to monitor remaining funds and award other students, as applicable.

Processing Reminders

  • Submitting MTI payment requests is a two-step process, which involves generating the request (either individually or in a batch) and then submitting the request.
  • Payment functionality is available each day between 7 a.m. and 10 p.m. (CT).
    • Payment requests submitted by 7 p.m. (CT) will be included in that night's processing, with payment results available the next business day.
    • Results for payment requests submitted after 7 p.m. (CT) will be included in the following night's processing.
  • Results for payment requests received are provided via the MTI system.
    • The Payment Result Summary and Invoice Detail Report can be viewed or printed by selecting the Report tab in the MTI system the day after a payment request has been processed.
      • The report includes Payment Results, Payment Exceptions and Invoice Detail about the payment claim.
      • Be sure to review the report to see which requests, if any, did not process as expected.
  • The disbursement of funds is processed by the State of Illinois Comptroller's Office.
  • Because Payment Offset and Reconciliation procedures apply to the MTI Scholarship Program, refund checks should not be sent for cancellations/adjustments made throughout the award year.
    • Funds should only be returned to ISAC after a final reconciliation has been completed at the end of the regular school year.

Resources Available Online

Certification Reminder

The recent Supreme Court decisions pertaining to college admission practices had no impact on financial aid, meaning ISAC continues to administer all of our programs, including MTI, with no changes and in accordance with our administrative rules. Consequently, in order to ensure qualified applicants are considered for available program funding, be sure to continue certifying records for both renewal and new applicants so they are included in future rounds of awarding and receive the appropriate notifications.

Watch for Future Updates

Future program updates will be announced via ISAC's usual means of communication (e.g., the FAA Message Board, the MTI Program News page, and/or this e-Messaging system).

2023-24 Golden Apple Payment Anticipated for Mid-September

Separate communications will be sent to announce when eligiblity data becomes available for the 2023-24 Golden Apple Scholars of Illinois Program, as well as when the Golden Apple payment processing cycle begins (anticipated for mid-September).

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.