2022-23 MAP Recompute Implemented
Unless otherwise noted, all links in this message may be accessed via the Financial Aid Administrators area at isac.org.
The following information is being shared by the Illinois Student Assistance Commission (ISAC) in order to assist colleges in the administration of the Monetary Award Program (MAP).
2022-23 MAP Recompute Implemented – MAP System Available
ISAC staff has completed verification of system changes related to implementation of the recompute formula, and the ISAC Gift Assistance Programs (GAP) Access portal (including all program systems, such as MAP) and the ISAC Student Portal are again available.
All 2022-23 Institutional Student Information Record (ISIR) data received from the Central Processing System (CPS) through (including) Wednesday (June 22, 2022) is reflected in the MAP system, and we have returned to daily processing of ISIR data.
As a reminder, the recompute formula:
- increases the maximum 2022-23 MAP award from $5,496 to $7,200;
- uses 2021-22 reported tuition and fees*; and
- uses the 2021-22 Pell Grant Payment Schedule.
* While the recompute formula that was implemented over the weekend utilizes the "main" tuition and fee rate (i.e., the freshman base/general rate; for many colleges this rate is typically what the majority of students at the college are charged), some institutions may want to use differential rates if they charge different (typically higher) tuition and fee rates for certain programs, to maximize students' awards. ISAC staff is developing procedures regarding the process of – when applicable for an institution – designating/updating differential codes, and will share this information with colleges when available.
The 2022-23 MAP Formula section (located in the ISAC Gift Assistance Programs area) and the "MAP Estimator" (which may be accessed by students via the Toolbox area of the ISAC Student Portal) have been updated to reflect the recompute formula.
Colleges may also want to visit the Calculating MAP Awards section of the ISAC Gift Assistance Programs area to access the 2022-23 Hand Calculation Forms – Recompute, as well as instructions on how to calculate awards for semester or quarter terms.
Reminder: Submit 2022-23 Budget Data by July 8
The annual reporting of postsecondary institutions' budget information is underway, and colleges are to submit 2022-23 budget data to ISAC no later than Friday, July 8, 2022. A June 17 e-Message provides a list of upcoming training opportunities during which the 2022-23 budget data collection process will be discussed.
Watch for Future Updates
As updated information becomes available throughout the year – including details about reporting 2022-23 differential rates – it will be shared with you via our usual methods of communication (i.e., the MAP Program News area, 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 email@example.com.