NESP Transition Updates – December 13 Webinar
The Illinois Student Assistance Commission (ISAC) would like to provide you with updates on the Nursing Education Scholarship Program (NESP). This message covers several different topics, and depending on your school's current status of program participation, may not be of immediate interest to you. Please feel free to disregard any information that does not currently impact you and/or your students.
NESP Webinar – December 13
A general overview of the transition of NESP administration to ISAC, including discussion about the disbursement process and next steps for the program, is scheduled for 1 – 2 p.m., Tuesday, December 13. To participate, visit the Partner Training page in the e-Library at isac.org to access the webinar link and presentation materials, both of which will be posted on the day of the session; the link is also listed below. Registration is not required, and any specific topics or questions you would like addressed may be submitted via e-mail to firstname.lastname@example.org prior to the session.
December 13 Webinar link: https://illinois2.webex.com/meet/kimberly.eck
Fall 2022 Term Disbursements
This week, NESP recipients are receiving their Grant Agreement/Promissory Notes from ISAC for signature. The students will access the agreement through the ISAC Student Portal and will be encouraged to sign and submit it online for timely processing. Once ISAC is in receipt of the signed agreement, a payment claim voucher will be issued to the school. For institutions with a small number of recipients, this will be done on a rolling basis as agreements are received. For institutions that have a larger number of students, we will batch the payment claims for ease of review and processing. Following the receipt of payment claims, disbursements to schools will follow the same process as in past years, with funds payable by the State Comptroller's office. Checks will continue to be co-payable to the school and the recipient; stipend payments will be remitted directly to recipients. Fall term disbursements are anticipated to take place shortly after the new year.
2023 – What's Ahead
As we look ahead to 2023, there is much work to be done on behalf of NESP recipients and participating schools. ISAC is preparing to undertake three major activities starting in January 2023: the spring term awarding cycle, the onboarding of this program into our Gift Assistance Programs (GAP) Access portal to accommodate schools' administration of the program, and the development of the 2023-24 application. You will receive more details and updates on these activities early next year.
In the meantime, we appreciate your support and collaboration as we continue to work through the details of the transition.
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