ISAC Student Portal2022-23 MAP Payment Update
03/21/2023
Unless otherwise noted, links in this message are to corresponding pages at the Illinois Student Assistance Commission (ISAC) website (isac.org).
The following information is being shared to assist colleges in the administration of the Monetary Award Program (MAP).
Note that a mid-year recompute of MAP awards, which took place during the 2021-22 academic year, will not be needed for the 2022-23 processing cycle.
Submit Third-term* Claims by May 5th
Effective immediately, the MAP system is accepting 2022-23 MAP claims for the third term*. In order to be considered timely, the following claims must be submitted – via either the MAP system or File Transfer Protocol (FTP) – by the third-term priority claim deadline date of Friday, May 5, 2023.
- 2022-23 third-term* claims are being accepted and paid for:
- initial claims, and
- increases to previously-submitted claims.
First-term and Second-term Claims Being Held
The 2022-23 MAP claims indicated below will be held until further notice. Future payment of these claims will be dependent upon ongoing analysis of claim volume and appropriation levels. If available funds allow for the payment of some (but not all) late claims, such payment will be processed on a first-come, first-served basis – therefore, colleges are encouraged to submit all claims as soon as possible.
- 2022-23 first- and second-term claims are being accepted and held for:
- increases to previously-submitted claims, and
- late claims (i.e., initial first- or second-term claims submitted after March 10, 2023).
Continue Submitting Cancellations/Adjustments for All Terms
Colleges are encouraged to continue submitting cancellations and/or adjustments to decrease previously-submitted claims for all terms. Cancellation and adjustment data factors into our analysis of whether late claims can be paid.
- Because Payment Offset and Reconciliation procedures apply to MAP, 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
Specific details regarding the payment process are provided in the MAP Payment area, as well as in the "Payment" chapter of the MAP User Guide.
Watch for Future Updates
As new updates become available – including whether first- and second-term late claims will be paid – you will be notified via ISAC's usual communication methods (i.e., the MAP Program News page, the FAA Message Board, and this e-Messaging service).
* "Third term" is defined as the third quarter or – for institutions where the second semester begins after February 15th – the second semester.
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.
