2022-23 FAFSA®, Alternative Application, and Important Dates
The Illinois Student Assistance Commission (ISAC) would like to make you aware of the following information, which may be of interest to you and/or your customers.
Unless otherwise noted, links in this message are to corresponding pages at ISAC's website (isac.org).
2021-22 ISAC Administrative Rules Available
ISAC Administrative Rules, which were adopted for the 2021-22 academic year, are available within the e-Library for Partners and may be viewed in two formats: "Listed Alphabetically" and "Listed by Program Type/Topic."
2022-23 FAFSA® and Alternative Application Now Available
The 2022-23 Free Application for Federal Student Aid (FAFSA®) cycle, including FAFSA on the Web, opened – and the Central Processing System (CPS) began processing 2022-23 FAFSA data – on October 1, 2021. Details regarding the 2022-23 application cycle may be accessed via the Applying for Financial Aid section of the e-Library for Partners.
The 2022-23 Alternative Application for Illinois Financial Aid is also available (in English and Spanish). As a reminder, students meeting the criteria of the Retention of Illinois Students and Equity (RISE) Act may file the Alternative Application – which is patterned after the FAFSA – to apply for the Monetary Award Program (MAP) grant. Because the failure to register for Selective Service no longer disqualifies an applicant from receiving federal student aid, students who have not registered may want to consider completing the FAFSA instead of the Alternative Application to maximize their financial aid opportunities. Further details are provided at ISAC's RISE Act page.
Encourage your customers to check out the Financial Aid Planning area for information regarding resources that are available to help students complete the financial aid process.
November 2021: Next Unreported Loans Report to Be Distributed
ISAC plans to distribute the next National Student Loan Data System (NSLDS®) Lender Manifest Report of Unreported Loans (Unreported Loans Report) during the month of November 2021. This report is provided to lenders and servicers twice a year in order to assist them in determining whether all loans that appear in their loan portfolios have been reported to ISAC via their NSLDS Lender Manifest Report (Lender Manifest).
If you have not already done so, please take the time to review the loans listed on the May 2021 Unreported Loans Report and make the necessary data corrections so that these loans can be successfully reported on your next monthly Lender Manifest submission.
December 2: Next Commission Meeting
The next meeting of the Illinois Student Assistance Commission is scheduled to take place at 1 p.m. (CT) on Thursday, December 2, 2021. Further details, including a listing of tentative agenda items, will be available prior to the meeting via the ISAC's Governing Board: The Commission section of the About ISAC area.
The Commission Meeting Schedule page will soon be updated with information regarding all meetings scheduled in 2022.
ISAC staff will be unavailable for these holidays:
- Monday, October 11 – Columbus Day
- Thursday, November 11 – Veterans Day
- Thursday, November 25 – Thanksgiving Day
- Friday, November 26 – Day after Thanksgiving
- Friday, December 24 – Christmas (observed)
- Friday, December 31 – New Year's (observed)
Staff will again be available the first business day immediately following each holiday.
Common Account Maintenance (CAM) files received on a holiday will be staged for processing the following business day, with results available on the morning of the second business day after the holiday. Click on the following link to access the upcoming holiday processing schedule for CAM files.
Access the Lenders area anytime, or send an e-mail message to ISAC's Lender Services Department. With the exception of days when ISAC staff members are unavailable, we will review and respond to messages during regular business hours of Monday through Friday, 8 a.m. – 4:30 p.m. CT.
You are receiving this message because you registered for ISAC's e-Messaging service through one or more subscription groups for Lenders.
If you have any questions regarding this e-Message, please contact ISAC's Lender Services Department by calling toll free at 800.477.4411 or sending an e-mail message to email@example.com.