FAA Message Board
The FAA Message Board is updated each week.
A limited
Public Service Loan Forgiveness (PSLF) waiver, which is a set of temporary changes allowing federal student loan borrowers to receive credit towards PSLF for payments that were previously ineligible, ends on October 31, 2022. Final PSLF webinars are being offered by ISAC throughout the month of October. Further details, including webinar dates and information on how to register, are provided in an
October 4 e-Message.
Proposed administrative rules and amendments were published in the
September 30th Illinois Register. The public comment period is open through Monday, November 14
th. Instructions for submitting comments are included in the Register.
The 2023-24 Free Application for Federal Student Aid (FAFSA®) and the Alternative Application, used to apply for the Monetary Award Program (MAP) grant and other types of financial aid, are now available. Further details, as well as upcoming important dates, are provided in an
October 3 e-Message.
Due to the Columbus Day holiday, ISAC offices will be closed on Monday, October 10, reopening on Tuesday, October 11. Access the Financial Aid Administrators area at
isac.org anytime, or
send an e-mail message to the School Services Department for questions or inquiries.
Be sure to regularly visit the
2023-24 FAFSA Completion page (located in the
Applying for Financial Aid area of the
e-Library) for the latest information regarding the upcoming financial aid processing cycle.
ED
announces the posting of quarterly reports to the FSA Data Center to ensure consistency, increase transparency, and establish self-service opportunities.
A
September 23 e-Message announces that – at the
September 22, 2022 Commission meeting – a
2023-24 Monetary Award Program (MAP) start-up formula (which is the same as the 2022-23 recompute formula) was approved. Operational details regarding implementation of the 2023-24 MAP start-up formula will be communicated when they are available.
Remind your students and their families who are seeking ways to pay for college to beware of financial aid scams. Information is available at the
Scholarship and Financial Aid Scams page of the
Federal Trade Commission (FTC) Consumer Information website and through a U.S. Department of Education “
Don’t Get Scammed on Your Way to College!” document.
The payment processing cycle has begun for the 2022-23 MTI Scholarship and Golden Apple Scholars of Illinois programs, and colleges may submit first-term payment requests. Further details are provided in a
September 15 e-Message.
ED provides an
updated announcement with more information regarding the one-time student loan cancellation program. Further details are found at the
studentaid.gov website.
Encourage your returning college students who are planning to attend college in the fall of 2023 to
create an FSA ID, which is used when completing the FAFSA. Be sure to remind students to submit the 2023-24 FAFSA, which will require 2021 income information, on or after October 1, 2022.
ED
announces that a 2023–24 Free Application for Federal Student Aid (FAFSA®) form preview presentation is now available. Further details, including enhancements to the 2023-24 online FAFSA form, are found at the
FSA Partner Connect website.
Anyone, 6 months of age and older, is eligible to receive the COVID-19 vaccine. Find your nearest vaccination location at
ISAC Student Portal
