FAA Message Board
The FAA Message Board is updated each week.
Due to scheduled regular maintenance, all ISAC websites and functionality – including isac.org, collegeillinois.org, and the GAP Access, Student, College Changes Everything and My Zone portals – will be unavailable from 7 a.m. through 1 p.m. on Sunday, June 25th. We apologize for any inconvenience and appreciate your patience.
In observance of the Independence Day holiday, ISAC offices will be closed on Tuesday, July 4, reopening on Wednesday, July 5. 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. Information regarding schedules for Title IV processors and call centers for the Independence Day holiday is provided in a
June 23 electronic announcement from the U.S. Department of Education (ED).
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June 22 e-Message announces that the next regular meeting of the Illinois Student Assistance Commission is scheduled for 1 p.m. on June 27, at James R. Thompson Center in Chicago. Further details, including the agenda and information regarding the Executive Briefing conference call, are provided in the message. You may access the information via the
Commission Meeting Schedule page of this website.
Remind your students 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 next webinar will take place on Wednesday, June 28 at 2 p.m. (CT) on ISAC’s Military Programs. Specific details can be found in a
May 30 e-Message.
Dr. Kyle A. Reyes, Special Assistant to the President for Inclusion at Utah Valley University (UVU), has been
announced as the keynote speaker for the College Changes Everything Conference, which will take place on July 20, 2017 at the Tinley Park Convention Center. Further details about the conference, including access to the preliminary agenda and online registration, are provided in a
June 15 e-Message.
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June 2 electronic announcement from the U.S. Department of Education confirms that the IRS Data Retrieval Tool (DRT) is now available for borrowers applying for an income-driven repayment plan which allows them to transfer accurate tax return information into their income-driven repayment plan application. The IRS DRT for FAFSA® filing will remain unavailable until the 2018-19 cycle which begins on October 1, 2017. Further details, including implementation solutions and changes, can be found in the electronic announcement.
In a recent e-mail message to Financial Aid Directors, ISAC announced that the annual collection of data for the Handbook of Illinois Postsecondary Institutions is now open and this year’s collection will be done through an automated
online survey process. The data submitted should be applicable to the 2017-18 academic year and responses are due by July 7, 2017.
Federal student loan interest rate information for various education loans disbursed on or after July 1, 2017 is now available. Effective July 1, the interest rate on subsidized and unsubsidized Stafford loans for undergraduate students is fixed at 4.45%. Unsubsidized Stafford loans for graduate students have a fixed rate of 6.0% and the interest rate on PLUS loans (for parents and graduate/professional students) is fixed at 7.0%. Further details may be found at the
Interest Rates page of this website. A
May 30 electronic announcement from the U.S. Department of Education (ED) provides additional information regarding the interest rate for Direct Loans.
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May 24 e-Message provides upcoming important dates, including details regarding close-out for 2016-17 ISAC-administered gift assistance programs. Continue to visit the Program News sections of individual
gift assistance programs for the latest updates.
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