FAA Message Board
The FAA Message Board is updated each week.
In observance of the Thanksgiving holiday, ISAC staff will be unavailable after 2 p.m. (CT) on Wednesday, November 27, and the ISAC offices will be closed on Thursday, November 28 and Friday, November 29. Our offices will reopen on Monday, December 2. 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 Thanksgiving holiday is provided in a
November 15 electronic announcement from the U.S. Department of Education (ED).
Plan to participate in upcoming webinars that will provide an ISAC operational update (November 20) and information regarding implementation and the application process for the RISE Act (multiple dates in December). Further details are provided in a
November 15 e-Message.
The FTC obtained a temporary restraining order halting Arete Financial Group, an operation who claimed to be affiliated with the federal government, who falsely promised to help reduce or even eliminate consumers’ student loans. Further details can be found on a
November 12 Press Release at the
FTC website.
ED
announces that the 2020-21 Federal School Code List of Participating Schools is now available electronically as a Microsoft Excel (XLS) file. Instructions of how to update the FSC information are provided in the electronic announcement.
The next meeting of the Illinois Student Assistance Commission is scheduled to take place Thursday, December 5, 2019, at 1 p.m. (CT) at the Michael A. Bilandic Building in Chicago.
Information regarding implementation of the RISE Act is provided in a
November 1 e-Message.
ED announces that the core financial systems, including the G5 website will not be available from November 20 thru 25, 2019. Further details, including dates and times of outages, can be found in the
October 25 electronic announcement.
The National Association of Student Financial Aid Administrators (NASFAA)
news item provides a new
report by the National Student Clearinghouse Research Center, which includes data collected on students with some college, but no degree (SCND) in the United States, loan defaults, and impact on employment opportunities.
The
priority deadline date for returning MAP recipients is December 1, 2019. Further details, including eligibility criteria, are found at the
isac.org website.
ED
announced that all organizations enrolled for Student Aid Internet Gateway (SAIG) accounts are required to review and validate their assigned TG numbers (SAIG mailboxes) and Electronic Services user accounts by December 13, 2019. Specific steps for completing the confirmation process are included in the electronic announcement.
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