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2016-17 MAP Formula

2016-17 MAP Recompute
2016-17 Start-Up Formula
2016-17 Formula

Each year the Illinois Student Assistance Commission (ISAC) is responsible for adopting an allocation formula for the Monetary Award Program (MAP). In January, the Commission acts on a "start-up" formula that is used to begin making award announcements for students applying for the upcoming fall term. Typically, once the Governor and General Assembly take final action on the budget, the Commission revisits the formula in June or July and takes action to approve a "recompute" formula.

Unless otherwise noted, all calculations should be rounded to the nearest whole dollar upward from .500 and downward from .499. As a reminder, students who have been paid for 75 or more MAP Paid Credit Hours must attain junior status for MAP grant eligibility to resume. Students who have been paid for 135 or more MAP Paid Credit Hours are not eligible for MAP.

2016-17 Recompute

On June 17, 2016, the ISAC Commissioners approved using the FY16 (2016-17 academic year) MAP start-up formula as the FY17 Recompute Formula. If it is determined necessary after first-term claims are received, either release some suspended applications to spend as much of the appropriation without exceeding it or reduce second- and third-term awards to stay within the appropriation.  The FY2017 MAP Recompute Formula is listed below and is also published in the June 17, 2016 Commission Meeting Agenda Book (Item 5).

2016-17 Start-Up Formula

On January 28, 2016, the ISAC Commissioners approved the 2016-17 (FY2017) MAP start-up formula. This formula has been used since FY2012, reducing all awards by 5 percent for a $4,720 effective maximum MAP award. The 2016-17 MAP start-up formula is included in the January 28, 2016 Agenda Book, Item 4.

2016-17 Formula (Recompute and Start-up)

Budget

  1. Use 2003-2004 reported tuition and fees at all institutions, assessed at 100 percent at all institutions.
  2. Use one living allowance for all applicants, set to $4,875.

Resources

  1. Use 80 percent of Pell Grant eligibility as determined by the 2003-2004 Pell Grant Payment Schedule, which contains a $4,050 maximum.
  2. Calculate the ISAC adjusted EFC by inflating the Federal EFC.

    Adjusted Dependent Students’ Parent Contribution:
    Adjustment Factor =[PC/11,000 + 1.10] rounded to 2 decimal places
    Adjusted PC = PC x Adjustment Factor

    Adjusted Independent Student Contribution:
    Adjustment Factor =[EFC/11,000 + 1.10] rounded to 2 decimal places
    Adjusted EFC = EFC x Adjustment Factor
  3. Use a minimum self-help expectation of $1,800 for all students.

Award Amount

  1. Set the maximum award equal to the lesser of $4,968 or the tuition and mandatory fees specified in the budget. Set the minimum award to $300; round maximum eligibility in $150 increments to calculate partial awards.
  2. Applicants with an EFC of $9,000 or above are not eligible.
  3. Reduce awards by 5 percent.
  4. (Added to the Recompute Formula) If determined necessary after first-term claims are received, either release some suspended applications to spend as much of the appropriation without exceeding it, OR reduce second- and third-term awards to stay within the appropriation
  5. Students who have used 75 or more MAP paid credit hours must be a junior or senior to be eligible for MAP. Students who have used 135 or more MAP paid credit hours are not eligible for MAP.