College Illinois!®Lenders
Lenders, Servicers, Secondary Markets and all other lending institution personnel have access to a centralized source of operational guidance for ISAC's programs, processes and resources, as well as information about how to pay for college.
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Lender Message Board
The Lender Message Board is updated each week.
NEW Website Outage – Sunday, June 25th
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.
NEW ISAC offices closed on July 4 in observance of Independence Day holiday
In observance of the Independence Day holiday, ISAC offices will be closed on Tuesday, July 4, reopening on Wednesday, July 5. Access the Lenders area at isac.org anytime, or send an e-mail message to the Lender 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).
NEW Remind students to beware of financial aid scams
Remind your customers who may be 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.
Keynote speaker and preliminary agenda announced for College Changes Everything Conference (July 20, 2017)
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.
Federal student loan interest rates effective July 1, 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 are available at the Interest Rates page of this website.
Unreported Loans Report distributed; responses due on or before June 30
A May 19 e-Message announces that ISAC has distributed the National Student Loan Data System (NSLDS®) Lender Manifest Report of Unreported Loans (Unreported Loans Report), including a cover letter with helpful reminders. Responses are due on or before June 30, 2017.
More
The links below have information on topics that were previously listed on the Message Board.
State Legislative Update
Outreach Calendar/Events
FAFSA Completion Information
State Legislative Update
Outreach Calendar/Events
FAFSA Completion Information
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