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.
Lender Message Board
The Lender Message Board is updated each week.
NEW Visit FSA Financial Partners Portal
Keep up with the latest information from ED by regularly visiting the "What's New" section of the FSA Financial Partners Portal.
FFELP special allowance rates for quarter ending September 30, 2019
ED has announced the average bond equivalent rates for 13-week Treasury Bills during the quarter ending September 30, 2019 as 2.04%. Detailed information can be found at the Financial Partners Portal website.
October is Illinois College Changes Everything® Month
October is Illinois College Changes Everything (CCE) Month. Further details, including suggested ways to assist students with filing college applications and financial aid forms, are provided in an October 1 Press Release.
“Cohort Default Rate Guide for Lenders and Guaranty Agencies”
A September 25 electronic announcement from the U.S. Department of Education (ED) announced that the Cohort Default Rate Guide is available for lenders and guaranty agencies in Portable Document Format (PDF).
Remind customers to beware of financial aid scams
Remind your customers 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.
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
