ISAC Student Portal2023-24 MAP Late Claims Update
06/07/2024
Unless otherwise noted, links in this message are to corresponding pages at the Illinois Student Assistance Commission (ISAC) website (isac.org).
The following information is being provided to assist colleges in the close-out process for the 2023-24 Monetary Award Program (MAP).
Payment of Late Claims
In order to best leverage available funds by assisting the greatest number of eligible students without overspending program appropriations, ISAC staff monitors both payment request (i.e., claim) rates and remaining funding levels throughout the year.
Based on our current analysis, payment has taken place for 2023-24 MAP late claims received through the date noted below for each term. As a reminder: first-term claims are considered late if submitted after December 8, 2023; second-term claims are considered late if submitted after March 22, 2024; and, third-term claims are considered late if submitted after May 3, 2024.
Payment results are now available in the MAP system for:
- first-term initial claims and increases that were received from December 9, 2023 through (including) February 5, 2024;
- second-term initial claims and increases that were received from March 23, 2024 through (including) May 20, 2024; and
- third-term initial claims and increases that were received from May 4, 2024 through (including) May 30, 2024.
Information regarding how to access payment results is provided in the "Payment" chapter of the MAP User Guide.
Continue Submitting Claims and Reconciling Data
- Continue to report adjustments for all terms – including initial claims, increases and decreases to previously-submitted claims, and cancellations.
- You will be notified as deadline dates are established for reporting 2023-24 MAP adjustments.
- Colleges are encouraged to complete the process of reconciling 2023-24 MAP data as soon as possible.
- As part of the payment offset process, timely processing of cancellations and decreases will affect your institution's 2023-24 MAP "Due to ISAC" amount.
- Only data reconciliation activities should take place at this time.
- After ISAC determines that all payment processing is final, colleges with outstanding funds "Due to ISAC" will receive an e-mail notice indicating the total amount to be returned (anticipated to be sent to financial aid directors later this summer). Until then, no funds should be returned to ISAC.
- As part of the payment offset process, timely processing of cancellations and decreases will affect your institution's 2023-24 MAP "Due to ISAC" amount.
Next Steps
ISAC will continue to monitor institutions' claims and adjustments and the remaining appropriations and – based on the analysis of that data – decisions will be made regarding whether additional 2023-24 MAP late claims will be paid. Updated information will be shared with you via the usual means of communication (i.e., the MAP Program News page, the FAA Message Board, and ISAC's e-Messaging service).
You are receiving this message because you registered for ISAC's e-Messaging service through one or more subscription groups for FAAs.
If you have any questions regarding this e-Message, please contact ISAC's School Services Department by calling toll free at 866.247.2172 or sending an e-mail message to isac.schoolservices@illinois.gov.
