|Suspension of 2016-17 MAP Award Announcements
Effective March 10, 2016
Unless otherwise noted, links in this message are to corresponding pages at ISAC's website (isac.org).
The Illinois Student Assistance Commission (ISAC) is suspending the announcement of 2016-17Monetary Award Program (MAP) grants for applicants (except dislocated workers*) whose initial 2016-17 Free Application for Federal Student Aid (FAFSA®) is received by the Central Processing System (CPS) on or after Thursday, March 10, 2016.
49 percent percent of HS seniors have completed the FAFSA
as of March 5, 2016, compared to 51 percent percent on this date last year
Do you know how your high school is doing? You can find out the FAFSA completion rate at your school and help increase it by participating in ISAC's FAFSA Completion Initiative. This free service offers schools a way to effectively improve school FAFSA completions by easily identifying INDIVIDUAL students who have not filed a FAFSA, so counselors can reach those who might otherwise not complete an application. We’ve automated this system to make it more efficient and easy to use, so to begin—or continue—to use this valuable free service, visit our Gift Assistance Program Portal.
Independent student applicants who are dislocated workers are not impacted by this initial suspension of 2016-17 MAP award announcements. Dislocated worker applicants will continue to have awards announced until such time that a dislocated worker suspense date is determined.
When FAFSA filing commences each year, ISAC staff monitors and analyzes MAP application volume and projected claim rates. Once projections indicate that the demand is close to exceeding the anticipated availability of limited MAP dollars, ISAC suspends award announcements. Because a fiscal year 2016 (FY16) appropriation for MAP has not yet been determined, FY17 projections are being made based on the FY15 MAP funding level, which is the most recent fiscal year for which there is a final budget. ISAC staff will continue to monitor the FY17 budget situation, along with MAP application volume and claim rates. If future analysis indicates that a partial release of awards from suspense status is viable, we will communicate that information to the financial aid community as it becomes available. more
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