$8
million in suspended MAP grants released to college students
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[January 31, 2009]
CHICAGO -- The Illinois Student
Assistance Commission is releasing approximately $8 million in
suspended Monetary Award Program funds to approximately 6,200
eligible students whose 2008-09 Free Application for Federal Student
Aid receipt dates were July 26-Aug. 1, 2008.
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The records were released from suspension on Wednesday, allowing
schools to submit claims to ISAC on behalf of those students.
"We are making every effort to make sure all appropriated monies
are being used by those in need of financial support," said Andrew
Davis, executive director of the Illinois Student Assistance
Commission. "Our goal is to make sure as close to 100 percent of
appropriations as possible go to benefit Illinois students."
All MAP grants for eligible students with initial FAFSA receipt
dates on or after Aug. 2, 2008, remain in a suspended status. The
increase in Illinois FAFSA filings for the 2008-09 academic year
resulted in a suspension of awards on July 25, marking the earliest
-ever suspension of MAP grant monies to incoming freshman and
continuing students.
"The increase in Illinois' FAFSA filings can be attributed to the
worsening state of the economy along with an unprecedented increase
in our agency's outreach efforts," Davis continued. "Our message is
and continues to be to fill out those FAFSAs and submit them as soon
as possible."
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The 2009-10 FAFSA has been available online at
www.fafsa.ed.gov, at high
school guidance offices, at financial aid offices and at ISAC
outreach events since Jan. 1. A schedule of upcoming ISAC outreach
events is available at
http://www.collegezone.com/
informationzone/10_3383.htm.
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The Illinois Student Assistance Commission provides students of all
ages and backgrounds with the resources and support to obtain
financial aid for higher education.
A state agency, ISAC has paved the path to postsecondary
education with innovative programs for more than 50 years. Last year
alone, ISAC continued its mission to make college affordable for
Illinois students by issuing 185,000 grants and scholarships
totaling more than $448 million.
The commission coordinates educational funding with student
loans, as a loan guarantor and via numerous public programs, such as
the successful Monetary Award Program, the Illinois Veteran Grant
and College Illinois, the commission's groundbreaking 529 prepaid
college tuition program.
Students and families have free access to a wealth of financial
aid and college planning information at ISAC's family of online
sites, available at
www.knowhow2goIllinois.org.
[Text from
Illinois Student Assistance
Commission file received from
the
Illinois Office of
Communication and Information]
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