 Welcome to the Lender Zone
At your fingertips, Lenders, Servicers, Guarantors, Secondary Markets and all other lending institution personnel will have access to a centralized source of marketing information and operational guidance concerning ISAC's programs, processes, and resources.
Lender Message Board
The Lender Message Board is updated each week. New messages for the week are identified by the  symbol. Items under the More section, located toward the bottom of the page, provide links to information on topics that were recently listed on this Message Board.
Mapping Your Future, a public service nonprofit organization offering free services to families preparing for college, has issued a Press Release highlighting how they are helping students, families and schools during tough economic times. Among Mapping Your Future's services are college planning, career selection, financial aid and money management. ISAC is a Mapping Your Future Sponsor.
Let your student loan borrowers know that the 2009-10 Free Application for Federal Student Aid (FAFSA) cycle, including FAFSA on the Web and Corrections on the Web, began on January 1, 2009. The Central Processing System (CPS) has begun processing 2009-10 FAFSA data. Details regarding the application cycle are provided within the 2009-10 FAFSA Completion section of the e-Library.
Check out the College Awareness & Preparation (CAP) page for information regarding resources that are available to help students complete the financial aid process. Several events, including FAFSA completion seminars, will take place across the State of Illinois through March. Encourage your customers to attend the event that best fits their schedule.
A December 17th message from the U.S. Department of Education (ED) provides the 2009 PLUS/SLS variable interest rate for those loans that are subject to a calendar-year adjustment based on the “91-day Treasury Bill” method. Due to no reported activity for these loan types during the past two years, the December 17th message will be ED's last publication of this information.
The School Issues Workgroup of the National Council of Higher Education Loan Programs (NCHELP) Program Regulations Committee has produced two checklists (Entrance Counseling Requirements and Exit Counseling Requirements), which combine regulatory and statutory requirements to provide schools with comprehensive lists of counseling requirements. The documents use bold text to highlight provisions drawn from the Higher Education Opportunity Act of 2008 (HEOA), effective August 14, 2008, for easy identification. These requirements checklists are available via the e-Library's Job Aids & Reference Materials page, and may be shared with schools electronically, or printed as a single page (front and back).
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FAFSA Completion Information
Most Recent ISAC Update:
December 2008
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