| PublicationDate: 5/21/96 Summary: 1996-97 FAFSA Processing Author: ODAS - Office of the Deputy Assistant Secretary - SFA Announcement #54, May 21, 1996 A. Application Processing Status as of May 21, 1996 January completed February completed March completed April completed May received 490,283 Processed 332,351 In process 157,932 32% History Correction Processing Status as of May 21, 1996 February completed March completed April received 544,504 Processed 534,012 In process 10,492 2% May received 351,268 Processed 42,990 In process 308,278 88% B. Records Reprocessed to Correct Earned Income Credit Problem The Central Processing System (CPS) reprocessed 22,367 applications on Friday, May 17, 1996. From the time we began processing 1996-97 applications in January through March 19, 1996, we inadvertently did not include earned income credit for applicants who reported it and also met formula type 2 or 5. The number of applications affected by this error is 22,367. ISIRs are available on Monday, May 20. In an earlier attempt to correct the error, we reprocessed 1,269 applications on April 5, 1996. However, the records selected for the reprocessing were independent students with formulas 2 or 5 who reported parents' EIC. Therefore, no data changed on their record when they were reprocessed. These records could be included in the second reprocessing only if they reported student's EIC as well. For the records reprocessed May 17, note that in many cases there is little or no change in affected students' final EFCs and little or no change in Pell eligibility. The reprocessed records will contain comment 172, which says: "This Student Aid Report (SAR) was reproduced because of a processing change, and updates your previous SAR. Review all instructions to see if you need to submit a photocopy of this SAR to any of your schools." These reprocessed records are also identified by the "System Generated Indicator" in the FAA Information Section, with a code of "Z." |