| PublicationDate: 4/8/96 Summary: 1996-97 FAFSA Processing - Announcement #27 Author: ODAS - Office of the Deputy Assistant Secretary - SFA Announcement # 27-- April 8, 1996 This is announcement number 27 in our series of daily FAFSA updates for financial aid administrators. For information on individual applications, parents and students should contact 319-337-5665. 1996-97 Free Application for Federal Student Aid (FAFSA) Processing Status Report A. Status of Applications as of April 7, 1996 No./Percent. Expected FAFSA No. of Paper of Paper Apps. Date to Receipt Date Apps. Rec'd. Processed Complete =============================================== Jan 1 - Jan 31 438,509 438,509 (100%) Completed Feb 1 - Feb 15 698,335 696,442 (99%) Feb 16 - Feb 29 880,976 797,936 (91%) SUBTOTAL: 2,017,820 1,932,887 (96%) Mar 1 - Mar 15 976,306 619,440 (63%) Apr 15 Mar 16 - Mar 31 595,713 112,238 (19%) Apr 15 TOTAL 3,589,839 2,664,565 (74%) Note: Expected Date to Complete reflects the date that the Department expects all paper applications with these receipt dates to have been entered and processed by the Central Processing System. B. FAFSA processing on the weekends In Announcement 22, the Department posted information about FAFSA processing on the weekends. We would like to take this opportunity to provide further clarification on this subject. The Central Processing System runs five computes each week, one each day Monday through Friday. On Saturdays and Sundays, the Multiple Data Entry contractors key data from FAFSAs, batch the data, and send the data to the CPS for processing. That data is then processed Monday, i.e. the CPS retrieves the data into their system on Monday morning to begin the compute process. Since the compute process takes approximately two days, (when you include the time required for data matches) Wednesdays or Thursdays should be the days that institutions should begin to see ISIRS from data that was keyed the previous weekend. Thank you for your continued patience and suggestions. |