| PublicationDate: 4/16/96 Summary: 1996-97 FAFSA Processing - Announcement #34 Author: ODAS - Office of the Deputy Assistant Secretary - SFA Announcement # 34, April 16, 1996 This is announcement number 34 in our series of daily FAFSA updates for financial aid administrators. For information on the status of individual applications, parents and students should contact 319-337-5665. 96-97 Free Application for Federal Student Aid (FAFSA) Processing Status Report A. Status of Applications as of April 15, 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 15 698,030 698,030 (100%) Completed Feb 16 - Feb 29 880,833 880,833 (100%) Completed SUBTOTAL: 2,017,372 2,017,372 (100%) Completed Mar 1 - Mar 15 981,829 867,603 (88%) Apr 22 Mar 16 - Mar 31 550,673 516,220 (94%) Apr 22 SUBTOTAL: 3,549,874 3,401,195 (96%) Apr 22 (Jan-Mar) April 1- April 15 559,343 112,858 (20%) 14 days from receipt TOTAL: 4,109,217 3,514,053 (86%) 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 (CPS). B. Processing Information We have processed 1,383,823 (or more than 90%) of the 1,532,502 applications received in March. Of the 148,679 March applications not yet processed, 17,136 have been transmitted to the CPS. Of the 131,543 applications not yet transmitted to CPS, we anticipate processing the majority by Friday, April 19. However, there will be a small number that will not be processed until April 22. We understand your need for this application data and appreciate your patience while we continue to process these remaining March records.. C. Central Processing System Compute information As you know, last week we were unable to compute application data on Friday because of a technical problem with the National Student Loan Data System match. We did complete this compute Saturday, April 13. You should have been able to draw down these Institutional Student Information Records (ISIRs) anytime after late Sunday, April 14. This week's first compute (for Monday) was also delayed; you will receive ISIRs from today's compute on Wednesday and, when you do, the number that you receive on that day may be very large. Thank you for your continued support. |