| PublicationDate: 2/19/97 Summary: 1997-98 Processing Status: Update # 10 Author: OPE - Office of the Assistant Secretary for OPE DATE: February 19, 1997 TO: Financial Aid Administrators FROM: Betsy Hicks Deputy Assistant Secretary for Student Financial Aid Programs SUBJECT: 1997-98 Processing Status: Update # 10 This is the tenth message in my series of reports on the status of 1997-98 application processing. I am happy to report that both MDEs are currently maintaining their contractual turnaround times for both the 1996-97 and 1997-98 processing cycles. 1997-98 RECEIPTS AND PROCESSING STATISTICS Through Friday, February 14, 1997 A. RECEIPTS (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 1,052,047 II. Electronic Apps & Renewals 4,777 III. Paper Corrections 64,538 IV. Electronic Corrections 519 B. NUMBER PROCESSED (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 627,965* (60%) II. Electronic A. EDExpress Apps & Renewals 4,777 (100%) B. FAFSA Express 18,564 (100%) III. Paper Corrections 57,124 (88.5%) IV. Electronic Corrections 519 (100%) * The number of paper applications and renewal applications processed and reported here are only those transmitted to and accepted by the CPS as of noon on that Friday. You should have received ISIRs for these applications by the date of this report. This is the tenth message in my series of reports on the status of 1997-98 application processing. I am happy to report that both MDEs are currently maintaining their contractual turnaround times for both the 1996-97 and 1997-98 processing cycles. 1997-98 RECEIPTS AND PROCESSING STATISTICS Through Friday, February 14, 1997 A. RECEIPTS (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 1,052,047 II. Electronic Apps & Renewals 4,777 III. Paper Corrections 64,538 IV. Electronic Corrections 519 B. NUMBER PROCESSED (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 627,965* (60%) II. Electronic A. EDExpress Apps & Renewals 4,777 (100%) B. FAFSA Express 18,564 (100%) III. Paper Corrections 57,124 (88.5%) IV. Electronic Corrections 519 (100%) * The number of paper applications and renewal applications processed and reported here are only those transmitted to and accepted by the CPS as of noon on that Friday. You should have received ISIRs for these applications by the date of this report. |