PublicationDate: 3/5/97 Summary: 1997-98 Processing Status: Update #12 Author: OPE - Office of the Assistant Secretary for OPE Date : March 5, 1997 TO : Financial Aid Administrators FROM : Betsy Hicks Deputy Assistant Secretary for Student Financial Aid Programs SUBJECT: 1997-98 Processing Status: Update # 12 This is the 12th message in my series of reports on the status of 1997-98 application processing. I am happy to report that both MDEs continue to maintain their contractual turnaround times for both the 1996-97 and 1997-98 processing cycles. We are currently in our annual peak processing period and the incoming receipts are very high. 1997-98 RECEIPTS AND PROCESSING STATISTICS Through Friday, February 28, 1997 A. RECEIPTS (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 2,057,667 II. Electronic Applications - Total 50,500 A. EDExpress Apps & Renewals 18,081 B. FAFSA Express 32,419 III. Paper Corrections 215,319 IV. Electronic Corrections 2,642 ALL RECEIPTS -- GRAND TOTAL 2,326,128 B. NUMBER PROCESSED (YEAR TO DATE)* I. Paper (FAFSAs & Renewals) 1,321,448 (64%) II. Electronic Applications - Total 50,500 (100%) A. EDExpress Apps & Renewals 18,081 (100%) B. FAFSA Express 32,419 (100%) III. Paper Corrections 193,069 (90%) IV. Electronic Corrections 2,642 (100%) ALL PROCESSING - GRAND TOTAL 1,567,659 (67%) * The number of applications and corrections 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 records by the date of this report. |