| PublicationDate: 4/18/97 Summary: 1997-98 Processing Status: Update #18 Author: ODAS - Office of the Deputy Assistant Secretary - SFA Date : April 18, 1997 TO : Financial Aid Administrators FROM : Betsy Hicks Deputy Assistant Secretary for Student Financial Aid Programs SUBJECT: 1997-98 Processing Status: Update #18 This is the 18th message in my series of reports on the status of 1997-98 application processing. I am happy to report that we expect to have processed over 5 million records by the end of this week and 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, April 11, 1997 A. RECEIPTS (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 4,060,143 II. Electronic Applications - Total 251,917 A. EDExpress Apps & Renewals 186,606 B. FAFSA Express 65,311 III. Paper Corrections 800,790 IV. Electronic Corrections 97,012 A. EDExpress 69,520 B. FSAIC* 27,492 ALL RECEIPTS -- GRAND TOTAL 5,209,862 B. NUMBER PROCESSED (YEAR TO DATE)** I. Paper (FAFSAs & Renewals) 3,716,554 (92%) II. Electronic Applications - Total 251,917 (100%) A. EDExpress Apps & Renewals 186,606 (100%) B. FAFSA Express 65,311 (100%) III. Paper Corrections 747,636 (93%) IV. Electronic Corrections 97,012 (100%) A. EDExpress 69,520 B. FSAIC* 27,492 ALL PROCESSING - GRAND TOTAL 4,813,119 * This number reflects the volume of change of address and change of institutions called in by students and processed by the Federal Student Aid Information Center (FSAIC) staff. ** 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. |