| PublicationDate: 4/25/97 Summary: 1997-98 Processing Status: Update #19 Author: OPE - Office of the Assistant Secretary for OPE Date : April 23, 1997 TO : Financial Aid Administrators FROM : Betsy Hicks Deputy Assistant Secretary for Student Financial Aid Programs SUBJECT: 1997-98 Processing Status: Update #19 This is the 19th message in my series of reports on the status of 1997-98 application processing. I am happy to report that we have processed over 5.3 million forms and 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 18, 1997 A. RECEIPTS (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 4,357,623 II. Electronic Applications - Total 224,132 A. EDExpress Apps & Renewals 153,469 B. FAFSA Express 70,663 III. Paper Corrections 944,694 IV. Electronic Corrections 144,774 A. EDExpress 110,841 B. FSAIC* 33,933 ALL RECEIPTS -- GRAND TOTAL 5,671,223 B. NUMBER PROCESSED (YEAR TO DATE)** I. Paper (FAFSAs & Renewals) 4,033,091 (93%) II. Electronic Applications - Total 224,132 (100%) A. EDExpress Apps & Renewals 153,469 (100%) B. FAFSA Express 70,663 (100%) III. Paper Corrections 901,697 (95%) IV. Electronic Corrections 144,774 (100%) A. EDExpress 110,841 B. FSAIC* 33,933 ALL PROCESSING - GRAND TOTAL 5,303,694 * 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 |