| PublicationDate: 3/13/97 Summary: 1997/98 Processing Status Update #13 Author: OPE - Office of the Assistant Secretary for OPE Date : March 13, 1997 TO : Financial Aid Administrators FROM : Betsy Hicks Deputy Assistant Secretary for Student Financial Aid Programs SUBJECT: 1997-98 Processing Status: Update # 13 This is the 13th message in my series of reports on the status of 1997-98 application processing. A week ago we received our 2 millionth 1997-98 application and as of this week the CPS has computed over two million applications. Our receipts during the past two weeks were at their highest for this processing cycle. Both MDEs are temporarily out of their contractual turnaround time for some of the forms, however, the vast majority are being processed without delay and the remaining few are being processed within an additional two or three work days. We are managing the work load and are pleased with our overall 1997-98 processing. 1997-98 RECEIPTS AND PROCESSING STATISTICS Through Friday, March 7, 1997 A. RECEIPTS (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 2,564,562 II. Electronic Applications - Total 73,480 A. EDExpress Apps & Renewals 33,243 B. FAFSA Express 40,237 III. Paper Corrections 254,420 IV. Electronic Corrections 6,143 ALL RECEIPTS -- GRAND TOTAL 2,898,605 B. NUMBER PROCESSED (YEAR TO DATE)* I. Paper (FAFSAs & Renewals) 1,744,447 (68%) II. Electronic Applications - Total 73,480 (100%) A. EDExpress Apps & Renewals 33,243 (100%) B. FAFSA Express 40,237 (100%) III. Paper Corrections 247,696 (96%) IV. Electronic Corrections 6,143 (100%) ALL PROCESSING - GRAND TOTAL 2,071,766 * 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. |