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Summary: 2007-2008 ISIR Analysis Tool Web Application Modified to Use Updated 2007-2008 Federal Pell Grant Payment and Disbursement Schedules

Publication Date: March 23, 2007

Author: William Leith, Acting General Manager, Application, Operations and Delivery Services, Federal Student Aid

Summary: 2007-2008 ISIR Analysis Tool Web Application Modified to Use Updated 2007-2008 Federal Pell Grant Payment and Disbursement Schedules

Posted on 03-23-2007

Federal Student Aid is pleased to announce that the 2007-2008 version of the ISIR Analysis Tool was modified on March 23, 2007 to reflect the updated 2007-2008 Federal Pell Grant Payment and Disbursement Schedules.

As noted in an Electronic Announcement posted on February 27, 2007, the Revised Continuing Appropriations Resolution, 2007, (P.L. 110-5), e stablishes the maximum Federal Pell Grant (Pell Grant) award for the 2007-2008 Award Year at $4,310 and, with the minimum award continuing to be $400, sets the maximum Expected Family Contribution (EFC) that a student may have to be eligible to receive a Pell Grant at 4110.

We began processing 2007-2008 application and correction records reflecting the updated Pell Grant payment and disbursement schedules on March 15, 2007. We also began reprocessing 2007-2008 Institutional Student Information Records (ISIRs) on March 22, 2007 for students who applied prior to March 15 and who, under earlier formulas, were not designated as being “Pell Grant Eligible,” but who are now eligible for a 2007-2008 Pell Grant.

You can access the ISIR Analysis Tool through the FAA Main Menu of the FAA Access to CPS Online Web site ( http://www.fafsa.ed.gov/FOTWWebApp/faa/faa.jsp).

If You Have Questions

If you have any questions regarding this message, contact CPS/SAIG Technical Support at 800/330-5947 (TDD/TTY 800/511-5806) or by e-mail at CPSSAIG@ed.gov.

If you are a participant in Federal Student Aid’s Quality Assurance (QA) Program and have questions regarding the ISIR Analysis Tool, contact QA Program staff at qualityassurance@ed.gov or call your regional Federal Student Aid contact.

Last Modified: 03/22/2007