Federal Student Aid - IFAP
   
PublicationDate: 3/26/98
Summary: 1998-99 Processing Status Update # 11
Author: ODAS - Office of the Deputy Assistant Secretary - SFA


Posted March 26, 1998

TO : Financial Aid Administrators

FROM : Diane Rogers
Acting Deputy Assistant Secretary
Student Financial Assistance Programs

SUBJECT : 1998-99 Processing Status Update # 11

I am pleased to present you with my eleventh message on the processing of the 1998-99
Free Application for Federal Student Aid (FAFSA). During the week of March 16-20, we
processed 449,640 applications for the 1998-99 cycle, bringing our year-to-date total to
2,371,230 applications. As always, this number is the number of applications which have
been processed through the Central Processing System (CPS), the final stage in the
process.

Our Multiple Data Entry (MDE) contractors have further expanded their processing
capacity. Last week, they processed about 110,000 more forms than they did previous
week, a 30 percent increase.

The difference between the number of FAFSAs processed and the number received
reflects the number of applications in process. Throughout the academic year, there will
always be applications in process; this number will not be zero until the end of the
academic year in June 1999.

Of the roughly 900,000 forms our contractors had received but not yet processed as of
last Friday, our MDE contractors had completed processing 269,000 (or 30 percent of
these) applications and sent their data on to the CPS. The CPS typically processes the
data it receives from the Department's MDE contractors within 72 hours. Schools
typically receive their Institutional Student Information Reports (ISIRs) within hours
after they are completed by the CPS.

Roughly 300,000 (or 33 percent) of those 900,000 applications had been at the
Department's MDE contractors for longer than seven business days. We expect this
number to continue to decrease.

While we do not yet have final numbers for the week in progress, we believe that they
will show our contractors' substantial progress in processing these applications when
they are released next week.

As always, students who would like their FAFSAs to be processed more quickly may
apply electronically, including via FAFSA on the Web. Electronic FAFSAs are faster
and easier for students to file and for the Department to process.

The following statistics are through Friday, March 20:

FAFSA and Renewal Applications

RECEIPTS PROCESSED
YEAR TO DATE--GRAND TOTAL 3,273,564 2,371,230
I. Paper 3,100,936 2,198,602
II. Electronic 172,628 172,622