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PublicationDate: 4/30/97 Summary: Processing Status: Update #20 Author: OPE - Office of the Assistant Secretary for OPE TO : Financial Aid Administrators FROM : Betsy Hicks Deputy Assistant Secretary for Student Financial Aid Programs SUBJECT: 1997-98 Processing Status: Update # 20 I am pleased to report that we have processed over 5.7 million forms so far and that both MDEs are currently maintaining their contractual turnaround times for both the 1996-97 and 1997-98 processing cycles. In addition, the number of FAFSA Express applications processed for 1997-98 continues to exceed the volume processed for 1996-97. Please note that we will discontinue these weekly updates with this report as we are comfortably beyond the period of time each year during which we receive the greatest number of applications to process. I wish to personally thank you for your assistance and cooperation over these last five months and to assure you that we will continue to have as our primary objective providing you the very best service that we can. 1997-98 RECEIPTS AND PROCESSING STATISTICS Through Friday, April 25, 1997 A. RECEIPTS (YEAR TO DATE) I. Paper (FAFSAs & Renewals) 4,610,925 II. Electronic Applications - Total 256,146 A. EDExpress Apps & Renewals 178,322 B. FAFSA Express 77,824 III. Paper Corrections 1,074,924 IV. Electronic Corrections 189,632 A. EDExpress 149,925 B. FSAIC* 39,707 ALL RECEIPTS -- GRAND TOTAL 6,131,627 B. NUMBER PROCESSED (YEAR TO DATE)** I. Paper (FAFSAs & Renewals) 4,278,822 (93%) II. Electronic Applications - Total 256,146 (100%) A. EDExpress Apps & Renewals 178,322 (100%) B. FAFSA Express 77,824 (100%) III. Paper Corrections 1,022,159 (95%) IV. Electronic Corrections 189,632 (100%) A. EDExpress 149,925 B. FSAIC* 39,707 ALL PROCESSING - GRAND TOTAL 5,746,759 * 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. Respectfully submitted, Betsy Hicks |