ISAC Student PortalReturning Program Funds to ISAC
When it is necessary for schools to return scholarship and grant program funds to ISAC, a Gift Assistance Refund Check Form must be completed and submitted along with the payment. The form:
- provides information about program funds being returned;
- ensures that refunds are credited to the proper account (both school and/or student), program, and academic year; and
- in situations where the school checks the box "current and/or prior year refund," asks that a list of student names and SSNs (last 4 digits) for whom payment is being returned be attached.
If additional information needs to be provided to ISAC by the college, a Gift Assistance Programs Refund Check Explanation Form (Excel spreadsheet) may be completed and included with the Refund Check Form.
For programs to which payment offset and reconciliation procedures apply, ISAC will continue to offset funds from future payments to the school for awards that are cancelled or reduced during the academic year.
The Gift Assistance Refund Check Form and (if applicable) Refund Check Explanation Form, along with the check(s) made payable to the Illinois Student Assistance Commission, should be sent to:
Illinois Student Assistance Commission
Attn: Cash Receipts
1755 Lake Cook Road
Deerfield, IL 60015-5209
