Use data routing, online tools and the iLink Centralized Disbursement System (CDS) — all of which are complemented by outstanding customer service — in the combinations you need.
iLink's everyday practices and procedures are guided by accurate and timely support. iLink's School Service Center offers personalized service dedicated to ensuring loan processes run smoothly.
iLink manages all aspects of your private loan data routing and processing needs so you don't have to, allowing you more time to work with students. You gain hours in your week because you can rely on iLink to:
You save more time and effort with:
Schools rely on iLink's expertise with data routing and Web-based processing of student loan applications and changes.
iLink's data-routing system effectively manages and exchanges student loan data with most private student loan providers across the country.
iLink works as an efficient hub, moving data between schools and lenders. iLink routes files received from the school to the appropriate lender based on lender setup and also routes files received from lenders to schools.
Choose how you'd like your files bundled. You may select different options for Response Files and Disbursement Files.
You can elect to receive an email notification when files are sent to you.
iLink's Web-based student loan processing system — iLinkSBS — is used by schools, lenders and loan servicers to certify loans, process change transactions and view reports. Using iLinkSBS, financial aid officers and lender representatives can access appropriate:
In addition, financial aid officers can:
To access the iLinkSBS website, complete the iLinkSBS User Request Form (PDF). iLink will set up your access and email login instructions.
As part of the iLink file-routing system, CDS transfers money between schools, lenders and loan servicers.
To benefit users, CDS also:
Reports display information that the lender provides. If the lender does not provide the Borrower Self Cert code, the value will be blank.
When a change is processed in iLinkSBS, the change automatically updates the view of the loan and sends a CommonLine Change Send file to the lender for processing. If the lender does not process the request before disbursement, you may receive and need to return the funds.
When disbursements are sent via paper check, some lenders send an electronic Disbursement Roster for notification of the disbursement. On the Disbursement Roster report, "Check Number" will be displayed if the disbursement is made via paper check. If you don't want to receive electronic files/reports for paper check disbursements, contact the iLink Service Center. iLink will then remove those files from your reports.
All codes are found in the Appendix section of the User Manual. To access the User Manual, log in to iLinkSBS and select the link in at the bottom of the screen.
Due to disclosure requirement changes in the Truth in Lending Act on Feb. 14, 2010, lenders have options for implementing new rules. Some lenders send guarantee files once underwriting is complete, while other lenders send guarantee files after all disclosure requirements are complete.
iLink can contact the lender to determine if they will complete the setup and testing process to route their loans through iLink. Call (800) 833-4876 or submit a request on the Contact Us page.
Due to Feb. 14, 2010, Truth in Lending Act changes, lenders have the option to either accept a loan amount increase request and send a new disclosure to the borrower or deny the increase and request that borrowers complete a new application for the loan amount difference.
If you have signed up for e-mail notifications, you will receive a notification each time a file is sent to your institution and/or is loaded into the Web-based systems. Email notifications can be managed by:
Yes. You may choose to receive different types of email notifications to fit your processing needs.