Schools

iLink provides financial aid officers with a single point of contact for electronic loan processing and transmissions, electronic corrections and Web-based reports.

iLink supports schools with time-saving benefits, including the:

• Ability to route private loan data.
• Capability to exchange data with schools' financial aid management (FAM) system.
• Opportunity to choose between flexible file-routing options that enable financial aid officers to receive incoming files how and when they wish.
• Option to choose from several file-bundle options.
• Ability to aggregate Automated Clearing House (ACH) transactions for participating lenders.

Bundle Options

Schools may select to receive files bundled as:

• Pass-thru.
• Bundle with no late files.
• Bundle with late files.

School officials may also choose different bundling options for Response Files and Disbursement Files.

Online Tools

iSBS

iSBS is iLink's Web-based student loan processing component. It can be used to view iLink loan reports as well as process:

• School certification requests.
• Change transactions.
• Bulk disbursement date and hold/release changes.

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iLinkSBS

iLinkSBS is a website that lets financial aid officers access reports most often viewed on a daily basis. It returns daily reports more quickly and allows the iSBS system to run more efficiently.

Like iSBS, iLinkSBS offers:

• Multiple grouping options.
• Expanded batch ID reporting.
• An easy-to-read format.

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Centralized Disbursement System

The iLink centralized disbursement system (CDS) aggregates disbursement and return of funds monetary transactions for all of a school's participating lenders. CDS offers:

• Two return of funds methods — Automated Clearing House (ACH) and auto debit.
• Online reporting to confirm refunds are processed properly.
• A daily reconciliation process to ensure money movement occurs.