Schools can utilize a CompuServe mailbox or Internet Mail for the transmission and receipt of data. Send application certification files via the Internet to any guarantor or service provider who trades CommonLine T M v3 or v4 files. EFT is available to schools on all loans originated by NorthStar. The service is FREE to schools. EFT eliminates students waiting to endorse loan proceeds before the funds can be applied to the student's account.
EFT puts the school in control of the disbursement process.
TM CommonLine TM is not actually a product, but a common platform for transmission of data in the student loan industry. From its inception, NorthStar has been a major supporter in the development and enhancement of this common platform.