Before approving a grant, we review documentation showing the applicant’s name, loan servicer, account details, and outstanding balance. We verify the servicer’s payment instructions before sending funds. If information is incomplete or inconsistent, we request clarification before proceeding.
To ensure financial integrity, all donations are routed through a restricted Escrow Account. This account is legally segregated from the organization’s operating capital. This means 100% of the funds in this specific account are restricted for the sole purpose of debt repayment. We utilize [Your Bank Name or “Tier 1 Banking Partners”] to maintain these accounts, which are subject to quarterly third-party audits.
Our security model is built on a “Zero-Touch” policy. We have removed the capability for funds to be routed to personal checking or savings accounts. Our payment system is hard-coded to only allow outbound transfers to verified Loan Servicer routing numbers. This creates a closed-loop system where money can only move from Donor TO Escrow TO Lender.
We follow the loan servicer’s payment instructions so each approved grant reaches the correct student loan account. Payments are applied according to the loan’s terms, which may require outstanding interest or applicable fees to be paid before principal. After payment, we confirm that the grant has been credited to the recipient’s loan account.
