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Privacy Policy

WHAT DOES NORTHSTAR EDUCATION FINANCE, INC. (‘NorthStar’) DO WITH YOUR PERSONAL INFORMATION?

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:
  • Social Security number and income
  • account balances and payment history
  • credit history and credit scores
How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons NorthStar chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does NorthStar share? Can you limit this sharing?
For our everyday business purposes - such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No
For our marketing purposes - to offer our products and services to you No We don’t share
For joint marketing with other financial companies No We don’t share
For our affiliates’ everyday business purposes - information about your transactions and experiences No We don’t share
For our affiliates’ everyday business purposes - information about your creditworthiness No We don’t share
For our affiliates to market to you No We don’t share
For non affiliates to market to you No We don’t share
What we do
How does NorthStar protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does NorthStar collect my personal information? We collect your personal information, for example, when you
  • applied for a loan or took out a loan
  • make payments on your loan
  • give us your income information
  • give us your contact information
  • tell us where to send the money
We also collect your personal information from others, such as credit bureaus.
Why can’t I limit all sharing? Federal law gives you the right to limit only
  • sharing for affiliates’ everyday business purposes - information about your creditworthiness
  • affiliates from using your information to market you
  • sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
  • NorthStar Education Funding I, LLC.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.
  • NorthStar does not currently share with nonaffiliates so they can market to you
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
  • NorthStar does not currently jointly market
Other important information
You may have other privacy protections under applicable state laws such as Vermont and California. To the extent these state laws apply, we will comply with them when we share information about you.
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