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Private Student Loan Interest Rates

Interest rates for private student loans for the quarter July 1–Sept. 30, 2015.

This interest rate information is:

  • Intended as a reference for financial aid officers.
  • Not intended to be comprehensive.
  • Not intended for borrowers interested in obtaining a loan.

Partnership Advance Education Loan

View current interest rates, rate calculations and Annual Percentage Rates for the different Partnership Loan options on the Compare Options page.

Iowa Alliance Private Student Loan Program

Loan Option Interest Rate Rate Calculation Annual Percentage Rate (APR)
No-Cosigner Loan 9.00% Prime + 4.50% (min. 9.00%) See APR and terms

Other Private Student Loans Serviced by Aspire Servicing Center

Loan Option Interest Rate Rate Calculation Annual Percentage Rate (APR)
Alliant Credit Union and Health Services Credit Union Private Student Loan
Option 1 5.00% 3-month Libor + 4.00% (min. 5.00%) See APR and terms
Option 2 5.25% 3-month Libor + 4.25% (min. 5.25%)
Option 3 7.00% 3-month Libor + 6.00% (min. 7.00%)
American State Bank Private Student Loan Program
Option 1 5.75% Prime + 2.50% See APR and terms
Option 2 8.50% Prime + 5.25%
Ascentra Credit Union Private Student Loan Program
Option 1 5.25% 3-month Libor + 4.25% ( min. 5.25%) See APR and terms
Option 2 5.50% 3-month Libor + 4.50% ( min. 5.50%)
Dupaco's Extra Credit Student Loan Program
Option 1 4.25% to 5.50% 3-month Libor + 3.25% to 4.50% (min. 4.25%) See APR and terms
Option 2 5.25% to 6.50% 3-month Libor + 4.25% to 5.50% (min. 5.25%)
The Family Credit Union Private Student Loan Program
Cosigner Loan 5.28% 3-month Libor + 5.00% See APR and terms
Veridian Private Student Loan
Option 1 5.50% to 7.00% Prime + 1.00% to 2.50% (min. 5.50%) See APR and terms
Option 2 7.50% to 9.00% Prime + 3.00% to 4.50% (min. 7.50%)
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Iowa Student Loan is a nonprofit organization dedicated to providing the resources students and families need to succeed in postsecondary education. Iowa Student Loan provides scholarships, grant and loan forgiveness programs, and private student loans for those who have exhausted other sources of financial aid.

Aspire Resources Inc. provides customer service and resources on behalf of the U.S. Department of Education for borrowers with federal student loans through the William D. Ford Federal Direct Loan Program (Direct Loan).

Aspire Servicing Center provides customer service and resources for borrowers with federal student loans previously serviced by Iowa Student Loan and for borrowers with private student loans offered by Iowa Student Loan and a number of other lending institutions.

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