Iowa Student Loan
About Us Careers Contact Us
Iowa Student Loan www.facebook.com/IowaStudentLoan www.facebook.com/IowaStudentLoan www.studentloancoach.info

Started your application?

Get assistance viewing your application disclosures. If you have loan application questions, call (800) 542-6005 between
8 a.m. and 6 p.m. Monday–Friday.

Learn More About the College Family Loan

The College Family Loan is a private loan option for parents, family members and others who wish to help undergraduate and graduate students with college costs. Information about the loan is provided upfront and in clear terms so you can have a full picture of the loan before you begin the application process. Review the different tabs below to learn more about this loan.

Loan Options Tab Repayment Benefits Tab Underwriting Criteria Tab Compare to PLUS Loan Tab

Options

View the different tabs below for loan details. While your student is in school, if you want to make:

  • Full payments, select the Immediate Payment tab.
  • Interest payments, select the Interest-Only Payment tab.
  • No payments, select the Deferred Payment tab.

Compare financial information on all College Family Loan options. (PDF)

Immediate Payment Tab Interest-Only Payment Tab Deferred Payment Tab

The Immediate Payment options feature the lowest College Family Loan interest rates, and making regular on-time payments during the in-school period prevents increases to the loan balance. These options:

  • Require that monthly payments of principal and interest begin immediately — while your student is enrolled in school — after the loan is fully disbursed.1
  • Have a 10-year (120-month) principal and interest repayment period.2

Fixed-Rate

Examples for a $10,000 Loan

If your
FICO3
score is ...
Interest
Rate
Origination
Fee
Annual
Percentage
Rate
Finance
Charge
Principal &
Interest Monthly
Payment
800 or more4 5.50% 0% 5.50% $3,021 $109
760–7995 6.00% 0% 6.00% $3,321 $111
720–7596 6.20% 0% 6.20% $3,441 $112
670–7197 6.30% 0% 6.30% $3,502 $113

1 Borrowers with delinquencies during the principal and interest repayment period may have future disbursements and/or loans suspended or canceled.

2 If a pre-disbursement loan cancellation results in a College Family Loan of $1,000 or less, the maximum principal and interest repayment term is 37 months.

3 The FICO score used is the TransUnion FICO Score 4, which is based on data from TransUnion and may be different from other credit scores. FICO is a registered trademark of the Fair Isaac Corporation.

4 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $10,000, a 0% origination fee and a fixed interest rate of 5.50% during the 120-month principal and interest repayment period.

5 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $10,000, a 0% origination fee and a fixed interest rate of 6.00% during the 120-month principal and interest repayment period.

6 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $10,000, a 0% origination fee and a fixed interest rate of 6.20% during the 120-month principal and interest repayment period.

7 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $10,000, a 0% origination fee and a fixed interest rate of 6.30% during the 120-month principal and interest repayment period.

Privacy Terms of Use Identity Theft and Online Fraud
6775 Vista Drive, West Des Moines, IA 50266-9305
Copyright ©2012-2017 Iowa Student Loan®
Use of this site signifies your agreement to the Terms of Use and Online Privacy Statement
To access this website and web-based applications, use web browser versions that meet minimum security requirements. View compatible browsers.