Private Student Loans
Private student loans are supplemental loans that are intended to fill any gaps in funding college after all other financial aid resources — scholarships, grants, work-study and federal student loans — as well as earnings and savings have been exhausted.
Like federal student loans, private loans must be repaid with interest. While federal loan rates, terms and other details are set by the government, individual lenders set the rates, terms, criteria and other details for private student loans.
Student loans should be used for education costs only. Remember that every dollar you borrow now must be repaid later with interest and possibly other fees.
Looking for a Private Student Loan?
We proudly offer the Partnership Advance Education Loan® (Partnership Loan) to help you with any college funding shortfall. This private student loan features both fixed and variable interest rate options with different in-school payment choices for undergraduate and graduate students. Students may need a cosigner to qualify for the Partnership Loan, but applicants who meet the underwriting and credit criteria are not required to provide cosigners.
Iowa Student Loan has offered private student loans for more than 20 years. During that time, we have helped approximately 120,000 students obtain the additional funding necessary to achieve their postsecondary education goals. We work hard to offer education loans with competitive rates and clearly defined terms and conditions that are provided upfront, before a student even begins the application process.
These loans are subject to credit approval.
Interested in Refinancing Your Current Loans?
We created the Reset Refinance LoanSM (Reset Loan) for borrowers who want to refinance or consolidate their existing student loan debt. The Reset Loan can help provide lower interest rates and simplified repayment on student loans.
The Reset Loan is subject to credit approval.
Looking for more information about financial aid and student loans? Use these private student loan resources to learn more.
What are private student loans?
How does the financial aid process work?
What is a credit score and why is it important?
How can I reduce loan costs for college?
Download the Choosing a Private Loan worksheet. (PDF)
How can I calculate my loan payments?