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Grants and Loan Forgiveness

Nurses and teachers who fill critical need areas benefit from loan forgiveness and grant programs.

  • Iowa Student Loan Nurse Educator Grants. This grant has awarded more than $650,000 to graduate-level nursing students who teach in a classroom or clinical setting in Iowa at or in partnership with an eligible Iowa college or university nursing program. With the availability of other nursing programs, no new applicants are being accepted into the program, although additional awards are expected to be awarded to current participants through 2017.
  • Iowa Student Loan Teacher Career Establishment Grants. Nearly $1 million was awarded to new teachers working in state-designated subject shortage areas during the life of this program. With the addition of new state programs to help fill the funding gaps in this field, Iowa Student Loan has ended this program so that funds may be dedicated to continuing shortfalls. (Learn more about programs for teachers.)
  • Loan Forgiveness Programs. Iowa Student Loan also awarded loan forgiveness benefits to nurses and teachers who entered specified shortage areas. Current participants will continue to receive benefits through 2017.
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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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