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For Financial Aid Officers

In addition to providing you with needed loan information for your students, we also offer informational and educational student materials at no cost to colleges and universities and are active members of IASFAA (Iowa Association of Student Financial Aid Administrators).

Loans Offered by ISL Education Lending

Partnership Advance Education Loan

The Partnership Advance Education Loan is a supplemental private student loan for student borrowers (undergraduate and graduate) and their creditworthy cosigners. Students do not need to be residents of Iowa and may attend any eligible college in the country.

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College Family Loan

The College Family Loan is a supplemental private loan for creditworthy parents, family members or friends to assist undergraduate and graduate students with education expenses. Borrowers and students do not need to be residents of Iowa, and students may attend any eligible college in the country.

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Reset Refinance Loan

The Reset Loan is a student loan refinancing option to help borrowers who are currently repaying high interest rates on their loans or who are repaying multiple lenders each month. Reset Loan borrowers do not need to be residents of Iowa.

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Resources

Looking for necessary loan information? We can help.

Application Disclosures

View example application disclosures for our loans.

Interest Rates

Review current quarter interest rates for our loans.

Loan Payment Calculator

Help students understand what their monthly student loan payment will be.

Online Services

Online services and reports access
Access different secure reports and online services.
  Maintained By For
Student Loan Game Plan ISL Education Lending Monitoring students at your institution who complete this online financial literacy resource
iLinkSBS iLink Viewing reports and loan data as well as processing changes and requests

You need secure access to view these reports.

Please complete the Web Reports Access Request Form (PDF) and return it to your school services liaison as noted in step 5 to receive access to the Student Loan Game Plan report.

Contact iLink at (800) 833-4876 for access to the iLinkSBS reports.

Additional Private Loan Details

Certifying Loans

You may certify loans offered by ISL Education Lending or serviced by Aspire Servicing Center:

  • Up to six months prior to the loan period begin date.
  • 180 days after the loan period end date.

In the case where a student withdraws before the end of the term, the application must be certified on or prior to the last date of attendance and cannot be certified for more than the student's cost of attendance less other aid.

Please process applications within 180 days from the day a certification request is sent. Applications not certified within 180 days will be denied and the student will be required to complete a new application.

Allowable Changes

You may change the academic year when certifying loans if the student has applied for funds for the wrong year.

Available Deferment Time

Iowa Student Loan Liquidity Corporation and other lenders that offer supplemental private student loans that are serviced by Aspire Servicing Center allow borrowers a set amount of deferment time.

Deferment is granted at the sole discretion of the lender. Borrowers may also be granted time if they are in a residency/internship program, serving in the military or having financial hardship. Supporting documentation is required. We may request that borrowers in financial hardship provide a budget worksheet and make payments prior to granting deferment.

Loans Requiring Payment During the In-School Period

Loan options that require principal and interest payments or interest-only payments during the in-school and separation periods, which may not exceed 60 months, have a maximum 24 months of available deferment time.

During authorized periods of deferment, interest will continue to accrue even though no monthly payment is due. In no event will an authorized period of deferment increase the repayment period.

Loans Deferring Payment During the In-School Period

Loan options that do not require payments during the in-school and separation periods, have a maximum 84 months of available deferment time, including the in-school and separation periods.

During authorized periods of deferment, borrowers will receive interest-only statements and may choose to make monthly interest and/or principal payments. We strongly encourage borrowers to make payments that at least cover accrued interest to avoid increases to the loan balance. Authorized periods of deferment may increase the repayment period.