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Private Loan Referral Program

Earn referral fees and stop sending your customers and members to your competitors.

About the Program

Every day, you help your customers and members determine the right financial products to fit their needs and goals. If your institution does not offer lending options to cover college costs, they may turn elsewhere, like national lenders, for student loans.

Let Iowa Student Loan Liquidity Corporation, doing business as ISL Education Lending, help you fill a gap in your offerings at no cost to your institution with our suite of education loans and financial literacy tools. By providing information about and referring our products, you can help your customers and members learn about transparent, competitively priced college funding options and your institution can earn referral income.

Sign Up Today

It's easy to participate in the program. Contact us and we'll provide you with more information and answer any questions you may have. Once you decide to work with us, we'll send you the agreements as well as text for your website and custom links for tracking activity from your site to our applications. Referral fees are paid quarterly.

Request Information

What Makes Us Different

Many student loan providers seek out banks and credit unions for referral relationships. So why should you choose ISL Education Lending instead of a different student loan lender?

  1. We only offer student loans. We won't try to cross-sell other products to your customers or members.
  2. As the Midwest's nonprofit student loan provider, we want borrowers to be successful. We're experts in this field with more than 40 years of offering and servicing student loans.
  3. We support your referral success by providing your institution with custom web banners, promotional print materials and other college funding information throughout the year to help your customers maximize college costs covered by financial aid.
  4. Our goal is to not only fund loans for students and families but to help educate them so that they can make better decisions when financing college costs. To that end, we offer a quarterly newsletter filled with useful information to share with your customers and members as well as updates and details for you and your staff.
  5. As another element of being a nonprofit, we support programs in your community that help underserved families.

Our Loans

All ISL Education Lending student and parent loans are for students enrolled at or attending nonprofit, Title IV eligible, degree-granting, accredited colleges, universities and nonprofit schools of nursing.

Borrowers, and more importantly expected cosigners for student borrowers, can pre-qualify for any of the following loans with no impact to their credit score. Individuals who complete the pre-qualification process will be provided with results and expected rates for all loans he or she is eligible for as an applicant or cosigner.

Partnership Advance Education Loan

The Partnership Advance Education Loan is a private student loan for student borrowers (undergraduate and graduate) and their creditworthy cosigners. Students who meet the underwriting criteria on their own do not need cosigners.

Illinois Partnership Loan Program

The unique Illinois Partnership Loan is a private loan for Illinois residents (undergraduate and graduate), and their creditworthy cosigners, who are attending an eligible Illinois college or university. Students who meet the underwriting criteria on their own do not need cosigners.

College Family Loan

The College Family Loan is a private education loan for creditworthy parents, family members or friends to assist undergraduate and graduate students with education expenses.

Partnership No-Cosigner Loan for Undergrads

The Partnership No-Cosigner Loan for Undergrads is specifically for students at the junior level and higher who are enrolled in full-time studies at an eligible Iowa or Illinois college. Set monthly payments are required while student borrowers are enrolled until principal and interest payments begin.

Partnership No-Cosigner Loan for Graduates

The Partnership No-Cosigner Loan for Graduates is for students enrolled in full-time studies in Iowa. This loan's underwriting criteria does not include a debt-to-income requirement so that graduate students without cosigners can focus on their education, and fixed rates are set to be lower than or competitive with the PLUS loan.

Reset Refinance Loan

The suite of Reset Refinance Loans help borrowers who are currently repaying high interest rates on their loans or who are repaying multiple lenders each month. In addition to a traditional student loan refinancing option, ISL Education Lending also offers specialty refinance loans for medical and dental professionals as well as for students, or parent borrowers with students, still in college.

Additional Details

Because private student loans are more complicated than typical consumer loans, you and your customers and members need a partner that is knowledgeable, transparent and trustworthy.

We have more than 40 years of experience in the student loan industry and are invested in the success of our borrowers and business partners. Our suite of education loans and financial literacy tools were created to help families make educated choices when it comes to financing college costs.

To help students and their families cover college costs, ISL Education Lending provides:

  • Rates, terms and conditions your customers or members will know upfront before they apply.
  • Benefits such as a cosigner release, for the Partnership Advance Education Loan and Illinois Partnership Loan, and an interest rate reduction for auto-debit for all loans during principal and interest repayment.
  • Financial literacy information through Student Loan Game Plan during the application process.

The ISL Education Lending refinancing options:

  • Can simplify repayment or reduce interest costs if the loans the borrower is currently repaying have higher rates.
  • Features different repayment terms that are detailed upfront before your customers apply.
  • Offers benefits such as a cosigner release and an interest rate reduction when payments are made using auto-debit.

College Planning Tools

Understanding the complexities of funding a college education is an important step for long-term financial wellness. As a referring partner with us, your institution will have the opportunity to assist those in your community with a full suite of no-cost financial literacy tools. These currently include college planning tools that:

  • Help students and parents understand maximum advisable borrowing levels based on college major and how to reduce their need to borrow to pay for college.
  • Provide a realistic estimation of the return on college investment students may expect from earning a bachelor's degree in a specific major.
  • Help high school seniors and their parents project an estimated total college cost over four years based on the freshman-year financial aid award packet.
  • Assist individuals who are considering extending their education to include graduate school make informed decisions about the ability to successfully repay new student loan debt.
  • Offer informative and valuable tips to help families of students in grades 6–12 prepare for success in college and other postsecondary options.