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For Public Officials

Fast Facts

Iowa Student Loan was established in 1979 as a private, nonprofit corporation. Its mission is to help Iowa students and families obtain the resources necessary to succeed in postsecondary education. Iowa Student Loan has helped nearly 400,000 students pay for college.

Based in West Des Moines, Iowa, the organization:

  • Together with its subsidiary, employs more than 200 individuals.
  • Is self-funded and self-capitalized.
  • Is governed by a board of directors that, since its inception, has been appointed by the governor of Iowa.
  • Does not have shareholders, nor does it receive state appropriations.

Operating as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, Iowa Student Loan is subject to strict regulation of its exempt purpose and use of funds. No funds may be used for the private benefit of any officer or director of the company.

Access our Annual Report for additional information.


Public Policy

Iowa Student Loan works with state and federal policymakers to provide information they need to make informed decisions about education finance policies and regulations. We also advocate for a limited number of specific policies in the interest of Iowa students and families. The policies we advocate for are generally nonpartisan in nature and typically garner bipartisan support.

Learn more about our federal (PDF) and state (PDF) priorities.

Recent Advocacy Efforts

1. We continue to utilize our authority, granted under state and federal law, to use federally tax-exempt Qualified Student Loan Bonds to provide reasonably priced student loan financing to Iowa families. We are appreciative of the strong bipartisan support we have received from Iowa public officials for this policy, including through recent changes in state and federal tax law, which continues to provide for these bond programs.

2. We follow recommended best practices and forgive student loans in cases where the borrower dies or becomes totally and permanently disabled. In years through 2017, such forgiveness was subject to income tax for both federal and state returns. However, effective Jan. 1, 2018, new federal law, which we actively supported, provides a tax exemption for such student loan forgiveness. As a matter of fairness to families and to enhance simplicity of tax filing for state and federal returns, we also supported "coupling" Iowa tax law to the recently enacted federal provision on exemption of loan forgiveness proceeds in cases of death or total and permanent disability of the student borrower.

3. There is increasing demand by employees and interest in the business community in augmenting employee benefits programs with student loan repayment assistance, but current tax law does not exempt such payments from tax the same as employee tuition assistance or some other employee benefits. We continue to advocate for equality in the tax treatment of all benefits designed to assist employees paying for their education.