For Public Officials
Iowa Student Loan, also known as ISL Education Lending, was established in 1979 as a private, nonprofit corporation.
Based in West Des Moines, Iowa, the organization:
- Together with its subsidiary, employs more than 150 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, ISL Education Lending 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.