Pay less interest with fixed rates from 3.25% APR to 7.25% APR1.
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Will not impact your credit score.
Cosigners can help you qualify for a refinance loan. They may also help you receive a better rate.
It's a simple idea. We think you should know our requirements and other details before you apply.
The Reset Loan is a national loan program offered by an experienced nonprofit Midwestern company.
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* By providing your email address, you are consenting for Iowa Student Loan to send you the requested information above. Providing your email address does not obligate you to apply for or accept a loan, and Iowa Student Loan will not use the email address you provide for any other purpose.
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1 Annual percentage rates (APRs) assume you are enrolled in and maintain auto-debit payments from the date of origination. Enrolling in auto-debit results in a 0.25% interest rate reduction. Without enrolling in auto-debit, the rate will range from 3.50% APR to 7.50% APR. Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select and will be within the ranges shown above assuming the auto-debit interest rate reduction applies.
If you're looking to refinance your education loans, there are several reasons why one or two cosigners may be beneficial to you.
CreditworthinessIf you have limited or average credit, a cosigner or two who meet the credit and underwriting criteria can help you qualify for a Reset Loan.
Credit Score and RatesIf you qualify for the Reset Loan but not our best rates, a cosigner with a higher credit score than yours can help you receive a lower rate.
We're different than other lenders. When a loan application has cosigners, Iowa Student Loan only looks at the highest FICO score between the applicant and the cosigners to determine the rate for the loan.
Debt-to-Income RatioOne reason many otherwise creditworthy borrowers — those who meet our minimum credit score and credit history requirements — are denied refinancing opportunities is due to the applicant's debt-to-income ratio. This ratio is calculated by dividing your monthly debt payments by your monthly income.
A cosigner can help with the debt-to-income ratio requirement.
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Established in 1979 as a private, nonprofit corporation, Iowa Student Loan now extends its exceptional loan services to offer refinancing across the country. To date, we have helped more than 392,500 students pay for college.
Based in West Des Moines, we are self-funded and self-capitalized and are governed by a board of directors appointed by the governor of Iowa. 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.
If you're paying high interest rates on your education loans, the Reset Loan might be right for you. This competitive student loan refinance program features fixed interest rates with multiple repayment options and an interest rate reduction benefit
Compare financial information on all Reset Loan options (PDF).
The Reset Loan is for creditworthy borrowers (those who meet the underwriting and credit criteria). Applicants who do not meet the underwriting and credit criterial on their own may apply with one or more creditworthy cosigners.
Borrowers and cosigners cannot have defaulted on any private or government student loan. In addition, borrowers and cosigners must be citizens or permanent residents of the United States. Cosigners must reside in the United States. Military addresses are considered U.S. addresses if designated as an APO or FPO.
To qualify for the Reset Loan, you or your cosigners must:
Please note that the list of criteria above may not be exhaustive. Iowa Student Loan may require you or your cosigners to meet additional criteria in order to qualify for a loan. Iowa Student Loan reserves the right to change the list of criteria in any way from time to time.
Borrowers may refinance the following loan types into the Reset Loan:
Consumer loans, such as those used to attend coding bootcamps or other specialized training, are not eligible to be refinanced in a Reset Loan.
This loan must be:
The following features may be available to Reset Loan borrowers.
Reset Loan borrowers can earn a 0.25% interest rate reduction1 when they sign up to have principal and interest payments automatically withdrawn from a checking or savings account using our auto-debit program.
Iowa Student Loan recognizes and appreciates the sacrifices made by members of the military and their families. To assist service members with their student loan, we offer the Iowa Student Loan Armed Forces Interest Reduction Program.
In the unfortunate event of a borrower's death or qualifying total and permanent disability, Iowa Student Loan will forgive the loan and not require cosigners or the borrower's estate to satisfy the loan obligation.
In addition, if a cosigner suffers a qualifying total and permanent disability, Iowa Student Loan will release the cosigner from his or her obligation. In the event of a cosigner's death or qualifying total and permanent disability, the borrower will not be required to find a new cosigner for an existing loan.
Please consult a tax professional or the IRS for information about possible tax consequences of loan forgiveness.
Customer service for your Reset Loan will be provided by Aspire Servicing Center, a wholly owned subsidiary of Iowa Student Loan.
1 The 0.25% interest rate reduction will apply to loans once payments begin to be automatically deducted. The reduction will remain in effect as long as automatic payments continue without interruption during the repayment period. The 0.25% interest rate reduction will not lower the monthly payment amount but will instead reduce the interest amount that accrues. The interest rate reduction will be suspended during approved assistance or if automatic payments are rejected due to insufficient funds.
If you are creating or accessing an online account through this website, additional terms and conditions apply. By accessing or creating your account, you indicate your acceptance of these terms and conditions.
This website is provided to you by Iowa Student Loan Liquidity Corporation and its affiliates ("we," "us," "our" or "Iowa Student Loan").
You agree to comply with all applicable local, state, national, and international laws and regulations when you use our website. Unauthorized use of this website or our systems including, but not limited to, unauthorized entry into our systems, misuse of passwords, or misuse of any information posted on our website is strictly prohibited. You agree not to submit any Trojan horses, viruses, worms or other programs intended to interfere with any transactions or the normal operation of the website.
You agree not to use robots, spiders, or other processes (manual or automated) to monitor or reproduce content or information from the website without our prior express written consent.
You agree to provide current, accurate, and complete information about yourself when you apply for a loan or service using the website. Iowa Student Loan may decline your loan application or terminate your use of the website if we believe that any information you provide about yourself is untrue, or the form has been altered. Any requests and/or submitted applications must first be reviewed and approved by us before becoming effective. You do not automatically qualify for financial aid by merely submitting any of the forms which we may provide through the website. You must contact the financial aid office at your school or us to obtain a student loan. When indicated, you may print and return a completed form to us depending on the type of student aid involved.
Users shall not transmit any materials or information to this site which infringes on any copyright or other proprietary rights of any other person or entity. Users are responsible for respecting and adhering to state, federal and international laws. Any attempt to break these laws may result in litigation against the offender by the proper authorities. We will fully comply with the authorities to provide any information necessary for the litigation process.
You may first have to register and obtain a form of user identification and password to use certain services and features on the website. You are responsible to maintain the secrecy and confidentiality of any user identification information and passcode we give you. You agree not to permit any person to use your passcode, method of identification, or other form of identification we provide you. If you do, you agree to be liable for any transactions that person makes, even if you did not intend for them to do so. You agree to immediately notify us if the security or confidentiality of your account, passcode, or any other form of user identification is breached, or if you believe that your account has been subject to unauthorized use. You agree that we may terminate your passcode, user identification, or use of the website for any reason, in our sole discretion.
We seek to provide accurate and reliable information on our website, but we do not warrant its accuracy, completeness, or timeliness. Any calculations you obtain by using any tools or services provided on our website are provided only as estimates. Any resulting calculations could vary significantly from the actual loan payments you may owe because of your lender's actual method of calculation or a change in your financial condition. We shall not be liable for your default on a loan or any damages resulting from reliance on the information provided through our website.
We may change or discontinue the information, products, or services that we offer on the website at any time without prior notice to you and without any liability to you. Any dated information is published as of its date only, and we do not undertake any obligation or responsibility to update or amend it.
The content of the website, including its text, images, notice, software code (including html computer programs), logos, graphics, and other content are protected by applicable copyright, patent, trademark, and other laws. Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by Iowa Student Loan unless otherwise indicated. Iowa Student Loan, Iowa Student Loan Liquidity Corporation, Student Loan Game Plan, Partnership Advance Education Loan and Iowa Alliance Private Student Loan Program are registered trademarks and service marks of Iowa Student Loan. III and the three column design are the trademarks and service marks of Iowa Student Loan. Other featured words or symbols, used to identify the source of goods and services, may be the trademarks of their respective owners.
You may not copy, download, redisplay, distribute, modify, repost, reproduce, transmit, create a derivative work from the content of this website or otherwise use it for any public or commercial purpose without our express written consent.
This website may contain links to websites controlled or offered by third parties. We hereby disclaim liability for any information, materials, products or services posted or offered at any of the third party sites linked to this website. By creating a link to a third party website, we do not endorse or recommend any products or services offered or information contained at that website, and disclaim any liability for products or services offered or advertised at those sites.
You understand and agree that your use of the website and the services provided herein is at your own risk. This website is provided on an "as is" and "as available" basis. We make no warranties or representations to you regarding this website or the information, software, functions, processes or other content herein. We expressly disclaim all warranties and representations of any kind with regard to the website and the services we provide, including any implied warranties of merchantability, fitness for any particular purpose, non-infringement, or freedom from viruses or other harmful code. We shall not be liable for any unavailability, delay, difficulty in use, incomplete or inaccurate information, computer viruses, malicious code or other defect in this website, or for the incompatibility between this website and files and the user's browser or other site-accessing program. We will not be liable for any other problems experienced by the user due to causes beyond our control. No license to the user is implied in these disclaimers.
Under no circumstances will we be liable for any lost profits, lost opportunity or any direct, indirect, consequential, incidental, special, punitive or exemplary damages arising out of your use of or inability to use the website or any of our services, even if we have been apprised of the likelihood of such damages occurring and regardless of the form of action, whether in contract, warranty, tort (including negligence), strict liability, or otherwise. If you live in a jurisdiction that does not allow for disclaimers and limitations of liability to the full extent described above, and these disclaimers and limitations are held to be invalid or unenforceable, you agree that the maximum liability of Iowa Student Loan, its officers, directors, employees, and agents for losses and damages shall not exceed $250.00.
Copyright ©2017 Iowa Student Loan Liquidity Corporation®, All Rights Reserved
Your privacy and security are very important to us. View our Customer Privacy Notice and our Online Privacy Statement to learn more about how we collect, use, disclose and secure information about you.
Iowa Student Loan will not request personal information, such as account numbers, passwords, personal identification information or other confidential customer information, by email or text messaging.
Fraudulent emails may appear as though they come from Iowa Student Loan. Do not respond to any email communications that request any type of personal or confidential information, and do not go to or select any links provided in such an email.
If Iowa Student Loan needs to contact you, it will be done in a manner that protects your personal and confidential information, and the company will clearly identify itself. Iowa Student Loan works hard to protect your confidential information.
Visit Iowa Student Loan's Identity Theft and Online Fraud page to learn more about how to protect yourself from these risks and what to do if you suspect you are a victim.
If you have questions about this privacy and customer awareness information, please contact:
Iowa Student Loan
P.O. Box 659704
West Des Moines, IA 50265-0970
(800) 507-3814 or firstname.lastname@example.org
Revision date: March 31, 2016
See previous version. (PDF)
This website is provided by Iowa Student Loan Liquidity Corporation and its affiliates ("we," "us," "our" or "Iowa Student Loan").
We understand that you are concerned about the privacy and security of your personal information. This Online Privacy Statement ("Privacy Statement") applies to the information we collect from you online when you visit a website provided by us. The amount, type, and use of the information we receive depends on how you use this website. Your activities on this website may also be governed by the Iowa Student Loan Customer Privacy Notice that describes how consumer information you may provide to Iowa Student Loan is collected, used, and retained. By using this website, you accept the Privacy Statement.
We collect personal information that you provide to us through electronic mail, electronic website forms, and other electronic means. "Personal Information" means information that can specifically identify you, such as your name, phone number, address, email address, date of birth, account number, Social Security number, driver's license number, or other identification document. If you are applying for employment, Personal Information may also include resumes, cover letters, and other employment information.
We may use Personal Information to:
We may collect information about you from third parties when you apply for loans. This information may include credit checks from national consumer reporting agencies. This information is used by us for the purposes outlined in the Privacy Statement.
We may use Personal Information as a part of the recruitment and hiring process and to satisfy our legal obligations in relation to these processes. We may collect information about you from third parties when you apply for employment. This information may include credit reports, background checks, and reference checks from national consumer reporting agencies, background check service providers, and your references. We use this information for the purposes outlined in the Privacy Statement.
Keeping your account information up-to-date is important. You may review or update certain account information by logging in to Account Access. If you encounter information that cannot be changed online or if you prefer to request changes offline, you may contact our office by calling or writing to us using the contact information listed on the Contact Us section of our website or by using the contact information listed on your billing statements or other documents we send to you.
We may use session cookies or persistent cookies. Session cookies are temporary and are deleted after you close your Web browser. Session cookies do not collect personally identifying information from your computer. Among other uses, session cookies allow us to deliver content specific to your interests and to improve website navigation. We use persistent cookies for customer protection, as part of our authentication technology. Persistent cookies assist in verifying the identity of a customer who is attempting to log in to an account.
Web beacons are objects embedded into Web pages that allow a website to count users and determine how long users view Web pages. We use Web beacons for site traffic reporting, unique visitor counts, auditing and reporting, personalization, and other functions.
Log information may include Web requests, domain name and host, Internet Protocol address, your Internet service provider, referring website, operating system, browser type, browser language, date and time of your request, and cookies that may uniquely identify your browser. We use this information to enhance the functionality of the website and to make your access more convenient, secure, and efficient. We may also use this information to develop group profiles of its website visitors, to assist with systems administration, to resolve problems, and to prevent fraud.
You may stop your browser from accepting cookies or Web beacons. The Help portion of your browser should explain how to configure your browser's cookie handling. Your browser may have add-ons that may help you block Web beacons. You may have limited functionality if you block cookies or Web beacons set by this website.
We disclose Personal Information to accomplish the uses, purposes, and sharing outlined in the Privacy Statement.
We disclose Personal Information to our affiliated companies, individuals, and third parties that perform services and functions on its behalf under confidentiality agreements. These entities include, but are not limited to, financial institutions; auditors; background and credit check organizations; fraud prevention service providers; marketing service providers; database managers; customer service providers and representatives; debt collectors; and others who perform technical, logistical, financial, tax, legal, compliance, or administrative functions on our behalf. They may perform functions including, but not limited to, providing products and services; analyzing data; supplying marketing assistance; providing search results and links; sending postal mail and email; providing background and credit checks; providing fraud checks; providing customer service; supplying marketing assistance; assisting in debt collections; and providing other financial, technical, logistical, tax, legal, compliance, or administrative functions.
In addition, we may disclose Personal Information where:
We may share aggregate or statistical data with third parties for public relations or other purposes.
We may contact you or send you information about new products or services or upcoming events. If you do not want to receive information about products, services, or events, you may send an email to email@example.com or use the information in the Contact Information section below to contact us. If possible, please provide your exact name and address or email address as it appears on any mailings you have received from us. Your election not to receive information does not change our ability to send you information about your account with us.
We protect your Personal Information by maintaining administrative and technical safeguards. We train our employees in the proper handling of Personal Information. When we use other companies to provide services, we require them to protect the confidentiality of any Personal Information they may receive. We combine these technical safeguards with physical safeguards and employee policies to protect your information.
We do not knowingly collect, maintain, or use personal information from our websites about children under age 13. If you are under age 13, do not share Personal Information with us.
We may change the Privacy Statement on one or more occasions by posting a revised Privacy Statement on this website or a website replacing this website. Any changes to this Online Privacy Statement will become effective when posted unless indicated otherwise. You agree to check back frequently to review any revisions to the Privacy Statement.
If you have questions about this Online Privacy Statement, please contact:
See previous verion. (PDF)
Printable version (PDF)
Identity theft occurs when someone unlawfully obtains your personal information with the intent to commit fraud. Information such as your name, date of birth, Social Security number and mother's maiden name can help a thief impersonate another individual. Once thieves have access to this information, they can commit different kinds of fraud, including accessing bank accounts, obtaining loans, making purchases, even securing employment and obtaining health care under a false identity.
We work hard to safeguard your personal information. However, customer awareness is an important component of protecting yourself from this crime.
You need to constantly protect yourself from email and Internet fraud, just as you do from identity theft. You wouldn't give your credit card to a person you don't trust. In the same vein, you should never trust your personal contact or account information to a website that does not provide a secure encrypted connection.
If you get an email or pop-up message asking for personal or financial information, do not reply and do not select any links in the message. Legitimate companies don't ask for this information through email. If you are concerned about your account, contact the organization mentioned in the email using a telephone number you know to be genuine or open a new Internet browser session and type in the company's correct Web address yourself. Don't cut and paste the link from the message into your Internet browser — thieves can make links that appear to go to a legitimate address but that actually send you to a different site.
For more information about identity theft and other tips on how to protect yourself and your information, please visit the following websites.
Note: Selecting the links below will take you away from our website.
If you suspect fraudulent activity on your account with us:
Fraud alerts can help prevent an identity thief from opening more accounts in your name. Contact any of the three consumer reporting agencies below to place a fraud alert on your credit report. You only need to contact one of the three agencies to place an alert. The company you call is required to contact the other two, which will place an alert on their versions of your report too. If you do not receive a confirmation from an agency, you should contact that agency directly to place a fraud alert.
Innovis does not share fraud alert information with any other credit reporting agency. To place a fraud alert on your credit report with Innovis, please use the following information:
Once you place the fraud alert on your file, you're entitled to order one free copy of your credit report from Equifax, Experian and TransUnion, and, if you ask, only the last four digits of your Social Security number will appear on your credit reports. (Innovis may charge a fee to issue a copy of your credit report.) Once you get your credit reports, review them carefully. Look for inquiries from companies you haven't contacted, accounts you didn't open and debts on your accounts that you can't explain. Check that information like your Social Security number, address(es), name or initials, and employers are correct. If you find fraudulent or inaccurate information, contact the credit reporting agencies for information on how to get it removed.
Continue to check your credit reports periodically, especially for the first year after you discover the identity theft, to make sure no new fraudulent activity has occurred.
Visit the FTC Consumer Information site and www.stopfraud.gov to learn more about online fraud and identity theft.
Remember, even if you are not a victim of identity theft, you can still review your credit reports for accuracy free annually. Each of the major national consumer reporting agencies are required by federal law to provide you with a free copy of your credit report at your request once every 12 months. Obtain a free copy of your report at www.annualcreditreport.com.
You may not be able to access certain tools or applications on this website with unsupported web browser versions. If you are not using a supported browser or experience difficulties accessing any part of the site, please upgrade your web browser.
These browser requirements help protect your personal information.
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