College Family Loan Borrower Guidance Statement - Private Student Loan - Iowa Student Loan
Iowa Student Loan
About Us Careers Contact Us
Iowa Student Loan

Started your application?

Get assistance viewing your application disclosures. If you have loan application questions, call (800) 542-6005 between
8 a.m. and 4:30 p.m. Monday–Friday.

Borrower Guidance Statement

Iowa Student Loan's College Family Loan and Parent Partnership Loan (collectively known as College Family Loans)1 are designed to supplement — not replace — other sources to fill funding gaps for students. Students should work with financial aid professionals at their respective colleges and universities to explore and exhaust all sources of student financial aid — including federal loans for students, which are always better than private loans for students — before seeking other options.

  1. There are loan options for parents, family members and others who wish to borrow money on behalf of a student in order to reduce student borrowing costs. The College Family Loan is one such option.
    • The College Family Loan is a private loan available to any creditworthy applicants or applicants with creditworthy cosigners to assist students with educational expenses. Students cannot apply for or cosign an application for the College Family Loan.
    • Applicants and (when present) cosigners are solely responsible for this loan. The student for whom the loan is being borrowed has no obligation to repay this loan. This loan is NOT transferrable to the student.
    • Parents (biological, adoptive, and in some cases, stepparents) of dependent undergraduate students may be eligible for the Direct PLUS (parent) Loan, a federal loan. The PLUS Loan has some but not all the repayment benefits of federal loans for students. In addition, the PLUS Loan has a higher interest rate than federal loans for students.
  2. Iowa Student Loan publishes all criteria that applicants must meet to obtain the different interest rates and fees for its College Family Loan. Applicants should try to obtain as much information as possible before applying for a private student loan. They should be cautious of lenders who do not follow this practice of providing upfront and transparent interest rates and terms.

Note: If your employer offers the College Family Loan as a benefit, please apply using the web address they provided.

Apply Now for the College Family Loan

How did you learn about the College Family Loan?

Why did you select the College Family Loan?

Are you the biological or adoptive parent of the student?

What state is the student a resident of?

What state is the student's school located in?

Select your state of residence:

Select the state you are currently located in:

1 Qualified applicants will receive either receive a College Family Loan® or a Parent Partnership Loan. The rates, terms and criteria for these loans are identical.

Applicants will receive the College Family Loan if either:

  • The applicant is not a biological or adoptive parent of the student.
  • The applicant is a biological or adoptive parent of the student but the student is not an Iowa resident and is not attending college in Iowa.

Applicants will receive the Parent Partnership Loan if the applicant is a biological or adoptive parent of the student and the student is either an Iowa resident or is attending an Iowa college.

Privacy Terms of Use Identity Theft and Online Fraud

6775 Vista Drive, West Des Moines, IA 50266-9305
Copyright ©2012-2019 Iowa Student Loan®

Use of this site signifies your agreement to the Terms of Use and Online Privacy Statement
To access this website and web-based applications, use web browser versions that meet minimum security requirements. View compatible browsers.

Subject to credit approval, loans are made by Iowa Student Loan or Bank of Lake Mills. Bank of Lake Mills does not have an ownership interest in Iowa Student Loan. Bank of Lake Mills is not affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. Loan servicing, including billing and other customer service, will be provided by Aspire Servicing Center.