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Scholarships and Programs

Scholarships and programs offered by Iowa Student Loan

As part of our mission to help Iowa students and families obtain the resources necessary to succeed in postsecondary education, we reinvest funds in programs designed to benefit Iowa high school and college students and their parents, as well as borrowers serving in critical need areas.

With our expertise in borrowing for college and repaying student loan debt, we look for opportunities to help educate Iowa's students and families on these important concepts.

We offer both ongoing programs and annual programs that occur at different times of the year. Check back often to see if you qualify for current programs as well as new offerings.

Programs for Parents

Save Now, Save Later: College Savings Plan Parent Giveaway
  • Participants: Parents and legal guardians of Iowa students in grades 6–12
  • Awards: Fifty $1,000 deposits into College Savings Iowa accounts
  • Qualification: View the Parent Handbook: Grades 6–12 and register online
  • Registration Open: Fall of each year
  • Goal: Encourage parents to understand how they can assist their students with important choices after high school and set aside funds for education costs

Scholarships and Programs for High Schools and Students

College Funding Forecaster Giveaway
  • Participants: Iowa high school seniors who intend to enroll in college in fall 2019 and their parents and guardians
  • Awards: Ten $1,000 awards paid to the college on behalf of the winning students
  • Qualification: Register online after completing designated component
  • Registration Open: March 18–April 30, 2019
  • Goal: Increase understanding of total college cost over four years
Iowa Financial Know-How Challenge: Senior Scholarship
  • Participants: Iowa high school seniors intending to enroll in college the following fall
  • Awards: College scholarships of $2,000 each for 30 high school seniors and corresponding awards to each of their high schools
  • Qualification: Register online and complete designated components
  • Corresponding Awards to Schools: Each recipient's high school will receive an award to be used toward financial literacy programs and scholarship funds
  • Registration Open: Oct. 22, 2018–Feb. 22, 2019
  • Goal: Increase understanding of essential financial and borrowing concepts
Come 2 Iowa Senior Scholarship
  • Participants: High school seniors from Illinois, Minnesota, Missouri, Nebraska, South Dakota or Wisconsin intending to attend college in Iowa the following fall
  • Awards: Five $1,000 scholarships
  • Qualification: Register online
  • Registration Open: Early spring annually
  • Goal: Increase understanding of essential financial and borrowing concepts

Military Programs

Armed Forces Interest Reduction

Iowa Student Loan recognizes and appreciates the sacrifices made by members of the military and their families and offers ways for those members to reduce interest rates and postpone payments.

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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.