This scholarship program, new in 2023–2024, combines the former Save Now, Save Later: College Savings Plan Parent Giveaway and the Iowa Financial Know-How Challenge: Senior Scholarship. Since 2014, nearly 600 Iowa high school students and parents and guardians received nearly $850,000 in awards through those two programs.
The ISL Education Lending Scholarship awards deposits into College Savings Iowa accounts to Iowa high school students, undergraduate college students and their parents and guardians through a random drawing of registrants.
With two registration periods per academic year, the ISL Education Lending Scholarship reaches students from ninth grade through undergraduate college and the people who are helping them plan for and pay for education after high school. Each participant receives emailed tips to help them in that endeavor without borrowing too much to repay.