Supplemental Private Loans
We use our nonprofit status and access to tax-exempt bonds to offer supplemental private loans with competitive rates and a variety of repayment options to help students and their families as well as those who are out of college and looking to improve student loan repayment.
Private Student Loans
As a nonprofit, Iowa Student Loan has the ability to issue federally tax-exempt Private Activity Bonds, in the form of Qualified Student Loan Bonds (QSLBs). We issue these tax-exempt bonds to fund competitively priced loans, which are a key way we help Iowa students and families obtain the resources necessary to succeed in postsecondary education. We issue taxable bonds to fund loans with no Iowa connection.
As a nonprofit, we also have the ability to invest our resources into borrowers. In the recent past, that has meant helping shortage area workers in the state — specifically teachers and nurses — with grants and loan forgiveness programs. We also honor the sacrifices our borrowers serving in the military make by reducing the interest rates on their private loans while they serve.