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Iowa Student Loan Review

Iowa Student Loan Corporation is not a participating lender with Edvisors®. This review is an evaluation from which we do not receive any compensation. However, we do recommend a number of other lenders which we partner with on our websites and with whom we may receive compensation.

Who is Iowa Student Loan Corporation (ISL)?

Iowa Student Loan (ISL) was created in 1979 and offers a variety of student loan products from private loans all the way to scholarships. In 40 years, Iowa Student Loan Co. has grown to manage $2.6 billion in student loans. Iowa Student Loan Corporation operates as a 501 (c)(3) tax-exempt, non-profit organization.

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Iowa Student Loans (ISL)

Iowa Student Loans, or ISL, offers loans for undergraduate and graduate students throughout the country. In addition to in-school loans, the company also provides student loan refinancing with their Reset Refinance Loan.

Undergraduate and Graduate Student Loans

ISL offers both traditional private student loans, as well as a no-cosigner private student loan options. Their Partnership Advance Education Loan is a national loan for undergraduate students and cosigners. And their Partnership No-Cosigner Loan is for full-time college juniors or higher (including graduate students) enrolled at an Iowa college or university who meet specific criteria. These loans can help pay for tuition, books, fees, and other expenses. Interest rates can be either fixed or variable.

Undergraduate and graduate student loans come with three repayment options:

  • Immediate payment: Make payments while still in school
  • Interest-only payments: Make payments on your student loan interest only while in college
  • Deferred payment option: Defer your payments until after college

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Recommendation
Best for Private Loans
Interest Rates

Variable Rates: 1.13% APR - 11.23% APR1

Fixed Rates: 4.25% APR - 12.59% APR1

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N/A

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Variable rates as low as: 1.04% APR1

Fixed rates as low as: 3.34% APR1

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Variable: 1.24% APR - 11.99% APR2

Fixed: 4.24% APR - 12.59% APR2

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Best for Private Loans
Interest Rates

Variable rates as low as: 2.13% APR1

Fixed rates as low as: 3.58% APR1

Repayment Terms

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Recommendation
Best for Private Loans
Interest Rates

Variable rates as low as: 1.04% APR1

Fixed rates as low as: 3.34% APR1

Repayment Terms

5, 7, 10, 12 or 15 years

Recommendation
Best for Private Loans
Interest Rates

Variable as low as: 4.13% APR1

Fixed as low as: 3.99% APR1

Repayment Terms

5, 10 or 15 years

Parent/Family Loan

The College Family Loan is designed for parents and family members who wish to help an undergraduate or graduate student finance their college education.

The College Family Loan comes with three repayment options:

  • Immediate payment: Make payments while still in school
  • Interest-only payments: Make payments on your student loan interest only while in college
  • Deferred payment option: Defer your payments until after college

What is Iowa Student Loan (ISL) Refinancing?

Iowa Student Loan offers the Reset Refinance Loan with competitive fixed rates, no origination fees, pre-payment fees, or late fees. There are student loan refinance products available for:

  • Student Loans
  • Parent Loans
  • Medical Residents
  • Medical and Dental Professionals
  • In-School Students

Could student loan refinancing save you money?

In-School Refinance

The Reset Refinance Loan for In-School Borrowers is available to current students or parents who wish to refinance their current student loan for a lower interest rate. ISL is one of the only lenders that provides this option. Most lenders require you to wait until you have finished school to refinance. With ISL you can get your rate in less than a minute without impacting your credit score. Apply with a cosigner for the best possible rates.

Student Loan Refinance

The Reset Refinance loan is available to college graduates wishing to refinance their student loans for a better interest rate. With ISL you can get your rate in less than a minute without affecting your credit score. Apply with a cosigner for the best possible rates. This loan comes with a fixed interest rate and multiple repayment options to choose from.

Parent Loan Refinance

You can refinance Parent PLUS Loans, as well as private student loans, for a better interest rate with ISL. The parent refinance loan is available with a fixed interest rate and multiple repayment options. There is no origination fee and there are no prepayment penalties or late charges. Pre-qualify online without impacting your credit score.

Medical Professional Refinance

The Reset Refinance Loan for Medical and Dental professionals is intended to help those with medical or dental school debt refinance their student loans for a lower interest rate. These fixed rate loans offer multiple repayment options and no origination, prepayment fees or penalties. Pre-qualify online without impacting your credit score.

Medical Resident Refinance

The Reset Refinance loan for Medical Residents is geared toward helping future doctors lower their student loan interest rate while in residency. This option allows the borrow to make a low monthly payment of $75 throughout residency and fellowship. This loan also features a fixed interest rate, multiple repayment options and no origination or prepayment fees or late charges.

Pros Cons
Non-profit lender offering competitive rates Some products limited to 
 You can utilize two cosigners Must have 670-700 FICO Score
 No origination, application, prepayment or late fees Most loan products offer fixed rates only
 24-month cosigner release  

Iowa Student Loan Corporation Customer Service

Iowa Student Loan Corp has a variety of customer service options available in the form of a phone call Monday-Friday, email, physical locations, fax and mail depending on what you may need assistance with.

Iowa Student Loan Corporation Headquarters

Iowa Student Loan Liquidity Corporation headquarters are in West Des Moines, Iowa.

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