iowastudentloan.org Apply for Private Student Loans United States of America : Iowa Student Loan

Name of the Organization : Iowa Student Loan
Type of Facility : Apply for Private Student Loans
State : Iowa
Country : United States of America

Website : http://www.iowastudentloan.org/private-student-loans/private-student-loans.aspx

Apply for Private Student Loans :

** Private student loans are supplemental loans that are intended to fill any gaps in funding college after all other financial aid resources — scholarships, grants, work-study and federal student loans — as well as earnings and savings have been exhausted.

Related :  U.S. Department of Education’s National Student Loan Data System USA : www.statusin.org/7070.html

** Like federal student loans, private loans must be repaid with interest.
** While federal loan rates, terms and other details are set by the government, individual lenders set the rates, terms, criteria and other details for private student loans.
** Student loans should be used for education costs only.
** Remember that every dollar you borrow now must be repaid later with interest and possibly other fees.

Looking for a Private Student Loan?
** We proudly offer the Partnership Advance Education Loan® (Partnership Loan) to help you with any college funding shortfall.

** This private student loan features both fixed and variable interest rate options with different in-school payment choices for undergraduate and graduate students.
** Students may need a cosigner to qualify for the Partnership Loan, but applicants who meet the underwriting and credit criteria are not required to provide cosigners.
** Iowa Student Loan has offered private student loans for more than 20 years.

** During that time, we have helped approximately 120,000 students obtain the additional funding necessary to achieve their postsecondary education goals.
** We work hard to offer education loans with competitive rates and clearly defined terms and conditions that are provided upfront, before a student even begins the application process.
** These loans are subject to credit approval.

Interest Rates, Fees and Benefits :
** Like other loans, private student loans have either a fixed or variable interest rate that is set by the lender.
** If you take out a Partnership Loan from Iowa Student Loan, you choose either a fixed or a variable interest rate and select your preferred repayment option when you apply.

** Interest accrues daily on student loans.
** Private student loan borrowers may be charged fees, such as an origination or late fee, but may also qualify for benefits, such as interest rate or principal balance reductions and cosigner releases.

Repayment :
** Depending on the terms of the private student loan you choose, you may need to make some sort of monthly payment while in school — such as interest-only payments — or you may defer any repayment until after you graduate.

** Deferring payments for an extended period of time, such as postponing payments while you’re in school, may substantially increase your loan balance before any payments are due because of interest that accrues during deferment.

** We strongly encourage you to make payments that at least cover your accrued interest to avoid increases in your loan balance.

Cosigners :
** Traditional-age college students may need cosigners to qualify for a private student loan if they don’t have the credit history to qualify for the loan on their own.
** Even if a borrower can qualify for a private student loan on his or her own merit, a cosigner may help the borrower qualify for a loan with a lower interest rate.

Contact Address :
6775 Vista Drive
West Des Moines, IA 50266-9305
8 a.m. – 4:30 p.m. Mon. – Fri.