Affordable Education Awaits: Your Partner in Student Loans
Explore college financing with BankIowa's partnership with Iowa Student Loan.* We partner with Iowa Student Loan to provide student loans to support your college expenses and offer solutions to refinance existing student loans. As a trusted Iowa nonprofit and the state's student loan experts, Iowa Student Loan provides competitively priced loans. Our Partnership Advance Education Loan and College Family Loan are tailored to help cover college costs while you or your student are in school.
Student Loan Options
The Partnership Advance Education Loan® is a national loan for undergraduate and graduate student borrowers, who may need one or more cosigners.
With this loan, students choose the type of in-school payment that is best for their financial situation:
• Immediate Payment
• Interest-Only Payment
• Deferred Payment
Borrowers and cosigners can benefit during repayment with:
• An interest rate reduction.
• The opportunity to release cosigners from their obligation.
The College Family Loan® is for parents looking to borrow on behalf of students to help with college expenses or to relieve some of their potential debt. Applicants who do not meet the credit criteria on their own may apply with one or more cosigners.
You can review loan information, including required FICO scores to receive different interest rates, online before you apply. Other features include:
• Fixed interest rates.
• Choice of interest-only or full principal and interest payments while enrolled in school or deferred payments until after school.
• An interest-rate reduction for automatic payments.
Refinance Loans
Refinance loans are available to help you repay existing student loans as well. The Reset Refinance Loan® offers the opportunity to simplify repayment and lower:
• The interest rate you pay on student loan debt.
• The amount you will pay over time through shorter repayment terms or lower rates or a combination of both.
• Monthly payment amounts through a longer repayment term.
As with the other loans, eligibility and credit criteria requirements are provided upfront and in clearly defined language online. You may complete a simple pre-qualification step to see the rates you may qualify for without impacting your credit score.
There are a number of options for refinancing loans based on the borrower’s situation. But all options allow borrowers to refinance one loan or combine multiple loans, including private education loans, previously refinanced or consolidated education loans and federal loans into one new private loan.
FAFSA
Before applying for a private loan, be sure to complete the FAFSA, or Free Application for Federal Student Aid, first. You should also work with our college financial aid office to explore and exhaust all sources of student financial aid before seeking a private student loan.
What is Iowa Student Loan?
*BankIowa is compensated by Iowa Student Loan for the referral of student loan customers.