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Iowa Student Loans

Iowa is full of intelligent students full of vigor and drive who desire to achieve a degree through an institute of higher learning. There are also a number of highly respected colleges and universities in the state. Of course, many individuals, despite their abilities and wishes, see attendance at these prestigious schools as only a dream due to the prohibitive cost of a higher education. In order to make this dream a reality, Iowa student loans have been created, and many are available through the Iowa Student Aid Commission, a government sanctioned agency devoted to finding funding for Iowa students.

The major lending partner of this commission is the Iowa Student Loan Liquidity Corporation, which in turn has created the Partnership Loan Program that offers a variety of low-interest, long-term loans to fit a number of students and their particular situations. While these loans are credit based, it is not difficult to get approved as long as you have a cosigner with good credit. Some of the specific options include:

 

The Partnership Loan — for a wide audience attending a college or university in Iowa and requiring no repayment of principal or interest for six months beyond graduation.

The Parent Partnership Loan — for parents of students with a choice of fixed or variable interest rates.

The Partnership Law Loan — specifically for financially strapped law students, as an auxiliary loan with the same terms as the Partnership Loan.

The Partnership Law Exam Loan — specifically for students studying to take the bar exam.

The Health Degree Loan — a program with three separate options to cover medical degree programs based on degree type and type of interest rate.

The Health Degree Extra Loan — to assist in covering travel expenses and other costly fees during residency programs.

Canadian Partner Loans — as the title suggests, for Canadian students wishing to study in Iowa (students must have a co-borrower who is a US citizen).

The International Partnership Loan — designed with the same terms as the Canadian loan but for other international students (a US citizen is still required as a cosigner for the loan).

Paying for school is not easy, but we are here to help. OEDb's student finance section will help you find the money you need to pay your tuition and other college expenses. We cover scholarships, college grants, and student loans. Scholarships and grants are both forms of "free money", meaning they don't need to be paid back. Scholarships are typically awarded by businesses or individuals, with the money being earmarked specifically for tuition. They can be awarded based on a student's location or by religious affiliation, such as Catholicism or Islam. Grants are typically awarded by governments or non-profit organizations and the money often can be applied to several different expenses a student may incur, not solely tuition. They can be awarded based on location or ethnicity, for instance African American or Hispanic. Loans are not considered "free money", because unlike scholarships and grants, they do need to be paid back after graduation. Common federal loans include Perkins and Stafford. Loans are also available by location.