About Iowa Student Loan

Iowa Student Loan was established in 1979 as a private, nonprofit corporation with a mission to help Iowa students and families obtain the resources necessary to succeed in postsecondary education. Since then, Iowa Student Loan has helped more than 260,000 students pay for college.

The company is based in West Des Moines, Iowa, and employs 315 employees. Today, Iowa Student Loan manages more than $3.7 billion in student loans. The corporation is self-funded and self-capitalized. It is governed by a Board of Directors that, since its inception, have been appointed by the Governor of Iowa. Iowa Student Loan does not have shareholders nor does it receive state appropriations.

Operating as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, Iowa Student Loan is subject to strict regulation of its exempt purpose and use of funds. No funds may be used for the private benefit of any officer or director of the company.