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Year in Review
The 2011 year in review (PDF), "Customized Resources for Individual Success," is a comprehensive summary of the activities Iowa Student Loan undertook in 2011 to fulfill its nonprofit mission of providing the resources necessary for students to succeed in postsecondary education. The annual report is required by Iowa Code Section 7C.13(2).
In recent years, economic and congressional changes have affected how students and families plan for, pay for and access college. Guided by strong board leadership, Iowa Student Loan has adapted its products and services to meet the individual needs of its customers. In the end, it strives to match customized resources to the needs of students, schools and lenders.
In 2011, Iowa Student Loan focused its efforts on:
- Helping students plan and borrow wisely through its innovative online financial literacy tool, Student Loan Game PlanSM, and other initiatives.
- Filling a student funding gap by refinancing its debt and issuing tax-exempt bonds in order to offer two variable-rate supplemental private student loan options.
- Seeing borrowers through repayment by continuing loan counseling and outreach efforts, such as creating a suite of career services for 2012.
- Supporting those who support communities through several reinvestment initiatives, including grant programs for nurse educators and teachers.
In addition, Iowa Student Loan and its wholly owned, for-profit subsidiary, Aspire Resources Inc.SM, spent much of the year preparing to service an initial allocation of 100,000 federal student loans for the U.S. Department of Education, beginning spring 2012.
These endeavors will only strengthen the customized products and services Iowa Student Loan provides, as well as broaden their positive impact on students and families across the country.
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