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Year in Review
The 2012 year in review (PDF), "Empowering Students to Reach Their Life Goals," is a comprehensive summary of the activities Iowa Student Loan undertook in 2012 to fulfill its nonprofit mission of helping students and families obtain the resources necessary to succeed in postsecondary education. The annual report is required by Iowa Code Section 7C.13(2).
For Iowa Student Loan, 2012 symbolized the culmination of work and preparation on several initiatives to provide improved programs and services to help Iowans reach their life goals.
In 2012, Iowa Student Loan focused its efforts on:
- Empowering students before college by providing a free money management program for Iowa middle schools; promoting the 2012 National Financial Capability Challenge; addressing student indebtedness with our online tutorial, Student Loan Game PlanSM; and helping to fund college planning services.
- Empowering students during college by providing them transparent and competitive supplemental funding options and educating Iowa college students on financial literacy topics.
- Empowering students after college by taking a counseling approach when helping delinquent borrowers; offering a variety of repayment assistance and career and financial resources; and making sizable contributions to the community in the form of grants, loan forgiveness, interest reduction benefits and college planning support.
One of the biggest accomplishments of 2012 was Iowa Student Loan's wholly owned subsidiary, Aspire Resources Inc.SM, becoming a member of the U.S. Department of Education's federal loan servicing team. By the end of the year, Aspire had begun providing customer service to more than 320,000 federal loan borrowers, resulting in 91 new jobs for Iowans.
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