Be a Smart Consumer
You will benefit, no matter the purchase or financial transaction, from doing your homework beforehand and being proactive throughout the process. So it only makes sense to be a smart consumer when it comes to your student loan by:
- Understanding the terms of your promissory note or credit agreement, which outlines your responsibilities as a borrower.
- Remaining current on your monthly loan payments.
- Informing Iowa Student Loan if you change your name, address, phone number or enrollment status.
- Knowing the consequences of default.