Iowa Alliance Private Student Loan Program
The Iowa Alliance Private Student Loan ProgramSM (Iowa Alliance Loan) is provided by Iowa Student Loan and its partnering lending institutions.
To be eligible for this private education loan program, you must:
- Be at least 18 years of age at the time of application.
- Be making satisfactory academic progress.
- Be attending and enrolled at least half time at a nonprofit Title IV eligible, degree-granting, regionally accredited college or university or a nonprofit school of nursing in Iowa.
- Be a citizen or permanent resident of the United States.
- Meet additional underwriting criteria.
If you cannot meet these qualifications, please discuss your options with your financial aid office.
At a Glance
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Partnering Lending Institutions
At this time, the following lenders partner with Iowa Student Loan on the Iowa Alliance Loan.
| Iowa Alliance Loan Partnering Lending Institutions
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| American State Bank (Osceola) |
Manufacturers Bank & Trust (Forest City) |
| American Trust & Savings Bank (Dubuque) |
MidWestOne Bank (Iowa City) |
| Bankers Trust Co., N.A. (Des Moines) |
Modern Woodmen Bank (Rock Island) |
| C US Bank (Cresco) |
Northwest Bank (Spencer) |
| Cedar Rapids Bank & Trust Co. (Cedar Rapids) |
Patriot Bank (Brooklyn) |
| Crawford County Trust and Savings Bank (Denison) |
Shelby County State Bank (Harlan) |
| Fairfax State Savings Bank (Fairfax) |
Sibley State Bank (Sibley) |
| Great Southern Bank (Sioux City) |
Treynor State Bank (Treynor) |
| Guthrie County State Bank (Panora) |
West Bank (West Des Moines) |
| Heartland Bank (Somers) |
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1 This annual percentage rate (APR) is based on borrowing $10,000 on Aug. 1, 2009, deferring interest and principal until Oct. 30, 2013, and maintaining a constant interest rate on a variable rate loan of 4.95% during the 51-month interim and 240-month repayment periods. APR examples are based on quarterly interest rates Oct. 1 – Dec. 31, 2009.
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