Iowa State Bank has partnered with ISL Education Lending to help customers with college expenses. Through this partnership, we are able to offer three types of loans for college financing. There are no origination or late fees associated with any of these loans.

To learn more or apply, visit our website at https://www.bankisb.com/lending/student-loans.

Private Student Loans

The Partnership Advance Education Loan® is a national loan for undergraduate and graduate student borrowers, who may need one or more cosigners.

The College Family Loan® is for parents, family members or friends looking to borrow on behalf of students to help with college expenses or to relieve some of their potential debt. Applicants who do not meet the credit criteria on their own may apply with one or more cosigners.

You can review loan information, including required FICO scores to receive different interest rates, online before you apply. Other features include:

  • Fixed and variable interest rates for the Partnership Loan. The College Family Loan has fixed rates only.
  • Choice of interest-only or full principal and interest payments while enrolled in school or deferred payments until after school.
  • An interest-rate reduction for automatic payments.
Refinance Loans

Refinance loans are available to help you repay existing student loans as well. The Reset Refinance Loan® offers the opportunity to simplify repayment and lower:

  • The interest rate you pay on student loan debt.
  • The amount you will pay over time through shorter repayment terms or lower rates or a combination of both.
  • Monthly payment amounts through a longer repayment term.

As with the other loans, eligibility and credit criteria requirements are provided upfront and in clearly defined language online. You may complete a simple pre-qualification step to see the rates you may qualify for without impacting your credit score.