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Iowa College Student Aid Commission
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Home | Default Prevention
Default Prevention
Products and services are available to help student loan borrowers avoid the serious consequences of default. From making responsible borrowing decisions while in college to successful repayment, assistance is available to help borrowers throughout the student loan process.
Products and services are available to help student loan borrowers avoid the serious consequences of default. From making responsible borrowing decisions while in college to successful repayment, assistance is available to help borrowers throughout the student loan process.
Buttonwood™
Buttonwood™ is a web-based personal finance and student loan management platform for college students. The program addresses over 600 key financial literacy concepts, contained in seven modules, with a focus on financial aid and loan default prevention. The experience is personalized for each user, allowing them to make financial decisions in the virtual environments which directly reflect their real-life situation. Variables, such as enrollment status, marital status, location, debt level and more are taken into consideration by the system when adapting the users experience. Buttonwood™, accessible through www.IHaveAPlanIowa.gov, is free to Iowa higher education institutions and students through a partnership between Iowa College Aid and EverFi, Inc. Read More
Publications
Iowa College Aid publications help students prepare for student loan repayment and avoid the serious consequences of default. These publications are free to students, families, educators and college professionals. Read More
Solution Finder
Iowa College Aid partners with Student Loan Counseling Service, Inc. to provide student loan borrowers the tools they need to avoid student loan default. Borrowers who are experiencing difficulty repaying their loans are given solutions based on their individual situation. Read More
Borrower Information
Federal student loans can be very useful in helping cover education and living expenses, but it is important to keep in mind that loans must be repaid. Borrowers need to understand the responsibility that comes with student loan debt because their borrowing decisions will impact their ability to meet future financial obligations. The articles below can help borrowers learn more about responsible borrowing and successful repayment.
Buttonwood™ is a web-based personal finance and student loan management platform for college students. The program addresses over 600 key financial literacy concepts, contained in seven modules, with a focus on financial aid and loan default prevention. The experience is personalized for each user, allowing them to make financial decisions in the virtual environments which directly reflect their real-life situation. Variables, such as enrollment status, marital status, location, debt level and more are taken into consideration by the system when adapting the users experience. Buttonwood™, accessible through www.IHaveAPlanIowa.gov, is free to Iowa higher education institutions and students through a partnership between Iowa College Aid and EverFi, Inc. Read More
Publications
Iowa College Aid publications help students prepare for student loan repayment and avoid the serious consequences of default. These publications are free to students, families, educators and college professionals. Read More
Solution Finder
Iowa College Aid partners with Student Loan Counseling Service, Inc. to provide student loan borrowers the tools they need to avoid student loan default. Borrowers who are experiencing difficulty repaying their loans are given solutions based on their individual situation. Read More
Borrower Information
Federal student loans can be very useful in helping cover education and living expenses, but it is important to keep in mind that loans must be repaid. Borrowers need to understand the responsibility that comes with student loan debt because their borrowing decisions will impact their ability to meet future financial obligations. The articles below can help borrowers learn more about responsible borrowing and successful repayment.
| Consequences of Default | Effects of Over-borrowing | Preparing a Budget |
| Difficulty Paying | Making Payments | Value of Completing a Degree |
Any borrower experiencing difficulty making on-time payments should immediately contact their loan holder to discuss alternatives to missing a payment.