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Iowa College Student Aid Commission
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Student Loan Programs
Student loans are available to students and parents to cover educational expenses. When all other forms of aid have been exhausted, student loans can be a good option. However, it is important to remember that student loans are intended to finance education and not lifestyle. Student loans are real money that must be repaid, with interest, so students should borrow only what they need.
Student loans are available to students and parents to cover educational expenses. When all other forms of aid have been exhausted, student loans can be a good option. However, it is important to remember that student loans are intended to finance education and not lifestyle. Student loans are real money that must be repaid, with interest, so students should borrow only what they need.
Federal Perkins Loans
Perkins Loans are based on financial need and are awarded and borrowed directly from a college or university using federal funds. Read More
Federal Stafford Loans
Federal Stafford Loans are the most common student loans. These loan funds are provided by the U.S. Department of Education. There are two types of Federal Stafford Loans, subsidized and unsubsidized. Read More
Parent PLUS Loans
Parent PLUS loans are provided by the U.S. Department of Education to parents of dependent students to cover educational costs. PLUS loans may be borrowed in addition to or instead of Federal Stafford Loans. Read More
Grad PLUS Loans
Grad PLUS loans are provided by the U.S. Department of Education to graduate/professional students to pay unmet educational expenses. They may also be used as an alternative to private student loans.
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Private/Alternative Loans
Private loans are offered by private lenders and are not eligible for any federal student loan benefits, including loan forgiveness programs. Students should exhaust your other financial aid options before taking out a private loan. Read More
Perkins Loans are based on financial need and are awarded and borrowed directly from a college or university using federal funds. Read More
Federal Stafford Loans
Federal Stafford Loans are the most common student loans. These loan funds are provided by the U.S. Department of Education. There are two types of Federal Stafford Loans, subsidized and unsubsidized. Read More
Parent PLUS Loans
Parent PLUS loans are provided by the U.S. Department of Education to parents of dependent students to cover educational costs. PLUS loans may be borrowed in addition to or instead of Federal Stafford Loans. Read More
Grad PLUS Loans
Grad PLUS loans are provided by the U.S. Department of Education to graduate/professional students to pay unmet educational expenses. They may also be used as an alternative to private student loans.
Read More
Private/Alternative Loans
Private loans are offered by private lenders and are not eligible for any federal student loan benefits, including loan forgiveness programs. Students should exhaust your other financial aid options before taking out a private loan. Read More
For additional information on student loans, visit www.studentloans.gov.