Program Also Provides Education on College Financing and Planning
Iowa high school and college students, as well as their parents or guardians, have a chance at one of 45 scholarship awards deposited into an ISave 529 (formerly College Savings Iowa) account.Registration for the ISL Education Lending Scholarship is open now through December 2. Registration is available at www.IowaStudentLoan.org/Savings and scholarship recipients will be determined by a random drawing in December."We are a nonprofit and this program is one way we give back to the Iowa community," said Steve McCullough, president and CEO, Iowa Student Loan Liquidity Corporation, which sponsors the scholarship and provides educational funding under the name ISL Education Lending. "Because it's open to high school students of all grade levels, not just seniors, and to college students as well as their parents, it allows us to provide awards to a wider population. In addition, the form of the award - deposits into a college savings account - means that winners can choose to spend it on college expenses when and how it best suits them."The ISL Education Lending Scholarship was initially launched in September 2023. More than 12,000 individuals registered for each of the two program periods in 2023-2024, and all 90 awards were claimed.The ISL Education Lending Scholarship not only provides registrants with a chance at much-needed funds for college, it also provides valuable information about ways to reduce college loan debt through the program. Financial literacy tips are included as part of the registration process, and additional information is available after participants register.Scholarship Details
Forty-five $1,000 awards will be provided as deposits to ISave 529 accounts. The scholarship program is open to Iowa residents who are either:
- Iowa high school students.
- Undergraduate college students.
- Parents, guardians or others who hold an ISave 529 account benefiting an Iowa high school or undergraduate college student.
###This news release is also available online.
About Iowa Student Loan Liquidity Corporation
Established in 1979 as a private, nonprofit organization, Iowa Student Loan Liquidity Corporation helps Iowa students and families obtain the resources necessary to succeed in postsecondary education. ISL has helped nearly 400,000 students pay for college, offering educational loans and other products under the name ISL Education Lending. The organization, based in West Des Moines, Iowa, also provides an array of borrower benefits, financial literacy tools and community reinvestment programs, including support for free college planning services for students and their families. For more information about Iowa Student Loan Liquidity Corporation, visit www.IowaStudentLoan.org.
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