College Savings Program for Iowa Students and Parents Closes Soon
Program Also Provides Education on College Financing and Planning
October 29, 2024
Iowa high school and college students, as well as their parents or guardians, have a chance at one of 45 awards deposited into an ISave 529 (formerly College Savings Iowa) account. The program is open to students in ninth through 12th grade and undergraduate college students who are Iowa residents.
Registration for the ISL Education Lending Scholarship closes 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.
A student and either a parent or guardian both registering gives the student two chances to win. Online registration is quick and easy. After registering, participants may continue to read three quick college planning and financing tips and answer a multiple choice question on each. For the remainder of the scholarship period, registrants receive emailed information on college planning and financing.
Iowa Student Loan Liquidity Corporation is a nonprofit organization that provides the online resources and scholarship programs as part of its mission. "We are proud our scholarship programs are very well received," said Christine Hensley, board chair of Iowa Student Loan Liquidity Corporation. "But, we do want all Iowa families to know about the free resources we make available, including interactive planning tools, articles and videos, as well as the lower-cost student loans we are able to offer to families who need them."
The financial information presented in the scholarship is always available to the public at www.IowaStudentLoan.org. In addition, families can visit the website for additional resources and to sign up for other services, like the parent email service Student Planning Pointers for Parents.
Full rules and details for the ISL Education Lending Scholarship are available at www.IowaStudentLoan.org/Savings.
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Media Contact
Christopher Weishaar, Digital PR Specialist, (515) 273-7102, cweishaar@studentloan.org
