Iowa Student Loan
Picture your Success!

Advantages of Paying Your Loan on Time

Repaying your student loans is a serious legal obligation, so you need to set aside enough money to make your student loan payment on time and in full each month.

Iowa Student Loan depends on you to uphold your promise to repay your loan so that other deserving students can receive loans.

By paying your student loan on time, you are acting as a responsible borrower. You are also successfully managing your finances and establishing good credit.

Each month, Iowa Student Loan provides a report on your account to four national consumer reporting agencies: Equifax, Experian, Innovis and TransUnion. On-time payments have a positive impact on your credit report, while new applications for credit may be denied if your account is past due. Your payment history may account for up to 35% of your credit score, which is why it is so important to pay your bills on time and in full each month.

call out

Success Tip

Stay Current on Your Student Loan Payments
Here's a good reason to stay current on your student loan payments — it's far easier than dealing with the consequences of default, which could include losing your borrower benefits, paying late fees and additional interest, and receiving calls from collection agencies.

call out
Privacy  |  Terms of Use  |  Identity Theft and Online Fraud
Home  |  About Us  |  Newsroom  |  Careers  |  Applications/Forms  |  Contact Us  |  Site Map
Ashford II Building, 6775 Vista Drive, West Des Moines, IA 50266-9305
Copyright ©1998-2010 Iowa Student Loan Liquidity Corporation®