Winners Announced for 2015 Save Now, Save Later Program

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Parents across the state of Iowa are getting a $1,500 boost to their student’s College Savings Iowa® account this spring, thanks to Iowa Student Loan’s Save Now, Save Later: College Savings Plan Parent Giveaway.

In this second year of the program the number of awards was increased from 20 to 30 to benefit even more Iowa families. Registration opened Aug. 13, 2015, and ran through Nov. 30, 2015. The program was open to Iowa residents who have a student in grade nine, 10, 11 or 12 at an Iowa high school.

“Additional funds for a child’s (College Savings Iowa) account will encourage parents to continue funding their accounts,” said Jeff McGuire, a winner from Hiawatha. “Every bit helps defray the rising costs of college.”

Parents who registered were required to complete the co-signer version of Student Loan Game PlanSM, a free online, financial education tool offered by Iowa Student Loan, with versions for students and for parents. After the registration period, entries were chosen at random from about 1,000 qualified participants.

“I think (the program) is a good way to show the impact of borrowing,” said Greg Fritz, a winner from Pocahontas. “Too many people don’t think about all of the interest that they have to pay. And saving is easy, even if you can only start small.”

All 30 winners will have a $1,500 deposit made into a new or existing College Savings Iowa account for their eligible child. Iowa Student Loan works directly with College Savings Iowa on the giveaway. College Savings Iowa is the state’s direct-sold 529 program, administered by State Treasurer Michael Fitzgerald.

Iowa Student Loan plans to launch the Save Now, Save Later: College Savings Plan Parent Giveaway again in the fall.

View the full news release.

Winners of the Save Now, Save Later program are:Blog-WinnerTable


By: Iowa Student Loan

Partnership Creates Greater Access to Financial Literacy Tools

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Students and families now have the chance to gain even greater access to personalized college planning and financing information while visiting a few of the Iowa College Access Network’s (ICAN) locations.

ICAN, a Student Loan Coach contributor, recently teamed up with Iowa Student Loan to create mobile learning stations in three of its 11 office locations.

Providing statewide outreach, ICAN helps more than 500,000 students, parents and education professionals prepare for life after high school each year. An important aspect of that preparation includes financial planning for college.

For the past few years, ICAN has provided visitors instructions to Iowa Student Loan’s online smart borrowing resources and tools. These tools help families borrow less for college, and target majors that lead to jobs. Now, with the help of the learning stations, students and parents will be able to experience those tools while on-site at three ICAN locations, allowing for immediate discussion of personalized results and options with ICAN’s team of highly-qualified student success advisors.ICAN_Station

The tablet- and laptop-based stations have been set up at ICAN center locations in Hiawatha, Ankeny and Coralville. The stations provide the technology needed to access Iowa Student Loan’s suite of financial literacy tools — Student Loan Game PlanSM and ROCI Reality Check — in addition to other resources regarding college financing.

Student Loan Game Plan is an interactive educational resource demonstrating how student loan debt can affect a student’s financial future. It provides customizable results based on major interests and individual situations, and provides an action plan to help reduce the need to borrow for college. During the month of July 2015, 14 percent of users were able to reduce the amount of student loan debt they planned to incur by an average of $1,800 after using Student Loan Game Plan.

The ROCI Reality Check provides users with job prospects, earning potential and maximum suggested student loan debt loads based on a student’s chosen major, allowing them to see the potential return on college investment, or ROCI.

By: Iowa Student Loan

Parents: Register to Win a $1,500 College Savings Plan Deposit

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A college savings account is a great way to set your future college student up for success by helping them to possibly reduce debt later in life.

Iowa Student Loan’s Save Now, Save Later: College Savings Plan Parent Giveaway is a great way to give that savings account a boost.

Now through Nov. 30, you can register to win one of 30 deposits of $1,500 to a College Savings Iowa© account. All you need to do is complete the one-time registration process, including completion of the cosigner version of Student Loan Game Plan, an online educational tool.

Enter now to win a $1,500 deposit

“(The program) is a great way to support Iowa’s youth who are approaching the college years,” said Michele Stiles, of Des Moines, a 2014 winner. “It helps parents plan and save ahead for college so that both parents and students are more financially prepared as students enter college.”

Eligible registrants are:

  • an Iowa resident;
  • and a parent or legal guardian of a high school student in Iowa (grades 9, 10, 11 or 12).

Winners will be selected in December, and notified in January 2016.

Read the full news release

By: Iowa Student Loan

Welcome to Our New Blog!

Welcome to the Student Loan Coach blog, by Iowa Student Loan.

This blog is a resource for anyone planning, financing and preparing for college, with a focus on high school students, current college students, and recent college graduates.

In addition to the information presented in this blog, Iowa Student Loan has many other great resources available. Visit our Smart Borrowing webpage, or go directly to our tools to try them out:

By: Iowa Student Loan

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