The annual loan limit is equal to the cost of attendance minus other aid received. There is no aggregate loan limit. For information on how to get reduced fees, contact Iowa Student Loan Liquidity Corporation . Private Loans - After pursuing the financial aid options discussed above, you may still need additional funds to make your postsecondary education a reality. Some students may find that a private loan is part of their financial aid package.
Private loans come from a number of different sources.
Generally, private loans are not need-based and you are responsible for the payment of interest. Borrowers may choose either fixed or variable interest rate loans. For more information, contact Iowa Student Loan Liquidity Corporation . Always use the same lender when you borrow. It will make repayment more convenient as you will make one loan payment each month to a single lender.