Student Loans


Looking for a supplemental private student loan to help pay for college?

If you live or plan to attend school in Iowa, Minnesota or South Dakota, we have options to consider when financing your education.1

1. Complete the FAFSA.

The first step in applying for financial aid, which includes federal student loans, is completing the Free Application for Federal Student Aid (FAFSA). The FAFSA is a free form provided by the U.S. Department of Education that may be completed without professional assistance via paper application or online at In your award letter from your college, the financial aid office will inform you of your eligibility for federal student loans.

2. Work with your college financial aid office.

Contact the financial aid professionals at your college or university to explore and exhaust other sources of federal, state and/or institutional financial aid before seeking a private student loan. Accepting a private loan before using other types of available aid may decrease your eligibility for federal, state and institutional aid.

3. Plan ahead to help minimize borrowing

Take advantage of online resources while planning for college and before applying for student loans. These free resources include online tools to help students and families:

  • Avoid over borrowing
  • Explore jobs and potential earnings for graduates of specific majors.
  • Estimate total college costs for four years of undergraduate students.
4. Consider private loans.

In Iowa:

We work with Iowa Student Loan2 to offer supplemental private loans to help you pay for college as well as refinance existing student loan debt. As an Iowa non-profit and the state’s student loan experts, Iowa Student Loan offers competitively priced loans.2

The Partnership Advance Education Loan (Partnership Loan) and College Family Loan were created to help you pay college costs while you are or your student is in school.

  • The Partnership Loan is for students and their co-signers.
  • The College Family Loan is for parents, family members and others who wish to borrow on behalf of a student.

The Reset Refinance Loan can help you simplify repayment or pay lower interest costs on existing student loans after college.

With these loans, you know what you’re getting before you apply as all terms and conditions, including credit score requirements for specific rates, are provided upfront. In addition, there are no upfront origination fees and you can earn an interest rate reduction for making payments by auto-debit in repayment. Note: These loans are subject to credit approval.

Take advantage of Iowa Student Loan’s free planning tools while planning for college and before applying for student loans to:

  • Avoid over-borrowing
  • Explore jobs and potential earnings for graduates of specific majors.
  • Estimate total college costs for four years of undergraduate students

About Iowa Student Loan: Iowa Student Loan was established in 1979 as a private, nonprofit corporation, and its mission is to help Iowa students and families obtain the resources necessary to succeed in post-secondary education.

Learn More about Iowa Student Loan and Apply

In Minnesota:

Students in Minnesota can take advantage of long-term, low-interest post high school educational loans offered by the SELF program administered by the Minnesota Office of Higher Education, a state agency.

In South Dakota:

The South Dakota Board of Regents has published a list of resources for students to find more information about paying for college.

1Bank Midwest does not accept applications for private student loans. These resources are listed for your convenience.

2 Bank Midwest is compensated by Iowa Student Loan for the referral of student loan customers.