Iowa State University Ionwave #RFQ-1001486

Iowa State University Seeks Private Student Lenders for Preferred Lender List

Iowa State University is seeking information from private lenders for its Preferred Lender List, covering student and parent borrowing needs. - Government buyer: Iowa State University of Science and Technology (ISU), Office of Student Financial Aid, Ames, Iowa. - Opportunity: ISU expects to feature 3–5 private lenders on its Preferred Lender List, with lender information, borrower benefits, contact details, and links to online applications. This is an information-gathering and lender-selection process, not a purchase of loans by the university. - Requested offerings: Private loans for undergraduate, graduate, veterinary medicine (DVM), and parent or third-party borrowers. Lenders with relevant products should provide details for each applicable borrower group. - Technology requirements: Lenders must address their use of the iLink certification and routing platform and iLinkCDS to certify and disburse funds. - Information requested: Eligibility and enrollment rules; interest rates and APR; origination fees; co-signer requirements and release options; repayment of prior-term balances; borrower incentives; access restrictions; parent, refinance, and no-co-signer options; lender experience; school-dedicated support; online information and usability; financial-literacy resources; and student lending history. - Evaluation considerations: Product breadth and APR by borrower type, availability to half-time students and students not meeting satisfactory academic progress, and access for students with differing backgrounds. - OEMs and vendors: No lender companies or product manufacturers are named. iLink and iLinkCDS are identified as platforms; no platform vendor is specified. - Quantities and part numbers: No specific products, part numbers, or quantities are provided.

Description

Iowa State University of Science and Technology is seeking information from qualified lenders interested in inclusion on its Preferred Lender List for U.S. students and their families. The university plans to display 3–5 lenders, with borrower benefits, lender contact information, and online application links. Lenders are asked to provide information about loan offerings for undergraduate, graduate, veterinary medicine, and parent or third-party borrowers, along with details on eligibility, repayment features, borrower incentives, and lender qualifications. The proposed contract term is January 1, 2027 through December 31, 2029, with two possible one-year renewals by mutual written consent.

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