Aspire Student Loan Resources is a student loan servicing company for student loans in Iowa. The company is based out of Des Moines, and while they used to be a student loan servicer nationwide, they have since joined MOHELA (Higher Education Loan Authority based out of Missouri). Therefore, they are no longer contracted with the Department of Education as a sole servicer. That doesn’t mean they don’t still have a lot of great resources and services available for student borrowers in Iowa.
Several states have followed the trends of MOHELA, which started out only offering student loan resources for residents of Missouri. Iowa has jumped on board with this as well.
What Does Aspire Student Loan Resources Do?
Aspire Student Loan Resources has teamed up with lenders and schools across the state of Iowa in order to offer students private student loan options, including loan data transfers. They use a service called iLink. This iLink service is an easy-to-use system that provides data for both lenders and schools, and also offers competitive fees in comparison to other data-rounding programs.
Aspire Resources made their exit from the Department of Education back in 2015 when they switched their loans to MOHELA. They did this in an effort to offer more to the families and residents of Iowa.
They offer a wide range of services, including their employer benefits programs. Companies that want to recruit the best employees offer some type of student loan benefits along with their standard benefits package. They offer loans for parents with college students, refinancing options, and Employer Contribution Programs. This not only helps students pay down their student loans, but gives employers a bit of an edge.
On top of their employer benefits programs, they also offer private student loans. Private student loans are often used to offer flexible solutions to student loan borrowers. Aspire has over 20 years of experience in the student loan industry, and they are able to offer a variety of options including private loan management and loan servicing. Whether you are still in school, or you have already graduated, you are sure to find a private student loan option that is right for you.
For those that still want to stick with federal student loans, Aspire also deals with federal student loan servicing. They offer flexible options for student loan repayment, along with first class customer service. They set the bar high with student loan servicing, working within regulatory compliance.
Other Services Offered by Aspire Student Loan Resources
Aspire has also set up a private loan referral program for companies that are not yet ready to manage their own private student loans. This allows companies to work with Aspire in order to offer in-school student loans, parent loans for parents who have children in college, and even refinancing loans.
They also have a unique online software program called the Student Loan Game Plan which allows borrowers to better understand their student loans. It also helps borrowers understand the importance of not borrowing more than they actually need. This software program is intended to be used by students who are currently enrolled in college, along with their parents.
The program is best used as a way to better understand loans, but it can also be integrated into the student loan application process. This allows students to come up with a plan for their own personal student loans, along with a plan for paying off those loans when the time comes. It also helps students to better understand how their decisions will affect their financial future through interactive sessions.
All in all, Aspire offers a lot of great resources for both lenders and borrowers. The truth is that more and more students are opting for private student loans rather than federal student loans.
Aspire has a great rating with the Better Business Bureau, or the BBB. They have a quick turnaround time for complaints, most of which were related to excessive emails or customer support issues. Resolved issues are usually a good sign when it comes to a company because it shows that they care about their customers.If you are considering Aspire Student Loan Resources to handle your student loans in Iowa, then you should be in good hands. Take a look at the other services they have to offer, including repayment terms, refinancing, federal loan servicing, planning tools, and much more.