Iowa Student Loan Liquidity Corporation, doing business as ISL Education Lending, is a nonprofit corporation offering private student loans for students and families who have exhausted other sources of aid. In addition, we provide scholarships and programs for families and reinvest funds in programs to benefit students and borrowers. Established in 1979, we are based in West Des Moines, self-funded and self-capitalized. For 40 years, we have worked to support the local economy by maintaining and growing jobs and providing competitive salaries and benefits. Along with our subsidiary, we employ more than 150 people and manage $2.6 billion in student loans. We do not have shareholders nor do we receive state appropriations. Operating as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, we are subject to strict regulation of our exempt purpose and use of funds. Iowa Student Loan provides scholarships and programs for Iowa families, offers private student loans for students who have exhausted other sources of aid, and reinvests funds in programs to benefit students and borrowers. Based in West Des Moines, Iowa, the organization and its subsidiary employ more than 200 people and manages $2.6 billion in student loans. Iowa Student Loan is self-funded and self-capitalized. It is governed by a board of directors that, since its inception, has been appointed by the governor of Iowa. Iowa Student Loan does not have shareholders, nor does it receive state appropriations. Operating as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, Iowa Student Loan is subject to strict regulation of its exempt purpose and use of funds.