How IDAPP Works - Without Tax Dollars
IDAPP sells Student Loan Revenue Bonds to raise funds for education loans. IDAPP partners with lenders and schools to make education loans available to students to help pay for college education. IDAPP also uses bond proceeds to purchase loan portfolios from lenders in order to free up local lenders’ capital, making more student loan funds available to a new group of students.

Investing in Illinois Students and Families

• IDAPP University Lender program enables schools to provide loans directly to their students, creating new revenues for scholarship and grant programs otherwise not available.
• IDAPP incorporates the most innovative technology to stay ahead of trends in the industry, especially dedicated to using secure Web-based technology for the convenience of our clients and borrowers.
• IDAPP supports vital programs such as Mapping-Your-Future that helps students through the admissions process, college planning, debt counseling, financial management and career choices.
• IDAPP is a participating member of Illinois Association of Student Financial Aid Administrators (ILASFAA), Midwest Association of Student Financial Aid Administrators (MASFAA) and the National Association of Student Financial Aid Administrators (NASFAA).
• IDAPP helped develop the Illinois Mentor program to insure a commercial-free college and career planning Web site for middle and high school students.
• IDAPP does not sell our databases or solicit our customers for any other debt instruments, unlike many for-profit companies

High Quality Customer Service

The IDAPP ownership of Illinois student loans ensures that borrowers receive the best service on their student loans at the lowest cost. IDAPP serves as the single point of contact for borrowers and operates local offices for customer inquiries. Once IDAPP purchases or originates an education loan, that loans stays with IDAPP throughout the entire repayment period and does not get resold again and again. The only non-profit loan servicer located in Illinois. IDAPP continuously achieves an exceptional service record by students, colleges and universities. When a borrower contacts IDAPP, they speak directly to other working people in Illinois, not with company representatives out-of-state or even overseas. Our use of state-of the-art technology makes the loan process as efficient and convenient as possible for students. Our staff is proud of our service to students and families, as demonstrated through our commitment to providing personal one-on-one loan counseling, life of loan servicing, and loan consolidation.

Preventing Loan Defaults

The IDAPP pledge to prevent students from defaulting on their educational loan is reflected in our work. Financial aid staff appreciates the options IDAPP offers their students, especially borrower benefits and interest rate reductions, awarded to students who make timely, consecutive payments. Our online repayment calculator estimates future payments based on the amount of loan borrowed, encouraging students to borrow conservatively and prepare for future payment obligations. IDAPP works closely with financial aid offices to promote default prevention materials and develop workshops to counsel students on the sources and uses of credit, financial literacy and the consequences of loan default.

• ISAC is committed to ensuring all students have the opportunity to pursue a postsecondary education.
• IDAPP is committed to supporting ISAC and its mission.
• IDAPP's investment is in Illinois students and families.
• Together with our clients, we are 100% dedicated to promoting the power of education!