American State Bank

American State Bank Private Student Loan Program

The American State Bank Private Student Loan is serviced by Aspire Servicing Center and is subject to credit approval.

View complete underwriting criteria and terms.

Repayment Benefit

Earn a 0.25% interest rate reduction by making auto-debit payments when you begin principal and interest repayment.

The 0.25% interest rate reduction will apply once Aspire Servicing Center begins to automatically deduct payments and will remain in effect as long as automatic payments continue without interruption during the repayment period. The 0.25% interest rate reduction will not lower the monthly payment amount but will instead reduce the interest amount that accrues. The interest rate reduction will be suspended during approved deferment(s) or forbearance(s) or if automatic payments are rejected due to insufficient funds.

Cosigner Release

You may apply to have your cosigner(s) released from their obligation after 36 consecutive, on-time monthly principal and interest payments as long as you meet the underwriting and credit criteria at the time the cosigner release is requested.

Repayment Details

Once you're approved for the American State Bank Private Student Loan, your loan funds will be disbursed directly to your school.

After your loan funds are sent to your school:

  • Interest will begin to accrue on your loan.
  • No payments are due until six months after you graduate, leave school or drop below half-time enrollment.
  • You will receive monthly interest statements while you are enrolled at least half time. You are not required to make payments while you're enrolled at least half time and during the six-month separation period, but American State Bank and Aspire Servicing Center strongly encourage you to make payments that at least cover your interest to avoid increases to your loan balance.
  • You will be eligible for different repayment plans.
  • Payments should be sent to Aspire Servicing Center.
  • You can access your account information through the secure Account Access system at

Start Your Application

Privacy Terms of Use Contact Us
6805 Vista Drive, West Des Moines, IA 50266-9307
Copyright ©2012-2021 Aspire Resources Inc.®
Use of this site signifies your agreement to the Terms of Use and Online Privacy Statement