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Indiana Secondary Market for Education Loans, Inc.

INvestEd was established pursuant to Public Law 154 of the 1980 Indiana General Assembly and is a public benefit corporation organized exclusively for educational purposes. It serves as the state of Indiana’s designated secondary market for education loans and provides student loans for the benefit of Indiana students and colleges (both traditional direct loans and refinancing products). As a governmental entity with a federal tax exemption pursuant to Code Section 501(c)(3), INvestEd occupies a very unique space in the marketplace as its student lending activities are conducted within its broader charitable mission of helping Hoosier students responsibly finance their college experience. During the last year, INvestEd provided critical financial aid literacy education and support to more than 30,000 students, providing 1:1 support to 6,000 Hoosiers and conducting over 400 financial aid literacy events statewide. Through the creation of its online portal, The INvestEd Student Loan Marketplace, it has provided a true comparison tool that allows families to learn about and compare private student loan products, side-by-side, to make responsible borrowing decisions.
Ice Miller is privileged to serve as general counsel to INvestEd, providing corporate, governance and tax counsel, including the following specific services:
  • Creation of the legal infrastructure for the student loan products, including contracts with outside vendors;
  • Periodic bond financing transactions to securitize the loan portfolio;
  • Statutory interpretation and guidance relating to INvestEd’s activities and operations; and
  • Intellectual property, labor and other regulatory support.
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