What is INvestEd? Indiana’s own student loan provider could see a surge in demand

By: Mackenzi Klemann

Outlets: Indiana Capital Chronicle

Published: May 18, 2026

Words: 960

Last Updated: 2 months, 1 week ago

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A little-known nonprofit created by Indiana lawmakers more than four decades ago could become a major lender for student loan borrowers.

The Indiana Secondary Market for Education Loans — which operates under the name INvestEd — issues private student loans at interest rates starting at 4.26% to 8.51% — far below the maximum 17.99% interest rate charged by some of its for-profit competitors.

The nonprofit’s motto is simple: The best student loan is no loan …

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