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University of Iowa News Release

March 8, 2005

UI Student Computer Loan Program Ends April 15

The student computer loan program at the University of Iowa will end on April 15, the UI Office of Information technology announced today. Ending the program was one of the recommendations of the General Education Fund (GEF) Task Force Report released earlier this year.

"The program was greatly appreciated by those that used the loans," says Marc Franke, director of ITS campus services, "but student usage of the loan program had decreased 40 percent since the beginning of the service as computers became less expensive and more available on campus." Franke says that the program averaged in excess of 900 loans each year in its first 10 years and under 500 for the last eight years. In FY2004, there were 541 loans totaling a little over $930,000.

No new loans will be granted after April 15, Franke says, but the decision will not affect existing student computer loans. Alternative financing options will be available from vendors listed in the UI's ITS help desk demo center as well as through local area lending institutions and through an extension of student financial aid. ITS will continue to process new student computer loans until April 15. The demo center at the ITS-Help Desk will continue to provide advice for students on computer ordering. 

More details are available at the UI ITS help desk demo center:

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.  

CONTACTS: Media: Charles S. Drum, 319-384-0048,; Program: Marc Franke, 319-335-2672,