AIB College of Business was an accredited, independent, nonprofit, baccalaureate college of business located in Des Moines, Iowa, in the United States. The college closed on June 30, 2016, after 95 years and gifted its property to the Board of Regents, State of Iowa. The campus was operated by the University of Iowa from 2016 to 2018 when the University of Iowa announced plans to close down and sell the 17-acre campus. The University of Iowa sold the campus property in August 2019, for $7.5 million. Proceeds from the land and building sale created the AIB College of Business Scholarship Fund, which provides renewable $1,000 scholarship awards to qualified UI students. In the fall of 2020, 40 students received scholarships. All were residents of Iowa and majoring in business-related program