Arkansas Student Loan

Arkansas Student Loan Authority

 ASLA is the primary organization which manages student loans for Arkansas students.  The Authority participates in the following federal loan programs:

• Federal Stafford (student) Loan, subsidized and unsubsidized
• Federal Graduate PLUS Loan
• Federal Parent PLUS Loan

Students applying for the Arkansas Sudent Loan shall fill out a Free Federal Student Aid Application.  Paents interested in PLUS Loan shall contact Financial Aid Office of their child's college or university.

The Student Loan Guarantee Foundation of Arkansas is one of the main loan guarantors of Arkansas Student Loans.

Arkansas Student Loan Forgiveness

Students who work in an impoverished districts may qualify for student loan forgiveness  The Higher Education Amendments of 1998 provided for a loan forgiveness program for borrowers who are not in default and who have been employed as full-time teachers for 5 consecutive years in a school that qualifies for cancellation. The amount forgiveness cannot exceed $5,000 of the aggregate loan amount that is outstanding after completion of the fifth complete year of teaching. Students working in the health care fields such as nursing may qualify for the loan forgiveness as well.

Arkansas Student Loan Consolidation

All student loans made to Arkansas students may qualify the Federal Student Loan consolidation.  Students shall contact their lender and financial aid office to learn more about the student loan consolidation.  Students can also visit our loan consolidation article to learn more about the process.