Even as you are repaying student loan debt, having a dependable and supportive loan servicer is important. And one of those servicers is OSLA, which stands for the Oklahoma Student Loan Authority. OSLA is known for their exceptional customer service, and their commitment to helping people understand the challenging world of federal student loans. Here, we’ll delve into what OSLA is, how it works, the loan types it supports and how borrowers can make the most of their OSLA experience.
What Is OSLA?
OSLA, a nonprofit which services federal student loans, is located in Oklahoma. Founded in 1972, it’s our job to help students and families make higher education more accessible and affordable in a manner that becomes a model for quality and customer satisfaction. Unlike some of the larger, more impersonal loan servicers, OSLA has a reputation for providing personalized services and clear communications to borrowers.
OSLA has grown over time and today is one of a group of companies that work with the U.S. Department of Education to service federal student loans. It might not be as big as other servicers such as Navient or Nelnet, but what OSLA lacks in size it makes up for in its borrower-first philosophy and loyal customer following.
Loans Serviced by OSLA
OSLA has a mission to support federal student loans such as:
- Direct Subsidized Loans
- Direct Unsubsidized Loans
- Direct PLUS Loans (for parents and graduate students)
- Direct Consolidation Loans
OSLA did service some Federal Family Education Loan Program(FFELP) loans, but most of them have since been discontinued in favor of the Direct Loan Program. Borrowers whose student loans are serviced by OSLA are eligible for a number of federal benefits, including income-driven repayment, deferment and forbearance options and PSLF.
Why would I want OSLA to be my Loan Servicer?
Borrowers generally don’t get to pick their servicer, but those who get sent to OSLA are often in good hands. Here’s why:
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Exceptional Customer Service:
OSLA is known for its friendly and helpful customer service representatives.
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Online Platform is Easy to Use:
With OSLA´s online platform, borrowers can also make payments, request a repayment plan, and update personal information instantly.
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Proactive Communication:
OSLA stays in touch with borrowers regarding approaching deadlines, changes in repayment programs and techniques to keep your loans in good standing.
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Commitment to Education:
The group provides a bounty of resources, webinars, and online tools to assist borrowers with understanding their repayment options and obligations.
How to Log in OSLA Account
Student loan management with OSLA is simple. To access your account:
- Visit www.osla.org.
- Click the “Login” button.
- Sign in or sign up using your SSN and loan account number.
- After logging in, you can see your loan balance, make payments, apply for deferment or forbbearance and other loan services.
You should check your OSLA account frequently to ensure you’re aware of your loan status and don’t miss any critical messages.
Repayment Plans for OSLA Loans
Borrowers serviced by these have full access to the spectrum of federal repayment plans, which include:
- Standard Repayment Plan: You’ll make fixed payments over 10 years.
- Graduated Repayment: Payments begin lower and increase slightly every two years.
- Extended Repayment Plan: Payments will be smaller because they are spread out over a longer term, up to 25 years.
- Income-Driven Repayment Plans (IDR): Payments are 30% of income and family size.
- Public Service Loan Forgiveness (PSLF): For those who work in certain public service jobs and have paid the required 120 monthly payments.
If you are having trouble making payments every month, reaching out to OSLA early can allow you to explore options such as income-driven repayment plans, or temporary deferment.
OSLA and Public Service Loan Forgiveness (PSLF)
Public Service Loan Forgiveness is one of the most popular programs for federal student loan borrowers. OSLA is helping borrowers on the PSLF track by:
- Tracking qualifying payments.
- Assisting borrowers in the completion of the required Employment Certification Forms.
- Guidance on how to remain eligible for forgiveness.
If you work for a government or nonprofit and you’re not sure whether you’re on the right track for PSLF, it might be smart to contact OSLA.
How to Manage Your OSLALOANS.com Student Loans
Student loans can be burdensome to keep track of, but with a bit of organization and the help of a servicer, such as these, they will be a lot more manageable. Here are some tips:
- Be Organized: Store all of your loan documents and correspondence in an organized place.
- Sign up for Auto-Pay: Signing up for automatic payments can lower your interest rate by 0.25% and keep you from forgetting to make a payment.
- Keep Your Contact Information Updated: Please use your exact contact details, including email, address and phone to be able to receive notifications.
- Research Repayment Plans: Don’t wait until you’re in trouble; look at your repayment options as soon as you enter repayment.
- Ask for Help: OSLA representatives are here to assist and answer your questions to assistance in managing your loans.
What Do If Your Loan Is Sold to OSLA
Servicers change sometimes, and you may end up with OSLA as your new servicer. If this happens:
- You are going to get communication from both your old servicer and OSLA.
- If you do not already have one, set up an account on OSLA’s website.
- Make sure your loan information transferred properly.
- If necessary, update your auto-pay settings.
Keep in mind that a transfer does not change your loan terms, payment amount or repayment plan — you’ll simply work with a different company.
OSLA Contact Information
If you do need to contact them, here’s how you can do so:
- Phone: 1-866-264-9762
- Website: www.osla.org
- Mailing Address:
Oklahoma Student Loan Authority COS CAPTCHA Date of birth Search Attend OSU Take summer courses Take classes at the BCP Earn an MBA CLEP for College Credit Crist Oil Gas Company for Landowners Don t let the thought of college intimidate you.
P.O. Box 18475
Oklahoma City, OK 73154-0475
Their customer service is available Monday through Friday from 8 a.m. to 5 p.m. Central Time.
Conclusion
It is a student loan servicer recognized for its devotion to helping borrowers succeed in repayment. In addition to its heavy emphasis on customer service, user-friendly online tools, and extensive educational material, It makes managing federal student loan debt far less intimidating. It can help you through every aspect of repayment—whether you’re just beginning repayment, weighing your forgiveness options, or experiencing financial hardship. Remaining informed and taking steps to stay ahead of your loans is paramount—and with these, you have us as your partner to help you succeed!
