We are updating our websites and systems as quickly as possible to explain the types of relief now available for federal student loans held by Federal Student Aid, an office of the Department of Education. The Oklahoma Student Loan Authority, or OSLA, is one of nine companies that service federal student loans by collecting and tracking payments. Standard Payment: This is the basic 10-year repayment plan for borrowers who have federal student loans serviced by OSLA. What it’s offering: Like all federal student loan servicers, OSLA will be suspending all interest and principal payments through Dec. 31, 2020. In order to use this site, your browser must be IE 5.5 or greater or Firefox. OSLA can help you with repaying your loans including enrolling you in repayment plans, seeing if you qualify for forgiveness, and answering any questions you might have. 1. Similar to the other federal student loan servicers, OSLA provides you a large variety of various repayment plans (to choose from) that are designed to make the repayments easier for the borrowers Also, do keep in mind that a few of the programs that are … Click here to download Firefox. But Nelnet says other options — such as economic hardship or unemployment deferment — are available if you’re in current repayment status. OSLA is a student loan servicer specifically for those attending, or who have attended, college in Oklahoma. If you teach full-time for five complete and consecutive academic years in certain elementary or secondary schools or educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on eligible federal student loans. The Oklahoma Student Loan Authority, or OSLA, is a nonprofit company, created in 1972 by the state of Oklahoma, and sustains itself through its own revenue. Federal student loan flexibilities for the COVID-19 emergency have been extended through Jan. 31, 2021. We appreciate your patience. This simply means that OSLA as a loan servicer earns a living by collecting back federal loans given to students to complete their education. OSLA helps federal student loan borrowers by figuring out which repayment plan works best for them. ... OSLA Servicing: 1-866-264-9762; ECSI: ... loan forgiveness … Basically, OSLA is an acronym that stands for the Oklahoma Student Loan Authority. Federal student loan flexibilities for the COVID-19 emergency have been extended through Jan. 31, 2021. It is one of the third party agencies that help students with a loan repayment plan. While it’s based in Oklahoma, not all borrowers need to be located in the state to have OSLA as their loan servicer. 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