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ASLA is here to help you with:

  • Making wise debt management decisions
  • Answering your repayment questions
  • Assisting with setting up automatic debit
  • Finding repayment options when you are having financial difficulties

If you have any questions, please contact us!

Repayment Options

The Arkansas Education Loan offers three different repayment options so that you can choose what works best for your financial situation.

It is important to understand how much you owe in principal on your loan versus how much you owe in interest. You also need to be able to understand how paying just as little as $25 a month more on principal can significantly reduce the amount of interest you pay over the life of the loan. You can run the numbers yourself using this Student Loan Repayment Calculator.

Immediate Payment

Pay Now

Requires monthly payments of principal and interest while you’re in school.

This option will save you money!

Interest-Only Payment

Pay Interest During School

Requires monthly interest payments while you’re in school and during the separation period.

Deferred Payment

Pay After Leaving School

Postpone payments until after you graduate, leave school or drop below half-time enrollment and feature a six-month separation period during which no payments are required.