The Arkansas Student Loan Authority is a nonprofit state agency created to provide access to and information about educational funding for all Arkansas students who wish to attend institutions of higher education.
For the last three decades, we have made higher education accessible to Arkansas students by participating in the Federal Family Education Loan Program. ASLA is invested in Arkansas students and families. Our customer service is first rate. We have originated and disbursed student loans at universities and colleges in Arkansas as well as across the United States. Because we are non-profit we have been able to give back to the community through a variety of educational and scholarship programs.
As we continue to provide service to our current borrowers, we are moving forward to meet the needs of the schools and all borrowers. Student loan default is nearing epidemic proportions across the country. Our goal is to inform borrowers about options to avoid defaulting on their loans which damages credit, impacts job opportunities and causes long-lasting financial burdens.
Default Management Services
ASLA is responding to the serious student loan default problem in our state by offering Default Management Services to Arkansas higher education institutions. ASLA can provide assistance to your institution and student loan borrowers from the severe repercussions of student loan default through the following services:
- Repayment counseling
- Direct borrower contact using high tech communications
- Cohort management and tracking software
- Customized strategies to fit your schools needs
Fund My Future (FMF)
We support community efforts for increasing awareness about higher education through our outreach services. Working with high school counselors, college Trio counselors as well as admissions offices, we distribute free information and offer free assistance with college preparation and available financial aid programs. Fund My Future will provide the information you need to plan for college and assist you in your search for scholarships and financial aid.
In concert with our workshops, college fairs and presentations, Fund My Future is a web portal providing the same information plus a focus on Arkansas’ critical career needs for nurses and teachers. Students have access to a web-based scholarship database at no charge. They are able to create a MyBackPack profile to help manage the scholarship information.
Education Loans and Counseling Are Our Specialties, It's All We Do.
Our mission to provide access to and information about education funding continues even as ASLA evolves. We will be here for students, parents, financial aid professionals and high school counselors.