Home Repayment Assistance Arkansas Private Education Loans
Aspire is ASLA’s Loan Servicer Partner. They handle all the loan servicing details to your account including helping you with the following:
If you have any questions, please contact us!
Phone: 800-243-7522
Email: educationloans@asla.info
The Arkansas Education Loan offers three different repayment options so that you can choose what works best for your financial situation. These options are only available when you apply for your loan and once you have received your loan, your selection cannot be changed.
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.
Pay Now
Requires monthly payments of principal and interest while you’re in school.
This option will save you money!
Pay Interest During School
Requires monthly interest payments while you’re in school and during the separation period.
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.