Home Repayment Assistance Arkansas Private Education Loans
ASLA is here to help you with:
If you have any questions, please contact us!
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.
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.
Earn a 0.25% interest rate reduction on your Arkansas Education Loan by
making auto-debit payments when you begin principal and interest