Many state governments sanction higher education agencies whose job it is to administer low cost Federal, state and private lender student loans. For resident students in the Natural State, the Arkansas Student Loan Authority offers an easy way to apply for, and manage, all of your student loans. ASLA maintains a partnership with respected lenders across the state ensuring students have access to the best available Federal and private lender education loans.
The Arkansas Student Loan Authority administers Federal student loan programs for all of it's resident college students. These loan programs offer low cost, low interest loans to help students meet their college tuition costs. The most common Federal loans administered by ASLA include:
All students applying for Federal student loans must fill out and submit the Free Application for Federal Student Aid, or FAFSA. For further information on the Federal government's student loan programs refer to Go College's Guide to Federal Student Loans.
Arkansas administers a single state supported eduction loan program, the Arkansas EdLoan. This program is designed to encourage resident students to pursue critical need careers within the state. Students pursuing a career in teaching, healthcare or public service may be eligible for low cost loans subsidized by the state government. Currently, due to the fluctuating credit markets, the EdLoan has been suspended until such time as it is financial viable for the state to resume offering state funded student loans.