Osla Student Loan Review 2023: Legit or Scam

Do you need a student loan and you’re considering Osla? If yes, read on to know the Osla student loan review 2023

Requesting a loan to complete your education may be easy but paying back the loan can be big deal if you don’t get a good loan repayment option. This OSLA Student Loan Review will help you choose one of the best third-party services in Oklahoma.

In Oklahoma, OSLA is a third-party service that earns a living by collecting student loans from students during payback time.

In this article, Xscholarship has reviewed the OSLA Student Loan review 2023, OSLA, how long the OSLA loan repayment lasts, how to pay and refinance your OSLA loans, and some frequently asked questions about OSLA.

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Osla Student Loan review 2021

OSLA Student Loan

OSLA is an acronym that stands for the Oklahoma Student Loan Authority. It is one of the third-party agencies that help students with a loan repayment plan. 

This simply means that OSLA as a loan servicer earns a living by collecting back federal loans given to students to complete their education.

The Oklahoma Student Loan Authority is a federal student loan servicer that creates loan repayment options to help students manage and repay their loans. It finds a common ground for debtors and offers them the best platform to repay all their loans without paying through their noses or always being without money.

In 1972, a public trust which is now known as OSLA was established. So, OSLA has been in existence for about 40 years. Within this period of existence, OSLA student loans have serviced Federal Direct and Federal Family Education Loans FFEl for over 130, 000 student borrowers.

Interestingly, OSLA Loans can help service your loans regardless of your location even though it was originally established for Oklahoma’s students or students in Oklahoma.

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What does OSLA Do?

OSLA is basically a middleman between the dept. Education and borrowers of federal student loans.

It is charged with the responsibility of processing student loan paperwork, collecting payments, and helping borrowers manage their loans. Obviously, in carrying out the above responsibility, they also enlighten borrowers on their eligibility status for a loan discharge or forgiveness.

In addition, they also teach their borrowers the possibilities of student loan deferment and forbearance while informing them about their ability to manage their payments. In fact, they support the various income-driven repayment plans offered by the federal government.

How Good is OSLA Student Loan Consolidation?

OSLA student loan offers a good student loan consolidation plan for students with federal loans

A student loan consolidation allows you to take a new loan to pay off other existing student loans. That is OSLA makes it possible for you to consolidate all your federal loans and make them just one.

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How Long is OSLA Student Loan Repayment?

How long your OSLA loan repayment lasts is dependent on your repayment option.

There are about four repayments options with OSLA and they include:

  1. Standard Repayment
  2. Graduated Repayment
  3. Income sensitive repayment
  4. Income-based repayment
  5. Extended repayment
  6. Refinance

This OSLA repayment plan allows you to pay off your debt in 10 years. You are expected to make a monthly minimum payment of $50 for a maximum of 120 months. However, how much you pay to offset your bill within these ten years with 50 a month depends on how much you owe.

This repayment plan by OSLA allows you to pay a certain amount every month based on your total income for that month. So, this plan reviews your monthly income and total debt every year. From their analysis, a monthly bill will be given to borrowers. If you have a low monthly income, then you should consider this loan repayment option.

This OSLA-offered loan repayment option is available for borrowers with FFElP loans. This loan repayment option exceeds ten years depending on how you owe and the number of times you experience a partial financial hardship.

Validity of OSLA Student Loan Consolidation?

For students who have received federal loans, Osla Student Loan provides a superb student loan consolidation program that enables you to consolidate all other debts into one and receive a single repayment.

You can thus take out two or more loans with an Osla student loan in addition to the one that is now due and pay them all at once.

NSLSC Login, NSLSC Student Loan, NSLSC Contact Number Details

How Do I Pay My OSLA bills?

You may choose to pay online, by mail, or even with automatic payments. You can remit your monthly, whether single or multiple using any of the platforms available to borrowers.

It is important to note, however, that you must include your OSLA account number on your payment when mailing your payment. To be eligible for this, your account must begin with the letter for number 8.

For instance, if your number looks like this F800112200), you can mail your payment to:

US Department of Education – OSLA

P.O. Box 4278

Portland, OR 97208-4278

To make payment of your monthly loan bill online, OSLA provides different online outlets for easy payment of bills. So, from the comfort of your home, you can transfer or make payment with your MasterCard or visa auto-teller machine card.

One of such online outlets is Doxo.com fill out the EZ Authorization Form below:

For clarity on how to set up your online payment with OSLA, visit the website below.

How Do I Find Grace Period On OSLA?

A grace period is a period between when you graduate till when you must begin making payments. It could also mean the time from when you drop half-time enrollment till when you are expected to make your first payment.

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Usually, this grace period lasts from anywhere six months to nine months, especially for federal student loans. However, in rare cases, your grace period may be elongated.

However, if OSLA is your loan servicer, upon request and payment plan you signed up for to make considerations during your hard financial times. This may not necessarily be a grace period, but you can also benefit from it.

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How Do I Refinance OSLA Student Loan?

To refinance your loan means to take out a new loan to pay off an existing loan. This could be done for a number of reasons especially if you are looking at consolidating your loans, then, refinancing may be your option.

You should consider refinancing for the following reasons:

  • To get a lower interest rate
  • Refinancing lowers or reduces monthly payments
  • You may get a shorter-term the loan
  • Refinancing allows you to change from variable-rate to fixed-rate
  • Refinancing allows you one or more of these benefits

To finance your OSla student loan, you may have to consider the term of your original loan and the new loan. Refinancing majorly can help you save a few dollars especially if the interest rate has fallen since you took the old loan.

You must also bear in mind that once a federal loan is refinanced it becomes a private loan. This simply means you will lose eligibility for any form of forbearance, loan forgiveness, or discharge available for federal loans.

How To Log in On OSLA Student Loan?

Once you sign up for the OSLA student loan, you can access your account with your username and password. 

To log in to OSLA, you must register an account. Your social security number, email address, and your date of birth are important.

Once you enter these details, you should proceed to create a password you can remember. To complete your registration, fill out a form on a security check and click to confirm the information you have given.

If your registration is successful, you will be able to log in using the exact username and password you filled in earlier. To log in to your OSLA account is quite easy. So, click the button below to register.

How to Change Your Name on OSLA

There may not be any need to change your name. Your social security number displays your first name and surname once you register on the portal.

However, if for any reason for you to change your name, simply, contact OSLA customer service either on the website or through any of these platforms.

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Mail: Email: MilitaryBenefits@osla.org.

Telephone: 844.835.7484.

FAX: 855.813.2224. or visit their website @ public.osla.org

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How to Defer OSLA Student Loans

Student loans can be placed in deferment when a borrower is experiencing true financial hardship. Loan deferment is a process that allows you to stop making monthly payments temporarily for federal student loans.

However, you must meet the eligibility requirement below to qualify for loan deferment.

  • You must be enrolled at least half-time as a student
  • You must have stayed three years or more without employment or in your economic hardship.
  • When you’re on active military duty during the war, a military operation, or a national emergency
  • You are disabled or caring for someone who is disabled
  • You are on leave from work due to pregnancy or while caring for your newborn child or newly adopted child

Is OSLA Student Loan Review 2023: Legit or a Scam?

OSLA student loan is legit and no scam. OSLA has been in existence for 40 years.

Reviews from borrowers show that OSLA has great customer service skills that result in its customer satisfaction being significantly high across a number of areas.


The Oklahoma Student Loan Authority, OSLA, is reliable and has been helping students for the past 40 years.

If you are looking for a loan service company, this article answers all your questions on OSLA, its legitimacy, repayment options, flexible plans, and so much more.


Is OSLA a federal student loan?

The Federal Family Education Loan Program (FFELP) and Direct Loans are the two forms of federal loans that OSLA manages.

Is OSLA a good loan servicer?

The personnel at OSLA typically receives 90th percentile ratings for client satisfaction. The US Department of Education designated it as an Exceptional Performer as well. Over 130,000 borrowers of student loans have had their loans handled by OSLA.

Are student loans forgiven after 20 years?

Depending on when you obtained your initial loans, if you haven’t returned your loan in full after 20 or 25 years, any remaining sum will be forgiven. On any sum that is forgiven, you might need to pay income tax.

Is OSLA a government agency?

One of the first student loan companies in the United States, the Oklahoma Student Loan Authority (OSLA), was founded on August 2, 1972. A board of trustees oversees OSLA, a public trust.

What is the difference between subsidized and unsubsidized loans?

While you are enrolled in school at least half-time or during deferral periods, interest on your subsidized loans does not accrue. Loans for graduate and undergraduate students that are not based on financial need are known as unsubsidized Loans.


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My name is Queen! For five years, I have been actively involved in helping students get scholarship opportunities in Europe, the USA, and Canada. Currently, I am the Admin of www.xscholarship.com

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