The Oklahoma Student Loan Authority's (OSLA) purpose is to ensure financial resources for higher education are available to all in need at a reasonable cost. Successful management of OSLA loan activities allows us to provide Exceptional Borrower Benefits and Exceptional Customer Service that far exceed others in the industry.

OSLA was established on August 2, 1972, making it one of the oldest student loan organizations in the United States. OSLA is a public trust governed by a Board of Trustees. We are a secondary market, loan servicer, and eligible lender in the guaranteed Federal Family Education Loan (FFEL) Program under the Higher Education Act. Loan origination and servicing functions are performed under the trade name "OSLA Student Loan Servicing™".

Additionally, we perform origination and pre-acquisition servicing for the OSLA Student Lending Network™. Network members are required to sell, and we are required to purchase, the loans that we service before a borrower begins repayment of the loan. OSLA maintains a revolving warehouse line of credit to fund these purchases.

In addition to OSLA FFEL Program loans, OSLA offers a SHELF™ Program for private loans. SHELF loans are not guaranteed under the Higher Education Act and are underwritten on the borrower's credit to provide supplemental funds as determined by the financial aid staff at the borrower's school.

OSLA receives no appropriated funds from the State for our operating expenses. All expenses are paid from revenues derived from trust operations in the administration of our various loan programs.

Bonds and notes are issued by OSLA to finance our loan activities. The debts are not general obligations but are limited revenue obligations, payable solely from the assets of the Trust Estates created for particular financings by various Bond Resolutions.

Please contact us at info@osla.org for more information.