OSLA provides student loans that cost less through our Exceptional Borrower Benefits. While many borrower savings plans are being cut back or eliminated, OSLA continues to offer some of the best benefits in the industry. By choosing an OSLA Student Lending Network member as your lender and taking advantage of the following programs, you will save money.

	Borrower Benefit Plan Comparisons
	TOP* Principal Reduction
	TOP* Interest Rate Reduction
	EZ Pay Discount
	Zero Fees

Stafford Loan Borrower Benefit Plan Comparison
OSLA vs. No Benefits = $2,156 Savings*

	OSLA Lenders	Non-Benefit Plan
Stafford Loan Amount Borrowed at 6.8%	$10,000	$10,000
Standard Repayment Total Interest Due	$3,810	$3,810
Interest Paid After EZ Pay & TOP Interest Rate Reductions Applied	$2,004	$3,810
Total Interest Savings	$1,806	$0.00
Additional TOP 1% Principal Reduction	+$100	N/A
Default Fee Paid (1% of Loan Value)	+$100	N/A
Origination Fee Paid (1.5% of Loan Value)	+$150	N/A
Total OSLA Savings	$2,156

PLUS Loan Borrower Benefit Plan Comparison
OSLA vs. No Benefits = $2,246 Savings*

	OSLA Lenders	Non-Benefit Plan
PLUS Loan Amount Borrowed at 8.5%	$10,000	$10,000
Standard Repayment Total Interest Due	$4,880	$4,880
Interest Rate Paid EZ Pay & TOP Interest Rate Reductions Applied	$2,834	$4,880
Total Interest Savings	$2,046	$0.00
Additional TOP 1% Principal Reduction	+$100	N/A
Default Fee Paid (1% of Loan Value)	+$100	N/A
Total OSLA Savings	$2,246

*Savings assume payments are made by OSLA EZ Pay^TM or equivalent electronic debit plan and borrower is eligible and qualifies for various borrower loan incentive programs. Changes to TOP^TM, if any, would not affect loans that previously qualified for the benefits. TOP^TM is a trademark of the Oklahoma Student Loan Authority (OSLA).

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TOP Principal Reduction = 1% Reduction in Eligible Principal

Step 1	Choose an OSLA Student Lending Network member
Step 2	Make your first three payments (interest & principal) on time when you enter repayment
Step 3	Receive a 1% reduction to your loan principal from OSLA

TOP Interest Rate Reduction = 1.5% Reduction in Interest Rate
(Does not apply to consolidation loans)

Step 1	Choose an OSLA Student Lending Network member
Step 2	Make your first 12 payments (interest & principal) on time when you enter repayment
Step 3	Receive a 1.5% reduction to your interest rate from OSLA

EZ Pay Discount = 1% Reduction in Interest Rate

Step 1	Choose an OSLA Student Lending Network member
Step 2	Read the EZ Pay Discount Guidelines. Complete the EZ Pay Discount Authorization Form and return to OSLA
Step 3	Receive a 1% reduction to your interest rate from OSLA

Zero Fees on Stafford Loans

Origination Fee	The 1.5% Origination Fee is paid for the borrower on Stafford loans. Not all lenders participate; check the list to see if your lender does.
Default Fee	The 1% Federal Default Fee is paid for the borrower on both Stafford and PLUS Loans.

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