Why Get a Student Loan from ASLA?
For eligible candidates, these loans can make education funding a more achievable ambition. Not only are there fixed interest rates as low as 3.5%, but in some cases, it’s possible to defer payment until post-graduation on terms of up to 15 years. This could greatly reduce the short term financial pressure on aspiring students.
What Student Loans does ASLA offer?
A wide range of loans is on offer with this provider, which, unfortunately, generally requires a credit rating of at least 670. Those who don’t meet these criteria can include a co-signer who does. After 48 months of on-time payments, the co-signer may be released from their obligations. Origination fees are only included under specific terms.
Private Student Loans
Suitable for both students and post-graduates.
APRs | 4.24% to 7.22% |
Terms | 10 or 15 years |
Loan amounts | $1,001 to $100,000 |
Separation period | Up to 6 months |
Private Family Loans
Suitable for parents, family members, or anyone else who wants to help students pay for college.
APRs | 4.24% to 6.42% |
Terms | 10 or 15 years |
Loan amounts | $1,001 to $100,000 |
Separation period | Up to six months |
Private Arkansas Coding Academy Loans
Specifically for those attending the Arkansas Coding Academy.
Origination fee | 3% |
Terms | Two years |
Interest rate | 7.9% (fixed) |
Separation period | Two months |
Private U of A Global Campus Loans
Specifically for those attending the University of Arkansas Global Campus.
Origination fee | 3% |
Terms | Two years |
Interest rate | 7.9% (fixed) |
Separation period | Two months |
Federal Direct Stafford Loans
Available to students involved in all programs. The amounts available differ considerably depending on your status as a dependent, independent, or graduate/professional degree student. The maximum loans each year range from $5,500 to $20,500.
Student Loan Refinancing with ASLA
For applicants with a desire to refinance existing student debt by simplifying bills and lowering current interest rates.
APRs | 3.5% to 7.48% |
Terms | 3, 5, 7, 10, 15 years |
Loan amounts | $5,000 to $250,000 |
Repayment Options
- Immediate Payment
Monthly payments of the principal amount and interest. This will have the lowest interest rate
- Interest Only Payment
Monthly interest payments will only be required during school periods
- Deferment
No payments will be required until graduation, leaving school, or dropping below half-time enrolment. This will have the highest interest rate
